Jump to content
News
Reviews
Discussons
Activity
Create New...
Close
  • William Maley
    William Maley

    By William Maley •

    Rumorpile: Nissan To Buy A 30 Percent Stake Into Mitsubishi Motors - UPDATED

      From left field: Nissan is purported to take a controlling stake in Mitsubishi Motors

    We weren't expecting this: Nissan, the automaker who discovered the manipulation of fuel economy figures at Mitsubishi Motors, is currently in the final stages of buying a controlling stake into the company.

     

    According to reports from NHK and the Nikkei Asian Review, Nissan will spend roughly 200 billion Yen (about $1.8 billion) to acquire over 30 percent interest in Mitsubishi Motors. This would make Nissan the largest shareholder in the company, surpassing Mitsubishi Heavy Industries, which currently has a 20 percent stake.

     

    This news comes after Mitsubishi announced that all of its models sold in Japan since 1991 may have inflated fuel economy numbers. Since the scandal came to light, shares in Mitsubishi Motors have dropped 43 percent. Sales of Mitsubishi vehicles in Japan have also taken a turn for the worse. Mitsubishi Motors says they have enough money to cover the scandal and will not seek help from Mitsubishi group companies.

     

    Why would Nissan want a controlling stake in Mitsubishi? A couple of reasons. One, Mitsubishi vehicles are very popular in markets such as Thailand and Indonesia. In fact, Asia makes 50 percent of the company's group operating profit. There is also talk about the two cooperating on electric vehicles.

     

    Both companies will hold board meetings tomorrow to discuss the capital tie-up and how the shares will be distributed.

     

    Source: Bloomberg, NHK, Nikkei Asian Review

     

    UPDATE: Both Mitsubishi and Nissan confirmed they are in talks this morning in Japan.

     

    "Nissan and Mitsubishi are discussing various matters including capital cooperation, but nothing has been decided," according to statements released by both companies.

     

    Reuters confirms that the board of both companies will be holding separate meetings today to discuss this issue.

     

    Source: Reuters

    Go to articles

    User Feedback

    Recommended Comments

    Robert Hall

    Not sure what is left of Mitsubishi to be of value...their car platforms are dated and redundant w/ Nissan platforms.

     

    maybe their heavy trucks (is that included in this?)...though Nissan has it's own heavy truck division.   (Edit: the heavy truck company (Mitsubishi Fuso) is separate and majority owned by Daimler..so not part of this deal presumably).  

    Edited by Cubical-aka-Moltar
    Link to comment
    Share on other sites
    Drew Dowdell

    Not sure what is left of Mitsubishi to be of value...maybe their heavy trucks (is that included in this?)...though Nissan has it's own heavy truck division.  Their car platforms are dated and redundant w/ Nissan platforms.

     

    Access to markets that are currently limited for Nissan.  Platform sharing.

     

    I bet Mitsubishi pulls out of the US in the very near future to focus on Asian markets like Suzuki and Daihatsu did.

    • Agree 2
    Link to comment
    Share on other sites
    William Maley

    Not sure what is left of Mitsubishi to be of value...maybe their heavy trucks (is that included in this?)...though Nissan has it's own heavy truck division.  Their car platforms are dated and redundant w/ Nissan platforms.

     

    I think so, but I'll double check.

     

    Edit: It looks like it is jointly owned by Diamler and Mitsubishi. 

    Link to comment
    Share on other sites
    surreal1272

    So Nissan busted mistubishi on their fuel issues and then buys thirty percent of them. Does that not sound fishy to anyone else, i.e. stock manipulation?

    Edited by surreal1272
    • Agree 2
    Link to comment
    Share on other sites
    Cmicasa the Great

     

    Not sure what is left of Mitsubishi to be of value...maybe their heavy trucks (is that included in this?)...though Nissan has it's own heavy truck division.  Their car platforms are dated and redundant w/ Nissan platforms.

     

    Access to markets that are currently limited for Nissan.  Platform sharing.

     

    I bet Mitsubishi pulls out of the US in the very near future to focus on Asian markets like Suzuki and Daihatsu did.

     

     

     

     

    ^^^ This. The Mitsu name is all but $h! here in the U.S. with exception to the EVO lovers, but that car is done. Nissan just gained entry into a bunch of markets it has failed to penetrate even with the might of Renault/Nissan behind it. This would effectively.. if the numbers are all inclusive put Renault/Nissan in the 9-10 Million sales annual. My only question is whether Mitsu will be building cars for the revived Datsun?

    Link to comment
    Share on other sites
    William Maley

    So Nissan busted mistubishi on their fuel issues and then buys thirty percent of them. Does that not sound fishy to anyone else, i.e. stock manipulation?

     

    No. This morning at a press conference, Mitsubishi Motors chairman Osamu Masuko said a takeover was going to happen sooner or later.

    Plus, Mitsubishi already had a connection with Nissan concerning kei cars in Japan and they were in talks about extending this partnership. 

    Link to comment
    Share on other sites
    surreal1272

     

    So Nissan busted mistubishi on their fuel issues and then buys thirty percent of them. Does that not sound fishy to anyone else, i.e. stock manipulation?

     

    No. This morning at a press conference, Mitsubishi Motors chairman Osamu Masuko said a takeover was going to happen sooner or later.

