Mitsubishi has officially tied the knot with its savior, making Renault-Nissan chairman Carlos Ghosn the only automotive executive in the world (and possibly the galaxy) to head three companies.

The $2.29 billion deal gives Ghosn’s Renault-Nissan alliance a 34 percent controlling stake in Mitsubishi — a financial lifeline for the struggling, scandal-plagued automaker. Already, the company’s new chairman (and demoted former chair) have big, big plans for the Mirage maker.

Nissan-sized plans. (Read More…)

By 1985, it was clear to everyone that the Renault Alliance, product of the strange AMC/Renault mashup that failed to save the “not too big to fail” Wisconsin automaker, wasn’t quite as good as the ’83 Motor Trend Car of the Year award suggested. Still, enough Alliances sold that you still see them in the junkyard every now and then. Here’s one I spotted in a California self-serve yard last month. (Read More…)