Mitsubishi Motors headquarters in Tokyo. — Reuters
JAKARTA: A full merger of Japanese car makers Mitsubishi Motors Corp and Nissan Motor Co Ltd is not on the table, Carlos Ghosn, chairman of both firms, said today.
"Full merger is not on the table. We want Mitsubishi to reform itself," said Ghosn, who was attending the opening ceremony of a new Mitsubishi factory on the outskirts of Jakarta.
He also said it was likely for Mitsubishi and Nissan to cross-manufacture in areas where it makes sense.
Last year, Nissan bought a controlling stake in Mitsubishi for US$2.3 billion after the smaller automaker admitted to cheating on mileage tests.
Mitsubishi and Nissan were studying joint production of pickup trucks in Southeast Asia as they looked for savings within the broader Renault-Nissan alliance, Mitsubishi's chief operating officer told Reuters in March.
Ghosn is also chairman of Renault.
