A complete merger of Japanese automakers Mitsubishi Motors and Nissan Motor is not on the table, Carlos Ghosn, chairman of both companies, said on Tuesday.
“Complete merger is not on the table. We want Mitsubishi to reform itself,” stated Ghosn, who was attending the opening ceremony of a new Mitsubishi factory on the outskirts of Jakarta, Indonesia.
He also stated it was most likely for Mitsubishi and Nissan to cross-manufacture in areas where it makes good sense.
In 2016, Nissan purchased a controlling stake in Mitsubishi for $2.3 billion after the smaller automaker confessed to cheating on mileage tests.
Mitsubishi and Nissan were studying joint production of pickup in Southeast Asia as they searched for savings within the wider Renault-Nissan alliance, Mitsubishi’s chief operating officer informed Reuters in March.
Ghosn is chairman of Renault as well.
On the other hand, Mitsubishi President Osamu Masuko stated he approximated Mitsubishi would have a 10 percent share of Indonesia’s auto market in three years, from 6 percent at present.
This year, he stated he anticipated an almost 40 percent sales boost in Indonesia, assisted by sales of multi-purpose vehicles.