Currency fluctuations and a lack of volume helped bring an end to a deal that would have seen Mitsubishi 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, while dealers are said to be growing anxious about a lack of competitive sedans in North America.
The post Costs, Currency Issues Killed Mitsubishi-Renault Deal appeared first on The Truth About Cars.
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