Skip advert
Advertisement

Nissan's 34% stake in Mitsubishi Motors is finalised

Following Mitsubishi's fuel economy test scandal, Nissan takes 34 per cent stake in its fellow Japanese manufacturer

Nissan badge

The European Commission has approved Nissan's acquisition of Mitsubishi Motors. Earlier in May this year, Nissan and Mitsubishi Motors announced that a basic agreement had been signed with the two peers which will see Nissan take a 34 per cent stake in its fellow Japanese manufacturer for 237 billion yen (£1.86 billion). 

Advertisement - Article continues below

The announcement followed the news that Mitsubishi had been cheating fuel economy tests on some vehicles sold in Japan, a practice that could have been going on for around 25 years. 

Most economical cars

The two manufacturers have worked together on the development of several models over the last five years, but the extending of the alliance now makes Nissan the largest shareholder in Mitsubishi. The alliance will see the two brands working more closely together, sharing vehicle platforms, technology, and purchasing costs. 

The alliance will see the two brands working more closely together, sharing vehicle platforms, technology, and purchasing costs. 

mitsubishi badge

"This is a breakthrough transaction and a win-win for both Nissan and Mitsubishi Motors," said Carlos Ghosn, chief executive and president of Nissan. " It creates a dynamic new force in the automotive industry that will cooperate intensively, and generate sizeable synergies."

Do you think this is a good move for Nissan and Mitsubishi? Let us know in the comments...

Skip advert
Advertisement

Find a car with the experts

Skip advert
Advertisement

Recommended

Best electric car deals: today's top discounts and incentives on new EVs
Best electric car deals - header image

Best electric car deals: today's top discounts and incentives on new EVs

Making the switch to an EV? These car brands have an offer (or two) for you
Best cars & vans
28 Apr 2025
Future of Nissan in the UK: new Gigafactory to power bold EV plans
Future of Nissan in the UK - header with Phil McNamara

Future of Nissan in the UK: new Gigafactory to power bold EV plans

Nissan is about to go from building the Qashqai hybrid to three fresh EVs in the UK over the next three years – all powered by a new gigafactory
Features
19 Apr 2025
Best new cars coming soon: all the big new car launches due in 2025, 2026 and beyond
Best new cars coming soon - header image

Best new cars coming soon: all the big new car launches due in 2025, 2026 and beyond

These are the most important new cars headed our way, from brands including Audi, BMW, Dacia, Ferrari, Ford, Skoda and more
Best cars & vans
8 Apr 2025
Confirmed: Renault Twingo-based Nissan EV incoming
Nissan A-segment EV

Confirmed: Renault Twingo-based Nissan EV incoming

Online investors’ call confirms Nissan will build a “derivative” of the Renault Twingo from 2026
News
31 Mar 2025

Most Popular

New Kia PV5 Passenger MPV undercuts the VW ID.Buzz by a huge £25k
Kia PV5 Passenger - show front

New Kia PV5 Passenger MPV undercuts the VW ID.Buzz by a huge £25k

New entry into the electric people carrier market undercuts the VW ID. Buzz by a significant margin
News
29 Apr 2025
New 2025 Kia PV5 van starts from a tempting £22,645
Kia PV5 Cargo on display at Commercial Vehicle Show - front 3/4

New 2025 Kia PV5 van starts from a tempting £22,645

All-new entry into the van market promises competitive pricing and comes with a range of up to 247 miles
News
30 Apr 2025
New Volkswagen ID.3 Match 2025 review: attractive price boosts EV’s appeal
Volkswagen ID.3 Pure Match - front

New Volkswagen ID.3 Match 2025 review: attractive price boosts EV’s appeal

The value-focused Volkswagen ID.3 Match performs well and is easy to live with
Road tests
28 Apr 2025