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OFFICIAL: Nissan Announces Plan To Take 34% Share In Mitsubishi

Speculation about a merger or acquisition between Nissan and Mitsubishi Motors reached fever-pitch earlier today, with speculation that Mitsubishi’s recent fuel economy misreporting scandal had rocked the company to its core. That speculation cam

Kez Casey

08:2012 May 2016

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OFFICIAL: Nissan Announces Plan To Take 34% Share In Mitsubishi

Speculation about a merger or acquisition between Nissan and Mitsubishi Motors reached fever-pitch earlier today, with speculation that Mitsubishi’s recent fuel economy misreporting scandal had rocked the company to its core.

That speculation came to an end with an announcement from Nissan which outlined a strategic alliance between the two companies.

Nissan and Mitsubishi Motors have signed a Basic Agreement to kick off the alliance between the two while terms for a far-reaching strategic alliance are worked out.

Merger

Kez Casey

Production Editor

Kez Casey migrated from behind spare parts counters to writing about cars over ten years ago. Raised by a family of automotive workers, Kez grew up in workshops and panel shops before making the switch to reviews and road tests for The Motor Report, Drive and CarAdvice.