New projects to drive global product coverage and capacity utilization
AMSTERDAM and TOKYO, Nov. 5, 2013 /CNW/ - The Renault-Nissan Alliance
and Mitsubishi Motors Corporation today announced their joint intention
to explore several new projects covering shared products, technologies
and manufacturing capacity among the automakers. As a consequence, it
has been agreed that the strategic cooperation between Nissan and
Mitsubishi Motors could be expanded across the broader Renault-Nissan
Between Nissan and Mitsubishi Motors, it is expected that the existing
NMKV joint-venture company will be extended to co-develop a new
small-segment car including a specific electric version that can be
sold on a global basis. The basis for this product will be from a
jointly-developed 'Kei car' platform of the type popular in the
Japanese domestic market. Further details of all products, markets and
manufacturing will be announced separately.
The Renault-Nissan Alliance and Mitsubishi Motors Corporation are also
confirming their intention to share technologies and product assets
related to electric vehicles and latest-generation platforms. Renault,
Nissan and Mitsubishi Motors were among the first to pioneer the
introduction of mass-marketed zero emission products.
Based on the current direction of discussions between Renault and
Mitsubishi Motors, it is firstly expected that two new sedan models
would be launched under the Mitsubishi brand, based on vehicles from
the Renault portfolio. Secondary and additional studies around other
projects will then be considered.
The first sedan, to compete in the full-size D-segment markets of the
United States 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.
President and CEO of the Renault-Nissan Alliance, Carlos Ghosn, said:
"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
Full press release available here: http://www.media.blog.alliance-renault-nissan.com/news/4621
SOURCE: Renault-Nissan Alliance
For further information:
Nissan Motor Co., Ltd.
Mitsubishi Motors Corporation