ASTROMAN - Consulting, Executive Search


Nissan and Mitsubishi Motors Press Conference. Photo courtesy of Nissan

Yokohama and Tokyo, Japan – May 12, 2016

Nissan and Mitsubishi Motors Corporation (MMC) announced Thursday that they have signed a Basic Agreement to form a far-reaching strategic alliance between the two Japanese automakers.

Following an MMC share issue, Nissan will take a 34% equity stake in MMC for 237 billion yen.

The strategic alliance will extend an existing partnership between Nissan and MMC, under which the two companies have jointly collaborated for the past five years.

Nissan and MMC have agreed to cooperate in areas including purchasing, common vehicle platforms, technology-sharing, joint plant utilization and growth markets.

Carlos Ghosn, chief executive and president of Nissan.
Photo courtesy of Nissan

Carlos Ghosn, chief executive and president of Nissan, said:
“This is a breakthrough transaction and a win-win for both Nissan and Mitsubishi Motors. It creates a dynamic new force in the automotive industry that will cooperate intensively, and generate sizeable synergies. We will be the largest shareholder of MMC, respecting their brand, their history and boosting their growth prospects. We will support MMC as they address their challenges and welcome them as the newest member of our enlarged Alliance family.”

Osamu Masuko, chairman of the board and chief executive of MMC.
Photo courtesy of Nissan

Osamu Masuko, chairman of the board and chief executive of MMC, said:
“Through its long history of successful partnerships Nissan Motor has developed a deep knowledge of maximizing the benefits from alliance partnerships. This agreement will create long term value needed for our two companies to progress towards the future. We will achieve long term value through deepening our strategic partnership including sharing resources such as development, as well as joint procurement.”

Nissan and Mitsubishi Motors Press Conference.
Photo courtesy of Nissan

Under the terms of the transaction, Nissan will purchase 506.6 million newly-issued MMC shares at a price of 468.52 yen per share.
Nissan will become the largest shareholder of MMC on closing.

MMC and Nissan expect Mitsubishi Heavy Industries, Mitsubishi Corporation and The Bank of Tokyo – Mitsubishi UFJ to maintain a significant collective ownership stake in Mitsubishi Motors, and to support the strategic alliance.

The transaction is subject to the signing of a definitive Alliance Agreement, expected by the end of May 2016, the signing of a shareholders’ agreement with the current Mitsubishi Group shareholders of MMC, and regulatory approvals. It is expected to close by the end of the year.


Carlos Ghosn, chief executive and president of Nissan (left) and Osamu Masuko, chairman of the board and chief executive of MMC. Photo courtesy of Nissan

Nissan and Mitsubishi Motors Press Conference

http://www.ustream.tv/recorded/86750625

Source: Nissan

http://reports.nissan-global.com/EN/

ASTROMAN Magazine - 2016.05.07

Ford Invests $182.2 Million In Pivotal To Accelerate Cloud-Based Software Development. New Labs Drive Ford Smart Mobility Innovation

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2062

ASTROMAN Magazine - 2016.04.09

Toyota Announces New Venture with Microsoft 'Toyota Connected', Expands Focus on Software- and Data-Driven Mobility

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2052

ASTROMAN Magazine - 2016.03.14

The 86th Geneva International Motor Show: An exceptional vintage!

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2040

ASTROMAN Magazine - 2016.01.23

GM Launches Personal Mobility Brand: Maven

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2014

ASTROMAN Magazine - 2016.01.17

North American International Auto Show Announces Technology Partnership with IBM

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2012

ASTROMAN Magazine - 2016.01.15

2016 North American International Auto Show Drives It Home With 50-Plus Production and Concept Reveals

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2011

ASTROMAN Magazine - 2016.01.10

Technology Connects. Industries Collaborate. Innovation Betters the World at CES 2016

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2009

ASTROMAN Magazine - 2016.01.10

CES 2016 Brings the Future of Technology Innovation to Market

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2008

ASTROMAN Magazine - 2016.01.08

CES 2016 Opens with Technology Changing the World

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=2007

ASTROMAN Magazine - 2015.11.07

The 44th Tokyo Motor Show 2015 - The city of the future feel and experience the connection between cars, lifestyles and society

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1990

ASTROMAN Magazine - 2015.06.12

Tesla's mission is to accelerate the world's transition to sustainable transport

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1927

ASTROMAN Magazine - 2015.04.12

Delphi Successfully Completes First Coast-to-Coast Automated Drive From San Francisco to New York

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1903