Nissan, Honda, and Mitsubishi Motors have signed a memorandum of understanding (MOU) to explore Mitsubishi Motors’ potential involvement in the business integration framework already established between Nissan and Honda. This initiative is part of the companies’ response to the rapid transformations in the automotive industry, particularly regarding intelligence and electrification. The collaboration envisions forming a joint holding company to enhance synergy and optimize the strengths of all three automakers.
The discussions follow the MOU signed by Nissan and Honda in August, outlining their strategic partnership aimed at addressing the challenges posed by evolving technologies and environmental demands. Mitsubishi Motors is now participating in these talks to evaluate its role and contributions, with plans to reach a decision by January 2025. Leaders from all three companies have expressed optimism about the potential to create significant value for customers through shared expertise and innovation, emphasizing the importance of this partnership during a pivotal moment for the automotive industry.
Statements from executives Makoto Uchida (Nissan), Toshihiro Mibe (Honda), and Takao Kato (Mitsubishi Motors) highlighted the transformative potential of this collaboration. They underscored its alignment with the industry’s transition and expressed hopes of delivering substantial societal benefits and advancing mobility solutions. Through this partnership, the companies aim to solidify their positions as leaders in the rapidly changing automotive landscape while maximizing mutual synergies and leveraging collective strengths.
