Renault-Nissan and Mitsubishi Motors’ has confirmed their intention to together explore several new projects covering shared products, technologies and manufacturing capacity in order to further expand alliance of two auto majors. Under the existing NMKV Joint-venture, both the car makers are looking to co-develop a new small car, including a specific electric version that can be sold on a global basis. More details on this are expected to be released soon. Secondly, it has also been confirmed that two new sedans would be launched under ‘Mitsubishi’ brand name which will be based on Renault models.
> The first sedan, to compete in the full-size D-segment markets of the U.S and Canada and would be manufactured at the Renault-Samsung plant in Busan, South Korea.
> The second sedan model would compete in the global C-segment. The manufacturing location for this product is under discussion.
Carlos Ghosn, President and CEO, Renault-Nissan:
“Nissan and Mitsubishi Motors have jointly benefited from several collaborations in the past, most recently the successful joint-venture on Kei cars in Japan. I welcome the direction being taken towards this broader cooperation, creating new opportunities for Renault in addition to further leveraging the productive relationship between Nissan and Mitsubishi Motors.”
Osamu Masuko, President, Mitsubishi Motors:
“As a result of the development of collaborative projects with Nissan Motor up to now, Mitsubishi Motors is pleased to work again with Nissan and now Renault towards achieving further collaborations. The new opportunities could be described as evidence that the ongoing collaborative projects between Mitsubishi Motors and Nissan have brought positive results, and Mitsubishi Motors hopes that any new collaborative projects with the Renault-Nissan Alliance would bring us further merits.”