Nissan Motor Co., Ltd. and Honda Motor Co., Ltd. announced in December they have signed a memorandum of understanding (MOU) to start discussions and considerations toward a business integration between the two companies through the establishment of a joint holding company. If the business integration can be realized, the companies aim to integrate their respective […]
Mitsubishi Announces it will Relocate U.S. Headquarters to Tennessee
West coast parts distribution center also moving to new California location. Mitsubishi Motors North America, Inc. (MMNA) announced it will relocate its headquarters from Cypress, Calif., to Franklin, Tenn., a suburb of Nashville. The move is part of an ongoing plan to reinvent every aspect of Mitsubishi Motors in the U.S. Since 1988, MMNA has […]
Renault and Nissan Alliance Announce Deal with Waymo to Develop Driverless Mobility Services in France and Japan
Groupe Renault and Nissan to become the first automotive manufacturers to develop driverless mobility services with Waymo in France and Japan. May include other countries. Groupe Renault, Nissan Motor Co., and Waymo, the former Google driverless car project, have entered into an exclusive agreement for an initial period to explore all aspects of driverless mobility […]
Nissan Completes Acquisition of 34% stake in Mitsubishi Motors
Enlarged Alliance ranks among top three global automotive groups. Nissan Motor Co., Ltd. announced yesterday its completed its acquisition of a 34 percent equity stake in Mitsubishi Motors (MMC) that was announced in May and became its largest shareholder. MMC will also become part of the global Alliance with Nissan and Renault. With the addition […]
Nissan Takes 34% Stake in Mitsubishi Motors
Nissan Motor Co., Ltd., and Mitsubishi Motors Corporation, (MMC) announced that they have signed a Basic Agreement today to form a far-reaching strategic alliance between the two Japanese automakers. Following an MMC share issue, Nissan will take a 34 percent equity stake in MMC for 237 billion yen. The strategic alliance will extend an existing […]