Europe: Mitsubishi to source two Renault-Nissan models image

The Japanese company and French-Japanese alliance jointly announced they plan to expand their existing NMKV joint-venture company to explore several new projects that would cover some shared products, technologies and manufacturing capacity.

Besides the intention to co-develop a new small-segment car (it includes a global electric version) based on a future jointly-developed ‘Kei car’ platform or the intention to share technology and products for electric vehicles and new platforms, the companies also said that during the first phase two new sedan vehicles would be launched under the Mitsubishi brand. They would be based on existing models from the Renault portfolio and would cover the compact and midsize segments.

That means Mitsubishi aims to replace the disappointing Lancer model with a car that could use the underpinnings of Renault’s Megane (hatchback) and Fluence (sedan) compact range. This particular model should be given a global release, while the larger midsize car is to be sold in the United States and Canada. The latter is the first to come out of the new collaboration between Mitsubishi and Renault-Nissan, being based on the ageing Renault Latitude produced by Renault Samsung in Busan, South Korea. According to Mitsubishi CEO Osamu Masuko, the new vehicle would reach its intended markets in two to three years.

Via Automotive News Europe