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Mitsubishi joins Renault-Nissan

20 October 2016

Nissan has become Mitsubishi’s largest shareholder, after paying approximately $2.3 billion for a 34 percent equity stake in company.

MMC will become part of the Renault-Nissan Alliance, helping it enter the world’s top three automotive groups by global sales volumes, with 10 million deliveries in fiscal year 2016.

Nissan Chairman and CEO Carlos Ghosn who has also been nominated as new chairman of Mitsubishi, said, “We are committed to assisting Mitsubishi Motors as it rebuilds customer trust. This is a priority as we pursue the synergies and growth potential of our enlarged relationship.