Renault-Nissan Alliance & Mitsubishi Motors Corporation Explore Wide Ranging Global Product and Technology Cooperation

Renault-Nissan Alliance & Mitsubishi Motors Corporation Explore Wide Ranging 
Global Product and Technology Cooperation 
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 Alliance. 
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 Mitsubishi Motors."

Full press release available here: 
http://www.media.blog.alliance-renault-nissan.com/news/4621



SOURCE  Renault-Nissan Alliance 
Contacts: Mia Nielsen Renault-Nissan Alliance +33(0)6-10-83-31-33 
mia.nielsen@renault.com 
Rochelle Chimenes Renault SAS rochelle.chimenes@renault.com +33(0)6-85-32-65-50 
Toshitake Inoshita Nissan Motor Co., Ltd. t-inoshita@mail.nissan.co.jp 
+81(0)45-523-5552 
Shigeru Jibiki Mitsubishi Motors Corporation 
shigeru.jibiki@mitsubishi-motors.com +81-(0)3-6852-4274 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/November2013/05/c4147.html 
CO: Renault-Nissan Alliance
NI: AUT VNT  
-0- Nov/05/2013 08:36 GMT
 
 
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