Mitsubishi Motors to join Honda-Nissan alliance, Nikkei reports
https://asia.nikkei.com/Business/Automobiles/Mitsubishi-Motors-to-join-Honda-Nissan-allianceTOKYO : Japan's Mitsubishi Motors is set to join an alliance between Honda Motor and Nissan Motor, creating an auto group with combined sales of more than 8 million vehicles, the Nikkei business daily said on Sunday.
Honda and Nissan are the second and third largest automakers in Japan, respectively, with global sales of 4.1 million and 3.44 million units in the fiscal year ending March 2024. When Mitsubishi Motors' 810,000 units are added, the group will have sales of 8.35 million vehicles.
Toyota, the largest automaker, has been making alliances in Japan. It has formed a tie-up with Daihatsu, Suzuki, Subaru, Mazda and Hino Motors, bringing the five automakers' combined sales volume to 16 million units.