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Mitsubishi and Nissan full merger is not an option: chairman

Posted by: Admin | Posted on: April 25th, 2017 | 0 Comments

BEKASI, Indonesia A full merger between Japanese car makers Mitsubishi Motors Corp (MMC) (7211.T) and Nissan Motor Co Ltd (7201.T) is not on the table, Carlos Ghosn, chairman of both firms, said on Tuesday.

“Full merger is not on the table. We want Mitsubishi to reform itself,” said Ghosn, who was attending the opening ceremony of Mitsubishi’s new factory on the outskirts of Jakarta.

He added though that it made sense for Mitsubishi to produce MPV parts for Nissan in Indonesia.

Last year, Nissan bought a controlling stake in MMC for $2.3 billion after the smaller Japanese company admitted to cheating on mileage tests.

(Reporting by Eveline Danubrata; Writing by Fransiska Nangoy; Editing by Muralikumar Anantharaman)

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