With Mitsubishi, Renault-Nissan competes with GM for Global Third Place
- Inovev will record Mitsubishi's sales figures in Renault-Nissan as of the end of 2017, as the Franco-Japanese group bought 34% of Mitsubishi's capital in October 2016, and so full year consolidated figures will not be available before the end of 2017.
- Nevertheless, if we add Mitsubishi's 2016 sales volumes to those of Renault-Nissan today, the Renault-Nissan group would be vying for third place with the GM group, with only a few thousand units difference (9.96 million units for the Renault-Nissan Group versus 9.97 million units for the GM Group).
- With the potential sale of Opel / Vauxhall, the expected slowdown in the Chinese and US markets in 2017, where the GM group is very present, and the resumption of the Iranian and Russian markets, where Renault-Nissan is very present, it seems likely that the Franco-Japanese group will succeed in supplanting GM group at the end of 2017. It could even compete for second place with the Toyota group. Carlos Ghosn's goal of being in the Top 3 is therefore quite achievable.
- Mitsubishi saw its sales drop by 13% in 2016 (0.95 million vehicles against 1.09 million in 2015), mainly due to the disclosure of fuel consumption fraud on several of its cars in Japan; it is also this situation that prompted and allowed Nissan to take control of the company at the end of 2016.
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