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Renault-Nissan Alliance ready to announce deal with Mitsubishi

By Faiming_low on 11 Oct 2016

Attached Image Automotive News has reported that the Renault-Nissan Alliance is on the verge of a S$3 billion deal with Mitsubishi to qccuire 34 percent of it.

It was told by Renault-Nissan Chief Executive Carlos Ghosn at the recent Paris Motor Show that the company expects authorities to approve the multi-billion deal soon. He was then quoted saying "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.”


While the details of the deal has not been specified, it is expected to see the three companies closely linked in management, vehicle development, r&d and purchasing.

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Faiming_low
Written by Faiming_low
Since young, Fai Ming has always centered his life around cars. In fact his first word was 'car' and not 'mum' or 'dad'. Aren't kids cute?



 
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