Currency fluctuations and a lack of volume helped bring an end to a deal that would have seen Mitsubishi sell Renault-Samsung vehicles as their own in North America, according to a report by Just-Auto.

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Mitsubishi dealers are in for a rush of new product, including a new Outlander PHEV and a Mirage sedan. But one vehicle that won’t be arriving is an all-new sedan based on a Renault-Samsung vehicle.

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The next Renault Samsung SM5 has debuted in Korea, giving us a preview of Mitsubishi’s next entrant in the D-segment.

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News of Mitsubishi’s rebadging of Renault-Samsung vehicles for the US market is being greeted with far less enthusiasm around these parts than one would expect the internet to greet news of any French vehicles coming to America. One angle that isn’t being explored much comes from commenter callisall, who writes

if anyone else was scratching your head (like I was) about how Mitsu makes money in the USA, Mitsu is the third largest seller of cars to subprime borrowers behind Chrysler and Dodge.

So by outsourcing its R&D and focusing on the subprime market (and perhaps parts for its cars), it looks like Mitsu can make its US operations worthwhile.

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Reports out of South Korea are confirming the news that French car enthusiasts have been waiting on for decades: Americans will soon be able to buy French cars again, with Renault Samsung confirming that the first Mitsubishi-branded product exported to America will be the Renault-Samsung SM5.

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Renault will be returning to the United States, but not with Meganes or Kangoos sold under the diamond brand. Instead, the Renault-derived products will be variants of jointly-developed Renault Samsung cars sold under the Mitsubishi brand, as part of a new alliance between Renault-Nissan and Mitsubishi.

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