Photo: Renault
Renault-Nissan and Mitsubishi have decided to make their struggles a little easier to deal with and have officially announced plans for "projects covering shared products, technologies and manufacturing capacity."
The two companies have already co-developed a small Japanese kei car, and this joint venture will also result in a new electric car for the global market.
But that's not the interesting part. Mitsubishi hasn't got the money it needs to make its own larger sedans, and so it wants Renault technology for two models. The first is a D-segment sedan to be sold in North America and based on Samsung models from Korea. That would be the Samsung SM5, known to European customers as the Latitude.
The rebadged Latitude sold by Mitsubishi would still be built in Busan, South Korea. The interesting thing is the same Renault/Nissan D platform is also used by the Altima.
Mitsubishi also wants a C-segment sedan to be sold globally.
"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," Nissan CEO Carlos Ghosn stated.
But that's not the interesting part. Mitsubishi hasn't got the money it needs to make its own larger sedans, and so it wants Renault technology for two models. The first is a D-segment sedan to be sold in North America and based on Samsung models from Korea. That would be the Samsung SM5, known to European customers as the Latitude.
The rebadged Latitude sold by Mitsubishi would still be built in Busan, South Korea. The interesting thing is the same Renault/Nissan D platform is also used by the Altima.
Mitsubishi also wants a C-segment sedan to be sold globally.
"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," Nissan CEO Carlos Ghosn stated.
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