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Nissan, Mitsubishi deepen cooperation to share resources

12-15-2010 13:59 BJT

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Nissan and Mitsubishi, Japan's No.3 and No.6 automakers, announced on Tuesday they will deepen their operational ties to make better use of their resources. A strong yen is making competition tougher for Japanese automakers.

Under the new agreement, Nissan will provide vans to Mitsubishi Motors for the Japanese market, while Mitsubishi will supply SUVs to Nissan to distribute in the Middle East. Discussions are also underway for the production of Nissan's Navara pickup truck at Mitsubishi's Thai factory. Both presidents said they are not considering a capital tie-up, but add that they will continue to look for avenues of cooperation.

Automakers around the world are actively seeking operational partnerships to save costs by sharing vehicle platforms and components.

Carlos Ghosn, CEO of Nissan Motor said "We are pleased to announce a cooperation agreement that will increase the competitiveness of Nissan and Mitsubishi in Asia and bring greater value to our companies, our stakeholders, and particularly our customers."

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Editor:Xiong Qu |Source: CNTV.CN

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