Mitsubishi help for Renault: entry with the French possible

S since 2016, the Renault-Nissan alliance has been linked to the Japanese car manufacturer through Nissan's entry into Mitsubishi. At the time, Nissan had a 34 percent stake in the automaker Mitsubishi.

As part of 'Alliance 2020', the partners had agreed to achieve synergies of ten billion euros per year by 2022 through the use of common platforms, drive trains and technologies to double. Renault is currently ailing. Renault slipped into the red shortly before the Corona crisis. Help may come from Japan. As the business newspaper Les Echos reports, citing group insiders, the Mitsubishi group, as a major shareholder of the car maker of the same name, is considering investing in Renault with up to ten percent. The transaction value is put at up to 530 million euros. A possible decision is expected in May.

Japanese would have great influence

Should Mitsubishi join forces, the Japanese partners Nissan and Mitsubishi together would have a greater influence on the French than the French state, which is also a major shareholder in Renault. Renault has no comment on the rumors.

Nissan owns 15 percent of Renault, while Renault owns 43 percent of Nissan. The French state holds around 15 percent of the Renault shares.