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Mitsubishi Motors Won’t Join Honda, Nissan Tie-Up: Yomiuri
- Smaller carmaker had signed preliminary agreement in December
- Honda, Nissan set to announce negotiation framework this month
Mitsubishi Motors, which is 24.5% owned by Nissan, signed a preliminary agreement to explore joining the deal with Honda, saying it expects to firm up the decision, also by the end of January.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
Mitsubishi Motors Corp. won’t be a part of Honda Motor Co. and Nissan Motor Co.’s plans to combine their companies under a holding company, the Yomiuri reported.
The smaller carmaker, which is partly owned by Nissan, will instead focus on strengthening its market share in Southeast Asia, according to the newspaper.