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Nikkei Markets

Renault-Nissan-Mitsubishi To Set Up $1 Bln Venture Capital Company- Nikkei Asian Review

By Yuichiro Kanematsu
Nikkei Staff Writer
LAS VEGAS (Jan 10) -- French automaker Renault will team with Japanese auto giants Nissan Motor and Mitsubishi Motors to establish a venture capital company. The three plan to invest up to $1 billion over the next five years in startups that focus on advanced autonomous driving, artificial intelligence and other technologies, group leader Carlos Ghosn said on Tuesday.

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