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Mitsubishi becomes part of Renault-Nissan Alliance

October 21, 2016, 11:19 AM IST by Abhishek Nigam
Mitsubishi becomes part of Renault-Nissan Alliance

It just might be good times ahead for the Japanese brand Mitsubishi as they are all set Carlos Ghosn will now be head of three major car companies. The deal, which makes Nissan the largest shareholder in Mitsubishi, is expected to lead to cost savings and higher profitability as the manufacturers work together, along with Nissan giving strategic and management support to the business.

Mr Ghosn will not be the only Nissan executive taking a role at Mitsubishi. Mitsuhiko Yamashita, Nissan's former R&D chief who joined Mitsubishi earlier this year, Hitoshi Kawaguchi, Nissan sustainability officer and head of global external affairs, and Hiroshi Karube, Nissan global controller and global asset manager, will also take board roles.

Carlos Ghosn also said, ‘Through this transaction, we're sending a clear message we believe in the underlying strength of Japanese car-making."

Ghosn also announced a number of other management changes, effective November 1, to allow him to continue to focus on maintaining Nissan’s momentum in delivering performance.

Tags:Mitsubishi,Renault-Nissan
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