Mitsubishi conceived to acquire part of Renault

Mitsubishi conceived to acquire part of Renault

March 27, 2020 0 By autotimesnews

Mitsubishi Corp may become the owner of a 10% stake in Renault Corporation.

According to the agency Les Echos, relying on its source, this suggests one of the scenarios for strengthening the Renault-Nissan-Mitsubishi alliance.

According to assumptions, details about the new strategy will be released in May this year. The purchase of a portion of the shares of the French conglomerate brand by the Japanese brand has not yet been confirmed.

According to the portal, they will also consider other options, including restructuring, closure of enterprises and programs to reduce spending. The French company declined to comment on the situation.