Mitsubishi Motors executive underlines significance of alliance with Nissan, Renault

A top executive at Mitsubishi Motors stated on Tuesday that the days of a single automaker being able to make new technologies on its own were going away, stressing the importance of its alliance with Nissan Motor and Renault.

Mitsuhiko Yamashita, an executive vice president at Mitsubishi Motors who used to serve as Nissan’s top engineer, stated the three-way partnership will continue to source more auto components together, while leveraging their ties to develop technologies.

He was discussing with reporters at a company event in Okazaki, central Japan.

Yamashita’s comments come a day following Mitsubishi Motors’ removal of Carlos Ghosn as chairman, after his arrest and elimination from Nissan last week for alleged financial misconduct.