Growing larger than ever with the addition of the new Japanese partner, the Renault Nissan Alliance will produce more than 10 million autos every year from now on.
Mitsubishi Motors is now an integral member of the family – with Nissan purchasing 34 percent of its rival and Carols Ghosn now Chairman of the Board at Mitsubishi, with identical roles filled at both Renault and Nissan. “The expanded Alliance will be one of the largest automotive groups in the world, with annual sales of 10 million units in fiscal year 2016,” Ghosn said in a statement released to officially announce the transaction. It appears the most advantages are in the long term for Mitsubishi – able to access vast, new resources, such as vehicle platforms. It will also incur huge cost reductions as the trio purchase materials together, can share plants, and develop new technologies together.
According to the latest reports on the matter, the Mitsubishi plug in hybrid system will be of use for the other brands as well. Aside from Ghosn’s appointment, three other Nissan executives will become Mitsubishi board members, while Trevor Mann will serve as Chief Operating Officer at Mitsubishi instead of Chief Performance Officer of Nissan. At least initially, Mitsubishi CEO Osamu Masuko will retain his position.