Nissan Motor Co. is seeking a 33 per cent stake in Mitsubishi Motors Corp,

[csv8]

"Nissan Motor Co. is seeking a 33 per cent stake in Mitsubishi Motors Corp, which has been battered by a scandal over falsified fuel-economy ratings, said people familiar with the matter.

The talks are in preliminary stages, and other companies -- including Beijing-based BAIC Motor Corp. -- are also examining the possibility of buying a stake in the troubled Japanese automaker, said one of the people, who asked not to be identified because the talks are private.


For 25 year they've been falsifying fuel data.

Japanese broadcaster NHK and others indicate that the negotiations are further along. Mitsubishi will probably issue new new shares to sell to Nissan in a private placement, Nikkei reported, adding that the automakers are expected to hold board meetings on Thursday to decide on the tie-up. David Reuter, a spokesman for Nissan in the US, declined to comment. Alex Fedorak, spokesman with Mitsubishi Motors North America, didn't immediately respond to requests for comment.

"There is a logic to Mitsubishi Motors needing a partner, since they clearly don't have the engineering resources to be a player in a world where technology is moving so quickly," said Maryann Keller, an independent auto analyst in Stamford, Connecticut. "They've always been an also-ran in major markets like the US. But they actually have a decent business in Southeast Asia, so they have some attractive assets."

Mitsubishi, which admitted last month to cheating on the ratings, said on Wednesday that nine more models including a sport utility vehicle may not have been properly tested as the scandal spreads beyond the initial batch of minicars. Orders for Mitsubishi vehicles in Japan have plunged after the company first revealed it had overstated the fuel economy of its minicars by as much as 10 per cent. The scandal has also affected Nissan, which sold two of the minicar models under a partnership agreement." http://www.brisbanetimes.com.au/busi...11-got229.html

[Nikked]

Sigma GT-R.

[DJM83]

VR38DETT Evo 11

[mik]

Given the world economy`s state that is balancing on a knifes edge at this time, and looking decidedly shaky, i dont know that id be buying more shares in another auto company.......even if they are dirt cheap.

[Trump]

A steak dinner they want the IP Mitsu owns.

[IanC]

Isn't Nissan owned by Renault? Things seem to be getting a bit incestuous in the motor industry.

[danzvtil]

Originally Posted by IanC

Isn't Nissan owned by Renault? Things seem to be getting a bit incestuous in the motor industry.

Considering the original talks between Renaultnissan and Mitsubishi to share platforms for the new lancer broke down, this could see it reinstated.....

[mik]

Originally Posted by IanC

Isn't Nissan owned by Renault? Things seem to be getting a bit incestuous in the motor industry.

doesnt renault own mack trucks as well or part of as well ???

[csv8]

"Next-generation versions of the big-selling Nissan Navara and Mitsubishi Triton utes will likely share a common platform, Nissan CEO and chairman Carlos Ghosn has confirmed.

Ghosn spoke with media including CarAdvice today about broad strategies once Nissan’s planned 34 per cent controlling buy-in to the Mitsubishi Motors Corporation (MMC) is operational.

He said the next-generation Navara and Triton would be developed separately but likely share architecture as a starting point. This is the same basic relationship as that between the stylistically very different Ford Ranger and Mazda BT-50.

“[It’s] very possible that we are going to use the same platform, but we’re going to develop the cars differently because the customers are not the same,” he said.


“But instead of two different platforms we can have them on the same platform but be completely different products. The cost of development and purchasing will be lower. A common platform, but different developments.”

This suggests that Mitsubishi and Nissan will use the same platform — whether it’ll be co-developed, or Nissan-developed and licensed to MMC remains to be seen — but design the cars independently. Powertrain sharing details are less clear.

Given new versions of the NP300 Navara and Triton launched just last year, the next-generation platform-sharing versions are years away anyhow. We won’t see them until well beyond 2020, given current development rates.

Nissan is already big on sharing its NP300 Navara architecture, with Alliance partner Renault and global collaborator Mercedes-Benz both poised to spin-off their own re-bodied ute versions of the NP300.



Reflecting the cost-effective, development-sharing nature of the ute business, MMC also licenses the Triton to Fiat Chrysler in South America, where the Fiat brand sells a repackaged Triton called the Fiat Fullback.

As reported, Nissan announced a bid this week to take a controlling stake in Mitsubishi Motors of 34 per cent, costing it about $2.9 billion. The deal will see Mitsubishi brought into the Ghosn-led Nissan-Renault Alliance, which also includes a partnership with Daimler.

One of the key benefits of the deal, which is in the Memorandum of Understanding phase, is the sharing of platforms between the companies, cutting costs through greater scale and shared research, purchasing and even manufacturing expenses."
http://www.caradvice.com.au/443777/n...t-generations/