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Report: Mitsubishi talking to Nissan about new midsize sedan

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Mitsubishi is currently having talks with Nissan about a new partnership to develop midsize sedans after a potential deal with French automaker Renault fell through, partly because the sudden appreciation of the Korean won against the dollar and Japanese yen compromised the plan’s profitability.

Such an alliance could help Mitsubishi regain market shares in the U.S. several years after it stopped selling the Galant. Plus, the compact Lancer is getting seriously old. 

A Mitsubishi spokesman told Automotive News that no Galant replacement is planned for the near future, but there is one for the Lancer. The company may end up developing the car itself, however, it is also looking for partners to share R&D and production costs, he said.

Source: Automotive News