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Home News Carlos Ghosn rules out Mitsubishi’s merger with Nissan

Carlos Ghosn rules out Mitsubishi’s merger with Nissan

Carlos Ghosn rules out Mitsubishi’s merger with Nissan

Merger between two Japanese auto makers Mitsubishi Motors Corp (MMC) and Nissan Motor is not being considered said Carlos Ghosn, Chairman of both the companies. “Full merger is not on the table. We want Mitsubishi to reform itself,” said Ghosn, who was attending the opening ceremony of a new Mitsubishi factory on the outskirts of Jakarta. He also said it was likely for Mitsubishi and Nissan to cross-manufacture in areas where it makes sense. In 2016, Nissan bought a controlling stake in Mitsubishi for $2.3 billion after the smaller automaker admitted to cheating on mileage tests. Mitsubishi and Nissan were studying the possibility of joint production of pickup trucks in Southeast Asia as they looked for savings within the broader Renault-Nissan alliance, Mitsubishi’s chief operating officer said.

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