Nissan Completes Acquisition of Mitsubishi Motors, Forming World's Third-Largest Automotive Group

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Automotive,Alliance,Acquisition

Nissan has finalized its acquisition of a majority stake in Mitsubishi Motors Corporation (MMC), becoming a full member of the alliance. This move makes the alliance the world's third-largest automotive group. Nissan chairman and CEO Carlos Ghosn has been nominated as MMC's chairman, overseeing three automakers simultaneously. The alliance plans to leverage synergies through joint purchasing, plant localization, platform sharing, and technology transfer, starting with a five-year minicar development partnership.

as a full member, paving the way for future growth. The assimilation of MMC into the fold now makes the alliance the world’s third-largest automotive group.

The three largest institutional shareholders in MMC have welcomed Nissan’s investment, and have pledged their support for its board nominees. Proton – use their car platform and eventually phase them out. do a seat of vw group; budget performance brandLOTUS CARS – Rival McLaren. Low volume performance car manufacturer, focusing on developing racing, lightweight technologies; eventually to work together with Renault’s recent acquisition formula one team.

NISSAN – maintain current strategy by staying where at it is, chasing Toyota by reaping strong sales growth in important market in North America, Europe, China. Opportunity to grow in emerging Southeast Asian markets. Work closely with Mitsubishi on both passenger and commercial vehicles. Nissan to be a bit more premium luxury than Mitsubishi.

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