Nissan strengthens Alliance with acquisition of 34% stake in Mitsubishi Motors
YOKOHAMA, Japan (Oct. 20, 2016) – Nissan Motor Co., Ltd., ("Nissan") today completed its acquisition of a 34 percent equity stake in Mitsubishi Motors ("MMC") and became its largest shareholder. MMC will also become part of the global Alliance with Nissan and Renault. 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. Pictured is Nissan Chairman and Chief Executive Officer Carlos Ghosn.