Nissan’s purchase of Mitsubishi is officially official

Nissan’s purchase of Mitsubishi is officially official

0 comments 📅09 November 2016, 08:00

After the friends’s announcement in May, the Nissan’s purchase of a 34 percent pole in Mitsubishi is now official. The deal cost Nissan $2.3 billion, according to the Divider Street Journal, and brings Mitsubishi into the Nissan-Renault Federation. The company explained that this new partnership wishes manifest itself in shared vehicle platforms and technology, cooperative purchasing, and shared manufacturing. Nissan also said that this foothold will make the company one of the three largest companies by supply in the world.

Nissan also emphasized that Mitsubishi will-power very much be a partner in the current union with Renault. In addition, Carlos Ghosn, CEO of both Nissan and Renault, has been nominated to be the new chairman of the Mitsubishi committee. With Ghosn at the head of the board, going round Mitsubishi president and CEO, Osamu Masuko, last wishes as remain in his positions but Nissan’s current chief competitive officer of the law will join Masuko as co-chief kingpin officer at Mitsubishi.

With these companies now working together, we’ll in all likelihood start seeing more commonality between Nissan and Mitsubishi products here in the States. It would also be a huge opportunity to get some of Mitsubishi’s cooler products here. Peradventure Mitsubishi and Nissan will take our trace about the Delica.

This article has been revised to make plain that Nissan Motors purchased the fasten in Mitsubishi, not the Nissan-Renault Alliance, and to add the value of the obtain.

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