    Plus, Mitsubishi already had a connection with Nissan concerning kei cars in Japan and they were in talks about extending this partnership. 

     

    Whether they intended to sell or not is not my issue. I understand that completely. However, hat doesn't mean that Nissan wasn't looking to get a better deal. Letting the fuel controversy slip out prior to the buyout seems to lend some credence to it but maybe I'm just wearing my tinfoil hat a little too tight in regards to this.

    • Agree 1
    Link to comment
    Share on other sites
    Suaviloquent

    They way it happened apparently is that Nissan wanted to either provide more input or take over some of the design burden of the new vehicles that Mitsu built for them under the previous partnership. They could not get the same FE numbers....and then everything happened...

    Link to comment
    Share on other sites
    ccap41

    So Nissan busted mistubishi on their fuel issues and then buys thirty percent of them. Does that not sound fishy to anyone else, i.e. stock manipulation?

    DUDE!

     

    That was the first thing that I thought of too! Release a story to make their stock plummet and then buy it up when it's dirt cheap.

     

     

    So Nissan busted mistubishi on their fuel issues and then buys thirty percent of them. Does that not sound fishy to anyone else, i.e. stock manipulation?

     

    No. This morning at a press conference, Mitsubishi Motors chairman Osamu Masuko said a takeover was going to happen sooner or later.

    Plus, Mitsubishi already had a connection with Nissan concerning kei cars in Japan and they were in talks about extending this partnership. 

     

    Whether they intended to sell or not is not my issue. I understand that completely. However, hat doesn't mean that Nissan wasn't looking to get a better deal. Letting the fuel controversy slip out prior to the buyout seems to lend some credence to it but maybe I'm just wearing my tinfoil hat a little too tight in regards to this.

     

    +111111111

     

    I just got fitted for a new tinfoil hat this week so I know mine is fitting perfect but I just can't seem to take it off..  :tinfoil:

    • Agree 2
    Link to comment
    Share on other sites


    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.

    ×

  • google-news-icon.png



  • google-news-icon.png

  • Subscribe to Cheers & Gears

    Cheers and Gears Logo

    Since 2001 we've brought you real content and honest opinions, not AI-generated stuff with no feeling or opinions influenced by the manufacturers.

    Please consider subscribing. Subscriptions can be as little as $1.75 a month, and a paid subscription drops most ads.*
     

    You can view subscription options here.

    *a very limited number of ads contain special coupon deals for our members and will show

  • Similar Content

  • Posts

    • G. David Felt
      Random Thoughts Thread

      By G. David Felt · Posted

      Those that cannot accept a multi-cultural world and immigration deserve to lose everything. I will stay professional, but believe that our North American Economy is about to get far worse over the long term than it is now. It is amazing how people do not seem to realize that the first two years of a new president is dealing with the ramifications of the last president. The high inflation was due to the failed policies of those before. We now have low unemployment and a strong economy. Will be interesting to see how it ends.
    • oldshurst442
      Random Thoughts Thread

      By oldshurst442 · Posted

      I say, let it get worse.  The people have spoken and this is what the MAJORITY voted for.  He even got the popular vote.  Therefore the people of America have spoken.   This is what they want.  This is what they feel comfortable with.   But I dont want to hear ANY whining from ANYBODY about what possibly may happen with him Him in power.  Fool me once,  shame on you!  Fool me twice, shame on me?   Technically this is how that saying goes.  But you never know. Maybe it really IS the lefty libtards that are the problem.   Hopefully it IS the lefty libtards that are the problem and the Messiah Trump will BE the solution to ALL of our problems.   I will be the first one to apologize if He actually does fix America's and Canada's problems.  And unite ALL of the world and the world gets to sing Kumbaya ALL in unison. Hopefully He is the next coming of Christ.   Keeping my fingers crossed but I aint holding my breath if you know what I mean.   
    • G. David Felt
      Random Thoughts Thread

      By G. David Felt · Posted

      @oldshurst442 This pretty much sums up just how bad it is going to get. Trump's economic plans would worsen inflation, experts say | AP News
    • oldshurst442
      Random Thoughts Thread

      By oldshurst442 · Posted

      Not just iPhones... He tariffed Canadian wood the first time around as Pres and the prices of wood skyrocketed so American home builders bought American wood which was and is more expensive than Canadian wood.  I guess that is good for American wood producers. But for the fact that house prices also skyrocketed.  And considering that Canada and US have a more or less good trading thing going on...so not that good.  Not for the US and not good for Canada.  But Donald thinks otherwise. And all the folk that voted for him this time around think that the economy will get better?  I hope so for their sake. But Elon and Jeff B's billions rose quite a bit upon the announcement of his re-election.  I wonder if those  people that voted for him, I wonder if their wealth also rose instantly?    You poor bastards... You have no idea what is coming to you... (those that voted for him.  With the excemption of the rich of course)     Donnie Rides Again
    • oldshurst442
      Airplanes

      By oldshurst442 · Posted

  • Who's Online (See full list)

    • There are no registered users currently online

  • My Clubs

×
×
  • Create New...

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

I've whitelisted
Continue without support

Write what you are looking for and press enter or click the search icon to begin your search