PARIS — Japanese conglomerate Mitsubishi Corp might doubtlessly spend money on Renault as a part of situations being mentioned to strengthen an alliance between the French automaker, Nissan and Mitsubishi Motors, two sources acquainted with the matter stated.
Mitsubishi Corp., which has a 20 % holding in Mitsubishi Motors, might take a 10 % stake in Renault, French newspaper Les Echos reported on Thursday, citing an unnamed govt acquainted with the discussions and different unnamed sources.
The paper stated this was one situation of many beneath dialogue, which might additionally embrace restructuring plans together with plant closures and contemporary price financial savings applications.
Nothing was but settled and any resolution may not be taken till Might, when the alliance is because of current contemporary measures to reboot joint operations and ship on price cuts, one of many sources stated. Renault declined to remark.
Mitsubishi Motors counts Nissan as its largest shareholder, although ties run deeper between the opposite two…