PARIS — Japanese conglomerate Mitsubishi Corp could potentially invest in Renault as part of scenarios being discussed to reinforce an alliance between the French automaker, Nissan and Mitsubishi Motors, two sources familiar with the matter said.
Mitsubishi Corp., which has a 20 percent holding in Mitsubishi Motors, could take a 10 percent stake in Renault, French newspaper Les Echos reported on Thursday, citing an unnamed executive familiar with the discussions and other unnamed sources.
The paper said this was one scenario of many under discussion, which could also include restructuring plans including plant closures and fresh cost savings programs.
Nothing was yet settled and any decision might not be taken until May, when the alliance is due to present fresh measures to reboot joint operations and deliver on cost cuts, one of the sources said. Renault declined to comment.
Mitsubishi Motors counts Nissan as its biggest shareholder, though ties run deeper between the other two…
