Rumorpile: Nissan To Buy A 30 Percent Stake Into Mitsubishi Motors - UPDATED

Well, when their stock took that much of a tumble, we know that someone would come in to buy it all up.

What are you up to Ghosn?

Too bad Mazda could not merge with them into one company.

What are you up to Ghosn?

Aside from world domination?

Not sure what is left of Mitsubishi to be of value...their car platforms are dated and redundant w/ Nissan platforms.

maybe their heavy trucks (is that included in this?)...though Nissan has it's own heavy truck division.   (Edit: the heavy truck company (Mitsubishi Fuso) is separate and majority owned by Daimler..so not part of this deal presumably).  

Not sure what is left of Mitsubishi to be of value...maybe their heavy trucks (is that included in this?)...though Nissan has it's own heavy truck division.  Their car platforms are dated and redundant w/ Nissan platforms.

Access to markets that are currently limited for Nissan.  Platform sharing.

I bet Mitsubishi pulls out of the US in the very near future to focus on Asian markets like Suzuki and Daihatsu did.

Not sure what is left of Mitsubishi to be of value...maybe their heavy trucks (is that included in this?)...though Nissan has it's own heavy truck division.  Their car platforms are dated and redundant w/ Nissan platforms.

I think so, but I'll double check.

Edit: It looks like it is jointly owned by Diamler and Mitsubishi. 

BTW, the story has been updated with a statement from both automakers.

So Nissan busted mistubishi on their fuel issues and then buys thirty percent of them. Does that not sound fishy to anyone else, i.e. stock manipulation?

 

Not sure what is left of Mitsubishi to be of value...maybe their heavy trucks (is that included in this?)...though Nissan has it's own heavy truck division.  Their car platforms are dated and redundant w/ Nissan platforms.

 

Access to markets that are currently limited for Nissan.  Platform sharing.

 

I bet Mitsubishi pulls out of the US in the very near future to focus on Asian markets like Suzuki and Daihatsu did.

 

^^^ This. The Mitsu name is all but $h! here in the U.S. with exception to the EVO lovers, but that car is done. Nissan just gained entry into a bunch of markets it has failed to penetrate even with the might of Renault/Nissan behind it. This would effectively.. if the numbers are all inclusive put Renault/Nissan in the 9-10 Million sales annual. My only question is whether Mitsu will be building cars for the revived Datsun?

So Nissan busted mistubishi on their fuel issues and then buys thirty percent of them. Does that not sound fishy to anyone else, i.e. stock manipulation?

No. This morning at a press conference, Mitsubishi Motors chairman Osamu Masuko said a takeover was going to happen sooner or later.

Plus, Mitsubishi already had a connection with Nissan concerning kei cars in Japan and they were in talks about extending this partnership. 

 

So Nissan busted mistubishi on their fuel issues and then buys thirty percent of them. Does that not sound fishy to anyone else, i.e. stock manipulation?

 

No. This morning at a press conference, Mitsubishi Motors chairman Osamu Masuko said a takeover was going to happen sooner or later.

Plus, Mitsubishi already had a connection with Nissan concerning kei cars in Japan and they were in talks about extending this partnership. 

 

Whether they intended to sell or not is not my issue. I understand that completely. However, hat doesn't mean that Nissan wasn't looking to get a better deal. Letting the fuel controversy slip out prior to the buyout seems to lend some credence to it but maybe I'm just wearing my tinfoil hat a little too tight in regards to this.

They way it happened apparently is that Nissan wanted to either provide more input or take over some of the design burden of the new vehicles that Mitsu built for them under the previous partnership. They could not get the same FE numbers....and then everything happened...

So Nissan busted mistubishi on their fuel issues and then buys thirty percent of them. Does that not sound fishy to anyone else, i.e. stock manipulation?

DUDE!

That was the first thing that I thought of too! Release a story to make their stock plummet and then buy it up when it's dirt cheap.

 

 

So Nissan busted mistubishi on their fuel issues and then buys thirty percent of them. Does that not sound fishy to anyone else, i.e. stock manipulation?

 

No. This morning at a press conference, Mitsubishi Motors chairman Osamu Masuko said a takeover was going to happen sooner or later.

Plus, Mitsubishi already had a connection with Nissan concerning kei cars in Japan and they were in talks about extending this partnership. 

 

Whether they intended to sell or not is not my issue. I understand that completely. However, hat doesn't mean that Nissan wasn't looking to get a better deal. Letting the fuel controversy slip out prior to the buyout seems to lend some credence to it but maybe I'm just wearing my tinfoil hat a little too tight in regards to this.

 

+111111111

I just got fitted for a new tinfoil hat this week so I know mine is fitting perfect but I just can't seem to take it off..