Nissan Motor Co., Ltd. (“Nissan”), Honda Motor Co., Ltd. (“Honda”), and Mitsubishi Motors Corporation (“Mitsubishi Motors”) have signed a memorandum of understanding (MOU) to explore the possibility of Mitsubishi Motors’ participation, involvement, and synergy sharing in relation to the business integration through the establishment of a joint holding company outlined in an MOU signed between Nissan and Honda.
Mitsubishi Motors has been participating in this framework, and the three companies have been proceeding with discussions. Marking the announcement, Nissan Director, President, CEO, and Representative Executive Officer Makoto Uchida said: “We anticipate that if this integration comes to fruition, we will be able to deliver even greater value to a wider customer base.”
Honda Director and Representative Executive Officer Toshihiro Mibe said: “Nissan and Honda will start the discussion from today onwards with an aim to clarify the possibility of business integration by around the end of January in line with the consideration of Mitsubishi Motors.” Comment from Mitsubishi Motors Director, Representative Executive Officer, and President and CEO Takao Kato said: “In order to realize synergies and to make the best use of each company’s strengths, we will also study the best form of cooperation.”