Earlier this month, we told you about the massive deal between Nissan and Mitsubishi that is waiting to be approved. The deal, in which Nissan would purchase 34% equity stake in Mitsubishi for 237 billion yen, would catapult Renault-Nissan to the world’s third-largest automotive group. We’re happy to announce that the deal has finally been approved!
This five-year alliance will bring multiple “synergies” or commonalities between the two brands, most importantly, common vehicle platforms and technology sharing.
“The combination of Nissan, Mitsubishi Motors and Renault will create a new force in global car-making,” said Ghosn. “It will be one of the world’s three largest automotive groups, with the economies of scale, breakthrough technologies and manufacturing capabilities to produce vehicles to serve customer demand in every market segment and in every geographic market around the world.”
Congratulations to Nissan on a successful acquisition!
“Nissan Strengthens Alliance with Acquisition of 34% Stake in Mitsubishi Motors.” Nissan Online Newsroom. N.p., n.d. Web. 24 Oct. 2016. <http://nissannews.com/en-US/nissan/usa/releases/nissan-strengthens-alliance-with-acquisition-of-34-stake-in-mitsubishi-motors>.
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