Nissan Buys 34% Stake in Mitsubishi Motors

http://www.nbcnews.com/business/autos/nissan-takes-34-percent-stake-scandal-hit-mitsubishi-motors-n572581

Stoaty said:

http://www.nbcnews.com/business/autos/nissan-takes-34-percent-stake-scandal-hit-mitsubishi-motors-n572581

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The automakers will maintain separate identities, brands and dealerships, Ghosn and Masuko said.

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Wow, so Nissan had enough cash lying around to take majority ownership of a company they aren't going to merge with.

Maybe they share patents and avoid competing at the same price point on a car or two?

dhanson865 said:

Wow, so Nissan had enough cash lying around to take majority ownership of a company they aren't going to merge with.

Maybe they share patents and avoid competing at the same price point on a car or two?

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Nissan sells a ton of small cars Mitsu makes in Japan. If Mitsu goes down, they have to service those cars - and start making small cars themselfs.

evnow said:

dhanson865 said:

Wow, so Nissan had enough cash lying around to take majority ownership of a company they aren't going to merge with.

Maybe they share patents and avoid competing at the same price point on a car or two?

Click to expand...

Nissan sells a ton of small cars Mitsu makes in Japan. If Mitsu goes down, they have to service those cars - and start making small cars themselfs.

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You talking about the joint venture kei car (Nissan Dayz and Mitsubishi eK wagon) built at Mitsubishi’s plant? IIRC, it was Nissan during their development of the next gen that they discovered the FE oddities w/the current gen (above).

http://nissannews.com/en-US/nissan/usa/releases/renault-nissan-alliance-and-mitsubishi-motors-corporation-explore-wide-ranging-global-product-and-technology-cooperation
https://www.youtube.com/watch?v=BMACHYZ9o7E

I posted about it at http://www.mynissanleaf.com/viewtopic.php?t=12090 before. And, Mitsu and Nissan have done stuff like http://www.mynissanleaf.com/viewtopic.php?t=9395 before.

Nissan likely to send former tech chief to lead reform at Mitsubishi: sources:
http://www.reuters.com/article/us-nissan-mitsubishimotors-appointment-idUSKCN0YE1I4

According to two individuals with knowledge of the matter, Nissan and Mitsubishi are in final stage talks over an appointment of Mitsuhiko Yamashita as Mitsubishi's tech chief.

Yamashita was Nissan’s executive vice president in charge of product and technology research and development until 2014, a position he had held since 2005.

The two sources declined to be identified because they are not authorized

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