Japan: Nissan, Mitsubishi sign mini-car JV contract

Nissan and Mitsubishi are proceeding with previously announced plans for a mini-car joint venture. The two companies have signed an official contract regarding the establishment of the new, equal-parts joint venture in Japan. The new company will be capitalised at ¥10m (US$122,420). Junichi Endo will serve as chief executive, with Shinichi Subscribe to Automotive World … Continued

• By Webmaster
• May 20, 2011