Renault mulls cooperation deal with Mitsubishi

Article by Anita Panait, on May 31, 2013

Renault is considering a possible cooperation agreement with Mitsubishi, according to French daily Le Figaro, citing a person privy with the matter. The report said that Mitsubishi is currently cooperating with Nissan, and could benefit from the latter’s strong presence in Asia. Nissan and Renault are currently in alliance.

The paper remarked that Renault is looking for opportunities. Le Figaro reported that Renault’s possible cooperation agreement with Mitsubishi could be similar to that with Mercedes-Benz. Renault has inked partnership agreements with Mercedes parent Daimler to develop future Twingo and Smart cars, commercial vehicles and engines.

Mitsubishi currently provides sports utility vehicles and electric city cars to PSA/Peugeot-Citroen and aims to strengthen their alliance via capital tie-up made in 2010. PSA sells the Peugeot 4008 and Citroen C4 Aircross that are both based on the Mitsubishi ASX.

The French carmaker also sells the Peugeot iOn and Citroen C-Zero electric cars, which are based on the Mitsubishi i-MiEV. Mitsubishi and PSA operate a joint venture site in Kaluga, Russia.

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