Nissan Motor Co. Ltd., and Mitsubishi Motors Corporation have officially announced that an agreement has been signed by the two companies to form a strategic alliance. As part of the agreement, Nissan will be acquiring a 34 per cent equity stake in Mitsubishi Motors Corporation for a sum of 237 billion Yen. According to the terms of the agreement, Nissan will become the largest shareholder of Mitsubishi Motors Corporation.
Both companies are agreeing to co-operate across different verticals like purchasing, common vehicle platforms,...
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Updated Date: May 12, 2016 23:38:05 IST