Nissan Motor Co., Ltd. and Mitsubishi Motors Corporation 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% equity stake in MMC for 237 billion yen.
Carlos Ghosn reacted to the news on LinkedIn with the following statement:
"Some big news out of Yokohama this morning affecting the Renault-Nissan Alliance. We believe today’s announcement further demonstrates the power of the Alliance approach and is a testament to our ability to partner successfully with like-minded automakers around the globe."
Click here for Carlos Ghosn's LinkedIn statement.
Click here for the official Nissan press release.