Renault-Nissan CEO Carlos Ghosn is planning for a massive team-up between the three companies at the Paris Auto Show. Renault–Nissan is currently looking to pay $2.2 billion to take home a 34% stake in Mitsubishi, and it sounds like Renault-Nissan isn’t about to waste any time once the deal is confirmed by the appropriate regulatory authorities.
Speaking with Automotive News, Ghosn says that Renault-Nissan and Mitsubishi will be ready to reveal plans the moment this buyout is confirmed. Ghosn said:
This is not a deal where we say, ‘OK, we made the deal, now let’s think what we can do together’. No… the day we announce the deal, we’re going to tell you exactly what we’re going to do together. And it’s massive. It’s massive between Mitsubishi and Nissan. And also, it may be very significant between Renault and Mitsubishi.
However, while Renault-Nissan may have already thought beyond the acquisition phase of its relationship, Ghosn pointed out that the companies still need to figure out plans for the US. Still, even with an unclear path to adding Mitsubishi to the Renault-Nissan alliance in the US, Ghosn seems confident and thinks that such a partnership could reach deep to produce some big things.
We’ll have to wait and see how this whole thing shakes out, but it may not be long before we see Mitsubishi moving forward as an owned brand under the Renault-Nissan banner. Ghosn is hoping approval for the deal will come as early as the end of the year, at which point, we’ll get to see these “massive” plans he is talking about.
A computer animation professional with over 23 years of industry experience having served in leading organizations, TV channels & production facilities in Pakistan. An avid car enthusiast and petrolhead with an affection to deliver quality content to help shape opinions. Formerly written for PakWheels as well as major publications including Dawn. Founder of CarSpiritPK.com