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Renault-Nissan Alliance ready to announce deal with Mitsubishi

Renault-Nissan Alliance ready to announce deal with Mitsubishi

chitchatboy

Entry posted by chitchatboy ·

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blogentry-133713-0-51276900-1476149530_thumb.jpgAutomotive 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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