Jump to content


SEARCH

0

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.

Viewed: 4,078 times

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?



 
Car Makes

Please select a car make

Facebook Likes
   Featured Blog Post
Photo
Rally fans are a loyal bunch. Camping in a field at the side of a road for hours on end just to c...
POPULAR BLOG POSTS
Photo
The 2019 Mazda 3 introduces a new font to the Mazda Brand called Mazda Type, this new typeface wi...
Photo
MyCarForum and sgCarMart recently went on a trip with Prime Follow Me Japan to East Kyushu, Japan...
Photo
Ladies and Gentlemen, this is the new Toyota Supra. Thanks to a leak from the folks from SupraMKV...
Photo
Subaru is on the verge of launching another special edition WRX STI. Dubbed the Subaru WRX STI TC...
Photo
Two decommissioned Toyota Crowns remain in Singapore and they will be replaced by Hyundai Sonatas...
   Lifestyle Articles