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Nissan completes 34% stake in Mitsubishi Motors; Mitsubishi joins Renault-Nissan Alliance

Green Car Congress

Nissan Motor Co., has completed an acquisition of a 34% equity stake in Mitsubishi Motors (MMC) ( earlier post ) and has become its largest shareholder. With the addition of MMC, the Alliance will be in the world’s top three automotive groups by global volumes, with sales of 10 million units in fiscal year 2016.

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Nissan taking 34% stake in Mitsubishi Motors for $2.17 billion; expanding the Alliance model at a good discount

Green Car Congress

Following an MMC share issue, Nissan Motor will take a 34% equity stake in Mitsubishi Motors Corporation (MMC) for ¥237 billion (US$2.17 Nissan was the one which first brought the discrepancies in minicar testing to light; MMC produces minicar models for Nissan in Japan. Earlier post.).

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Mitsubishi Motors to supply 635 Outlander PHEVs to National Police of Ukraine

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Mitsubishi Motors Corporation (MMC) announced that through its local importer and distributor MMC Ukraine, MMC will supply the National Police of Ukraine with 635 units of the Outlander PHEV. Mitsubishi has extensively revised the Outlander PHEV for 2017. These vehicles are to be delivered around July 2017.

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Renault-Nissan Alliance delivers significant growth in 2016; cumulative EV sales hit nearly 425,000

Green Car Congress

The Renault-Nissan Alliance delivered significant sales growth in 2016, with global sales of 9.96 million vehicles—including Mitsubishi Motors sales of 934,013 vehicles globally. Mitsubishi Motors joined the Alliance last fall with Nissan’s acquisition of a 34% equity stake in the company. Nissan Motor Co.

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Renault, Nissan, Mitsubishi 6-year plan sees 12 pure EV models launched on common platforms, 40 models with autonomous drive

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The Alliance of Renault, Nissan and Mitsubishi announced their six-year plan—Alliance 2022—which sets a new target to double annual synergies to €10 billion by the end of the plan. This year, Renault, Nissan and Mitsubishi Motors became the world’s largest automotive group by sales volume.

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Mitsubishi Electric showcases EMIRAI 3 xDAS assisted-driving concept car at CES

Green Car Congress

Mitsubishi Electric Automotive America introduced its EMIRAI 3 xDAS concept car at CES 2016 this week. Mitsubishi is experimenting with a “three-finger twist” on the center console panel to pull up controls for simplified adjustment of air temperature and music volume. Display items can be changed according to user preferences.

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Auto Alliance urges EPA to withdraw premature Final Determination on light-duty GHG regulations, resume Midterm Evaluation process with NHTSA

Green Car Congress

The Auto Alliance has sent a letter to EPA Administrator Scott Pruitt requesting that the US Environmental Protection Agency withdraw the Final Determination on the Appropriateness of the Model Year 2022-2025 Light-Duty Vehicle Greenhouse Gas Emissions Standards under the Midterm Evaluation which EPA announced on 13 January 2017. Background.

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