In mid-May, Nissan and Mitsubishi announced the official establishment of a 50:50 joint venture related to the automakers' minicars that are sold exclusively in Japan. The establishment of the minicar JV builds upon an agreement signed in December of 2010 that expanded the scope of cooperation between the two automakers.
On Friday, Nissan and Mitsubishi announced the official establishment of a 50:50 joint venture related to their minicars sold in the Japanese market. The establishment of this joint venture builds upon an earlier agreement, signed in December of 2010, to expand the scope of cooperation between the two automakers.
Following reports that Mitsubishi Motors Corporation (MMC) will open a new, efficient global small car plant in Thailand, other reports that MMC and Nissan are talking about a 50-50 joint company in 2011 are a lot more interesting. Automotive News (sub. req.) is reporting that the two Japanese automakers could bring a small car to market together in 2012 and – and here's where it gets good – they might also work together on electric vehicles. Mitsubishi has been making the Mitsubish