Q.Mitsubishi Joins The Renault-Nissan Alliance

Carlos Ghosn is the man nehind the GTR and reviving Nissan from its major slump in 1999 and I think thats why the board is trusting him with the duty of spear heading this new alliance. The decision to buy out stake in Mitsubishi should come as a sign of good things to come for the enthusiast. Hoping he takes the route he took with Nissan and revives the most iconic car from Mitsubishi - The Evo and we get a new one real soon. Mitsubishi has had a great past and lets hope they strike back again, bigger and better.

Renault-Nissan-Datsun-Mitsubishi, that's one huge alliance in the making. Carlos Ghosn, chief of Renault and Nissan will lead the board of Mitsubishi Motors, after Nissan acquires a 34% stake in Mitsubishi, another ailing Japanese car maker. That's one man at the head of three companies (make that four, as Datsun is a subsidiary of Nissan too). Osamu Masuka will remain the president and CEO of Mitsubishi. [ATTACH=CONFIG]n19761[/ATTACH] Mitsubishi has been in hot water after it admitted to not properly measuring fuel efficiency and manipulating test data. Due to this scandal, the ailing company was set to post an even bigger loss of $2.3 billion. This is the company's first loss in eight years. With Nissan bailing out Mitsubishi paying $2.29 billion for a 34% stake, this alliance is set to become the world's fourth largest automaker. Nissan has officially declined to comment on this development, but Reuters and other sources have been following up on this development. Forbes sees this as a clever way for Carlos Ghosn to get a raise in his salary after Renault shareholders felt that he was already paid a lot. Also read: [URL="https://www.zigwheels.com/forum/posts/10344-suzuki-joins-mitsubishi-in-the-fuel-economy-scandal"]Suzuki Joins Mitsubishi in the Fuel Economy Scandal[/URL] [ATTACH=CONFIG]n19762[/ATTACH] What works in Ghosn's favour though is that he has managed to turn around Nissan and push some exciting models out the door at Renault as well. He could do something magical for Mitsubishi too. Now, what does that mean for us here in India? Do we see more Mitsubishi models drive back into India? Currently, Mitsubishi only sells the Pajero Sport in India with a very scanty dealer network. Its earlier association with Hindustan Motors (a company that is itself in big trouble) didn't bode well for it. At one point Mitsubishi had as many as six models in India - the Mitsubishi Lancer, Mitsubishi Cedia, Mitsubishi Outlander, Mitsubishi Pajero (SFX), Mitsubishi Montero and Mitsubishi Lancer Evo X. Mitsubishi, once the alliance comes through with Nissan, will continue to compete with Toyota, Honda, Suzuki, Isuzu and Mazda in Japan, and will compete with some of these brands in India too. It's too early to say what this alliance could do - but I think it does spell some exciting times ahead for us. If the Renault-Nissan-Mitsubishi alliance flexes its muscle in India, we could hope for some very interesting cars soon. Fingers crossed. Source: [URL="http://in.reuters.com/article/mitsubishimotors-nissan-idINKCN12K0G4"]Reuters[/URL]