OREANDA-NEWS. The company Mitsubishi Motors Corporation (MMC) announced that Nissan Motor completed the acquisition of 34% MMC shares for 237 billion Japanese yen, and it became the largest shareholder of MMC.

As noted, due to the investments of Nissan MMC company will become an equal participant, which exists successfully for 17 years, of alliance of companies Nissan and Renault, which opens up opportunities for the company MMC of new interactions in order to improve profitability and profit. Carlos Ghosn, President and CEO of Nissan, was appointed the chairman of the board of directors of company MMC. According to him, the created alliance will be one of the largest automobile alliances in the world, with an annual sales level of 10 million vehicles in 2016 fiscal year.

Based on the experience of 5 years work on compact cars, Nissan and MMC companies will work together on a wide range of joint programs. The Companies identified several areas, in which they will work within the alliance: the union of procurement in order to optimize costs, a deeper localization in worldwide operations, sharing of production facilities, the use of shared automobile platforms, technology sharing, joint work on all types of markets, mutually beneficial use of Nissan financial institutions for the MMC customers worldwide.