Nissan Motor Co., Ltd. (hereinafter “Nissan”), Honda Motor Co., Ltd. (hereinafter “Honda”), and Mitsubishi Motors Corporation (hereinafter “Mitsubishi Motors”) have entered into a memorandum of understanding between Nissan Motor Co., Ltd. and Honda. Mitsubishi Motors Corporation’s participation/involvement and sharing of synergies regarding business integration through the establishment of a joint holding company as described in .
Nissan Motor Co., Ltd., Honda Motor Co., Ltd., and Mitsubishi Motors Corporation will discuss the start of a strategic partnership centered on intelligence and electrification based on the framework set out in the memorandum of understanding signed by Nissan Motor Co., Ltd. and Honda Motor Co., Ltd. on August 1. There was a basic agreement to proceed. Mitsubishi Motors Corporation is also participating in this framework, and the three companies have been proceeding with discussions.
Nissan Motor Co., Ltd. and Honda Motor Co., Ltd. have agreed to begin considering business integration through the establishment of a joint holding company, amid major changes in the environment surrounding both companies and the automobile industry. They agreed to explore the possibility. Level up through participation and involvement in Mitsubishi Motors’ management integration. Mitsubishi Motors aims to reach a conclusion on its participation and involvement in the business integration of Nissan and Honda by the end of January 2025.
Makoto Uchida, director, president, and representative executive officer of Nissan Motor Co., Ltd., said, “Honda and Nissan have begun considering business integration, and we will consider creating significant synergies between the two companies in a wide range of fields. It is significant that Mitsubishi Motors is also participating in these discussions, and we look forward to delivering even greater value to a broader customer base.”
Honda Director and Representative Executive Officer Toshihiro Mibe said, “During this once-in-a-century period of transformation in the automobile industry, we hope that Mitsubishi Motors Corporation’s participation in business integration discussions between Nissan and Honda will lead to further development.” “I am doing so,” he said. Looking ahead to further changes in society, Nissan and Honda aim to become a leading company in creating new value in mobility through business integration, and have begun discussions today to clarify the possibility of business integration by the end of the year. I’m coming. Motor in January in line with Mitsubishi Motors’ consideration. ”
Comment from Takao Kato, Director, Representative Executive Officer, President, and CEO of Mitsubishi Motors Corporation: “At a time of transformation in the automobile industry, considering the business integration of Nissan and Honda will accelerate the maximization of synergies and bring high value to the companies. A collaborative project with Mitsubishi Motors Corporation. We will also consider the optimal form of cooperation to create synergistic effects and maximize the strengths of each company. ”
