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Nissan, Mitsubishi confirm plans to invest in Renault EV unit Ampere

PARIS — Renault's longstanding alliance partners Nissan and Mitsubishi confirmed plans to invest in the French car maker's electric vehicle unit Ampere and use it to develop EVs for the European market, the companies said on Wednesday. After years of contentious partnership, the announcement on Wednesday confirms that the new alliance between the three automakers is smaller and more pragmatic, focusing on regional cooperation. Nissan and Mitsubishi confirmed they would invest respectively up to 600 million euros ($647.46 million) and 200 million euros in Ampere, which has been carved out from the rest of Renault and is due for a public listing next year. Nissan will become "a strategic investor" in Ampere, Makoto Uchida, CEO of the Japanese car marker told reporters, adding the company may use the EV unit's software and connectivity innovations in other markets outside Europe. "Developing electric vehicles all over the world alone would be very challenging," he said. Ampere will develop and manufacture an electric version of the compact Nissan Micra for the European market and a medium-sized electric SUV for Mitsubishi. Renault CEO Luca de Meo said Ampere will cut the costs for the Micra for Nissan by 50%. The alliance partners also confirmed their joint projects in Latin America and India. In September, Renault, Nissan and Mitsubishi ended their common purchasing agreement, which they said would allow them to focus on individual projects and adapt more quickly to regional differences in automotive markets. At the end of July, Renault and Nissan finalised the terms of a restructured alliance after months of negotiations. Talks dragged on for months longer than expected due in part to Nissan, which was concerned about protecting its intellectual property in future collaborations. Related video: Earnings/Financials Green Mitsubishi Nissan Renault Electric

Refreshed Mitsubishi Mirage hatch and G4 sedan debut in Thailand

After Mitsubishi teased its global compact twins earlier this month, the Mirage hatchback and Attrage sedan — called the Mirage G4 here — greeted the public in Thailand. These appear to be cosmetic adjustments only, Mitsubishi mum so far on any powertrain changes. Both vehicles now wear the Dynamic Shield corporate face with "styling [that] sweeps round from the sides toward the middle of the nose in a protective embrace." At the edges of the red-trimmed grille strakes, restructured headlights now incorporate LEDs. In back, vehicle edges have been drawn more square and vertical. Below the revised taillights, the bumpers feature cutouts at their edges that house reflectors. Interior revisions on all trims include soft-feel cloth for hand-rest areas like the door card, new designs for the front armrests, and a carbon fiber pattern for the gauge cluster background and the window switch panel. Higher trims can be optioned with new seat designs, solid-colored synthetic leather in the sedan, and a mix of fabric and synthetic leather in the hatch, each with complementary piping and stitching. Another new option will be Mitsubishi's Smartphone Display Audio infotainment with a seven-inch screen and compatibility with Android Auto and Apple CarPlay. Both cars expand their color palettes with a White Diamond hue, and the hatchback adds Sand Yellow as well. Wheel designs get in on the upgrades, the hatch benefiting from a 15-inch two-tone, diamond-cut wheel, the sedan wheel coming in a solid silver finish. Assuming engines don't change when the redesigned bodywork goes on sale here, the 1.2-liter three-cylinder with 78 horsepower and 74 pound-feet of torque will be our only option, shifting through either a five-speed manual or a CVT.  Featured Gallery 2020 Mitsubishi Mirage Hatch and Attrage-G4 Sedan View 30 Photos Mitsubishi Hatchback Economy Cars Sedan

Auto News Recap For 5.13.16 | Autoblog Minute

Senior Editor Greg Migliore recaps the week in automotive news, including a look at Hyperloop One's desert propulsion test, Chrysler 300 rumors, and Nissan's purchase of Mitsubishi. Chrysler Mitsubishi Nissan Autoblog Minute Videos Original Video hyperloop