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Posts Tagged ‘Nissan/Renault Alliance’

Renault-Nissan Alliance to Partner Up with Mitsubishi

Team of three may develop small car to sell globally.

by on Nov.05, 2013

Nissan/Renault is considering adding a third partner: Mitsubishi, according to Carlos Ghosn.

The long-running alliance between French automaker Renault and Japan’s Nissan could soon get a little bit larger as the partners explore a possible tie-up with another Japanese maker, Mitsubishi Motors.

The proposed alliance would cover a number of different product segments and include the development of new electric vehicles, an emerging market niche into which Renault and Nissan have already invested billions of dollars to develop and produce vehicles like the Leaf battery-electric vehicle.

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“Nissan and Mitsubishi Motors have jointly benefited from several collaborations in the past,” noted Carlos Ghosn, who serves as CEO at both Nissan and Renault. “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.”   (more…)

Will Fiat Deal Save Chrysler?

Proposed alliance could save money, add global reach

by on Jan.20, 2009

Chrysler turns to the Italians for salvation

Chrysler turns to the Italians for salvation

The perennially-troubled Chrysler LLC will form a new “global strategic alliance” with the Italian automaker that often has words like “weak,” and “troubled,,” associated with its own name, Fiat s.P.a. Barring problems with federal overseers, who must review the proposed deal – and give a sign-off on Chrysler’s business plan – the two automakers’ alliance could come together in April.

The announcement, which first reported on yesterday, comes nearly 20 years after Chrysler and Fiat called off a proposed, trans-Atlantic merger. The new deal will be significantly less far-reaching in scope, though it could still play a critical role in determining the companies’ long-term viability, according to industry observers.

The proposed deal, said a press release, “would provide Chrysler with access to competitive, fuel-efficient vehicle platforms, powertrain, and components to be produced at Chrysler manufacturing sites. Fiat would also provide distribution capabilities in key growth markets, as well as substantial cost savings opportunities” stemming, among other things, through increased economies of scale.

One of the more telling comments in the release, which seems to underscore just had badly understaffed Chrysler has become as it has been forced to pare back to survive, notes that, “Fiat would provide management services supporting Chrysler’s submission of a viability plan to the U.S. Treasury as required.”