Recently, according to foreign media sources, Nissan is planning to sell 34% of Mitsubishi Motors’ shares due to the scandals of the previous leader and the global spread of the new coronavirus. As soon as the news came out, the capital market reacted quickly. As of yesterday's close, Nissan Motor's share price rose by 5%. Mitsubishi Motors rose 3%.
In response to this matter, Nissan officials have promptly dispelled the rumors through its social media, and stated that “currently, there is no plan to review the capital relationship with Mitsubishi Motors”. A Mitsubishi spokesperson expressed a consensus and added that the company will continue to cooperate with the alliance. Renault did not immediately respond to this comment.
At the same time, Nissan Motor pointed out that Mitsubishi is working hard to carry out "small and beautiful" structural reforms. Earlier this year, Mitsubishi Motors Corporation announced a three-year strategic plan with the theme "Small and Beautiful", focusing management resources on core regions and core technologies, and its core is consistent with "Nissan NEXT".
In May of this year, the Renault-Nissan-Mitsubishi alliance announced a new strategic plan to follow the plan in various markets around the world to reduce investment in vehicle development. Nissan focuses on the Chinese, North American and Japanese markets; Renault takes over Europe, Russia, South America and North Africa. Market; Mitsubishi covers the ASEAN and Oceania regions. However, the epidemic has exacerbated the complexity of the problem, making it more difficult for car companies to recover. According to the financial report, Mitsubishi Motors sold 351,000 vehicles worldwide in the first half of fiscal year 2020, with sales of 574.9 billion yen and a cumulative loss of 209.8 billion yen. Nissan Motor's net income in the first half of fiscal 2020 was 3.09 trillion yen, and its net loss was 330 billion yen.
This article comes from the author of Autohome and does not represent the viewpoint of Autohome.
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