Jump to content
Create New...
  • William Maley
    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

    User Feedback

    Recommended Comments

    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

    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

    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

    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

     

    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

    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

     

    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

    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

    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

    • Not Overthinking is a good thing this year with all the craziness going on. Washington just raised their gas tax 6 cents per gallon, so 55 cents for WA tax and 18.4 for Fed tax, so a 73.4 cents in fuel tax on top of the gas price. On average 40 to 45 cents per gallon cheaper at Costco/Sams Club here. Worth waiting in line unless I have a dollar discount at Fred Meyers which I get about once a month. Makes it worth fueling up at their slow pumps to save $32 on a tank full. Like you Drew, not renewing Sams Club, just not seeing the value in comparison to Costco here. Sadly Dell has done a RTO for full campuses, Hybrid for all others. As such, I now have to go into work 3 days a week. Lucky our Light Rail just opened up, so rather than 1 to 1 1/2 hrs in my own auto to drive into Seattle. I can drive 5 min to the Lynnwood rail station, jump on the train and be 4 blocks from the office 35 min later. Seattle requires all businesses to provide mass transit passes, good on the busses, trains or ferry system. Looking at fueling up every 4 to 5 weeks now for my Escalade.
    • I have a Costco on one side of me in a shopping center I'm always in and a Sam's on the other side of me in another area I'm always in. I have both memberships, though the Sam's is not getting renewed when it's up.  Both are within 7 minutes of the house. I have my favorite stations marked in GasBuddy and the cheapest prices in the county are those two plus a Speedway that sometimes gives me bonus discounts that is near one of my clients. I probably put way too much effort into figuring out which is the cheapest because I compare the E85 price to the others but have to factor the drop in MPG and the cashback rebates my Costco credit card gives me. There is a spreadsheet on my phone. I'm making a concerted effort to not overthink things this year.
    • It's cheaper here, too, but not THAT significant. It's more like 8c-15c. I also have to be around one. My town of 10k people does not have a Sam's Club or Costco, hahaha.  I will almost always fill up when I'm near a Sam's Club, but I'm not waiting in line for 15 minutes. 
    • Site search here does suck and there's not a lot I can do about it.   Using "site:cheersandgears.com {search terms}" in google might help. At least for me, there is a 35c - 45c difference to fuel at not-Costco/Sams.  Filling a 27 gallon tank makes it worth the wait to fill at a warehouse club.  Once in a while I get Speedway deals and can fill up with E85 for super cheap.
    • I've done it and showed @G. David Felt in the past (posted here). I've tried finding the video but have had no luck. If you have super hero powers as an admin/site owner, please find it! I'll try and remember to do it again the next time I get gas.  There are places to wait in lines around here but those are the exception to the rule, not the rule. From my house, I could drive the two blocks away, fill up, and get back home in under 10 minutes. There are never lines in town and it takes no time to start pumping using a credit card.  Or I could find a Sam's Club and wait 5-15 minutes in line before pumping gas, but they're the only places you're waiting in line and it isn't every time. I've certainly gotten gas at a Sam's Club and not waited in line.  Yes, a heat pump would be necessary here for battery efficiency for at least a third of the year. 
  • 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

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