The basis for this product will be from a jointly-developed Kei car platform of the type popular in the Japanese domestic market. Further details of all products, markets and manufacturing will be announced separately.

The Renault-Nissan Alliance and Mitsubishi Motors Corporation are also confirming their intention to share technologies and product assets related to electric vehicles and latest-generation platforms. Renault, Nissan and Mitsubishi Motors were among the first to pioneer the introduction of mass-marketed electric products.

Based on their current direction of discussions, Renault and Mitsubishi Motors expect that two new sedan models would be launched under the Mitsubishi brand, based on vehicles from the Renault portfolio. Secondary and additional studies around other projects will then be considered.

• The first sedan, to compete in the full-size D-segment markets of the United States and Canada and would be manufactured at the Renault-Samsung plant in Busan, South Korea.

• The second sedan model would compete in the global C-segment. The manufacturing location for this product is under discussion.

Renault and Nissan have been strategic partners since 1999 and sold 8.1 million cars in nearly 200 countries in 2012. The Alliance operates strategic collaborations with numerous automakers, including Germany’s Daimler, China’s Dongfeng, and with regional manufacturers such as Ashok Leyland in India.