Costs, Currency Issues Killed Mitsubishi-Renault Deal

Currency fluctuations and a lack of volume helped bring an end to a deal that would have seen M itsubishi sell Renault-Samsung vehicles as their own in North America , according to a report by  Just-Auto .

While Renault-Nissan and Mitsubishi will continue to share production of a kei- class minicar in Japan, proposed plans to sell a large Renault-Samsung vehicle as a Mitsubishi in North America have been put on hold, along with the potential to export other models in the future. Currency issues and a lack of profitability for Renault-Nissan were cited as the main reasons that the deal fell through. Mitsubishi is apparently still open to searching for a new partner, w hile dealers are said to be growing anxiousabout a lack of competitive sedans in North America.