Renault Confirms Talks with Mitsubishi, No Alliance Reached
Renault has admitted holding discussions with Mitsubishi in early 2013, but both manufacturers have denied any formal alliance or partnership agreement was made.
Renault confirmed in May 2013 that it had held talks with Mitsubishi about a possible partnership, but said the discussions ended without a deal. Both manufacturers publicly denied forming any alliance, following speculation in the French press about a potential tie-up.
The talks came as Renault sought new opportunities beyond its existing alliance with Nissan. At the time, Renault faced pressure from shareholders to expand its supply agreements for engines and components, similar to its arrangements with Daimler. The French group was under scrutiny to strengthen its position as the European car sector struggled with ongoing industrial challenges.
No formal alliance with Mitsubishi
Mitsubishi, which was also experiencing financial difficulties, was seen as a potential partner. However, both companies insisted that no formal alliance or joint venture would result from the discussions. Mitsubishi specifically denied any new partnership with Renault, despite the negotiations having taken place.
At the same time, Nissan, Renault's existing partner, maintained a separate agreement to build vehicles with Mitsubishi for the Japanese market. This was described as a regional arrangement and not part of any broader Renault-Mitsubishi cooperation.
Shareholder pressure and future strategy
Renault shareholders were reported to be urging the company to seek further supply deals and reduce dependency on Nissan, though not to end the alliance. The company was expected to continue exploring partnerships similar to its collaboration with Daimler, focusing on engines and component sharing rather than full-scale mergers.
