There is a new deal happening in the Auto industry. It has been quite some time since Mitsubishi has been in the news, but things indeed look different today.

The Renault-Nissan Alliance is nearly a $2.2 billion deal for Mitsubishi to secure 34 percent of the Japanese organization in a move which could impact each of the three automakers.

Amid the Paris Auto Show, Renault-Nissan CEO Carlos Ghosn told Automotive News that he anticipates that powers will favor the multi-billion securing and that when they do, correct insights about what the organizations do together will be reported.

Once the deal is inked, the companies aren't interested in wasting any more time.

"This is not a deal where we say, 'OK, we made the deal, now let's think what we can do together," he said.

"No. The day we announce the deal, we're going to tell you exactly what we're going to do together. And it's massive. It's massive between Mitsubishi and Nissan. And also, it may be very significant between Renault and Mitsubishi."

In spite of the fact that we won't find out about the specifics until the procurement is endorsed, Ghosn said that he needs Mitsubishi to wind up part of the Renault-Nissan Alliance, which means the three would be firmly connected in administration, vehicle advancement, research and development and obtaining.

"Mitsubishi in this case will join the alliance. The alliance is about developing synergy. We know that there are a lot of synergies with Mitsubishi and strategically we have a lot of connection," Ghosn concluded.