From Bloomberg: Nissan Motor Co. and Mitsubishi Motors Corp. will set up a 50-50 joint company next year to develop minicars that may become strategic models sold globally. The minicar would be available for sale in 2012 under the agreement, while Nissan will supply a light van and wagon to Mitsubishi in Japan. Mitsubishi will sell a sport-utility vehicle to Nissan in the Middle East, the automakers said today in a joint statement.
“This agreement is important for Nissan as it supports our expansion in emerging markets, meets immediate capacity needs overseas and enables us to grow our minicar business in Japan,” Nissan Chief Executive Officer Carlos Ghosn said in a statement.
The partnership gives the manufacturers greater economies of scale while allowing them to enter market segments with less investment. The two carmakers already cooperate by supplying minicars, with engines no larger than 660cc, and commercial vehicles. Nissan, which makes the Leaf electric car, and Mitsubishi, which sells the i-MiEV, are in talks about possibly cooperating on electric vehicles, the automakers said.
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Nissan and Mitsubishi to develop minicar, in talks for EV joint venture
15.12.10
MobiGreen
