Mitsubishi Motors set to reverse move to withdraw from Europe
After discussions with Renault and Nissan, its two Alliance partners, the Japanese manufacturer could choose to finally stay in the European market.
According to our information, Mitsubishi Motos could reverse its decision to leave Europe. A return that would follow a framework agreement reached on Monday between the three members of the Alliance according to. A board of directors at Mitsubishi is to be held today on this subject.
A return to Europe desired by Renault and Nissan
Contacted Renault confirms that discussions are underway with Nissan and Mitsubishi, planned within the framework of the Alliance. The three partners reflect on the best strategy to adopt so that it is beneficial to each member. As a reminder, Renault owns 43% of the capital of Nissan, which holds 34% of Mitsubishi.
According to a source close to the French manufacturer, the return to Europe of Mitsubishi is part of the discussions. If Mitsubishi returns to the European market, the vehicles will be produced in Renault factories, but not within its French sites, the same source tells us.
Renault Managing Director Luca De Meo insisted on production synergies in Europe between Alliance members. “We have space in our factories we have platforms,” he said.
The general manager also suggested producing more Nissan vehicles at Renault factories. But according to the Financial Times, the Japanese manufacturer would have refused to give in to pressure from Renault, favoring the return of Mitsubishi to Europe.
Nissan plans to invest 1.15 billion euros in its Sunderland plant in the United Kingdom to develop production platforms for its hybrid vehicles. The Japanese manufacturer has still entrusted the production of all its utility vehicles in Europe to Renault. The new generation of the Nissan NV250, derived from the Renault Kangoo, will therefore be manufactured at the Renault plant in Maubeuge.