Notices
The Loft / EvoM Car Talk Corner The landing pad for automotive discussions, news, articles, and opinions. A place for the community to kick back and chat.

Nissan takes 34% controlling stake in Mitsubishi

Thread Tools
 
Search this Thread
 
Old May 11, 2016 | 01:09 PM
  #1  
bakuro117's Avatar
Thread Starter
Evolved Member
10 Year Member
Photogenic
Photoriffic
Liked
iTrader: (5)
 
Joined: May 2011
Posts: 1,850
Likes: 36
From: Cynthiana, KY
Nissan takes 34% controlling stake in Mitsubishi

Well this started as a speculation thread on a rumor. But it is now official. Nissan is now the largest shareholder of Mitsubishi Motors holding 34%, spending $2.2 billion dollars in the purchase. They have stated that Mitsubishi will stay its own brand and grow itself again, and they are investing in that regrowth. More on it here: http://jalopnik.com/nissan-will-take...ors-1776219367

Thoughts? Speculations?

-------

Original Post:

Just saw this article:

http://jalopnik.com/nissan-in-talks-...ium=socialflow

I know its Jalopnik... But if there is some truth to this, what are your thoughts on it?
Good or Bad?

Another article posted on Road and Track. Might actually have something to this... http://www.roadandtrack.com/car-cult...er-mitsubishi/

-------

Personally I feel like this could be a good thing. Nissan seems to be doing quite well for themselves lately. Perhaps they would see what once made Mitsubishi great and try to pump some life back into it. Im not entirely a fan of Nissan's styling for the last few years, but surely they would make a point to keep the two styles separated. Im curious if they would be interested in bringing back any of Mitsu's good cars such as the Evo, Eclipse, 3000GT, and so on.

Last edited by bakuro117; May 12, 2016 at 09:05 AM.
Reply
Old May 11, 2016 | 01:11 PM
  #2  
sujinX's Avatar
Evolved Member
iTrader: (22)
 
Joined: Oct 2009
Posts: 1,331
Likes: 8
From: htown
seems good since nissan has great engineering and sales and the only thing mitsu had going for them was the evo.
a good portion of murica wouldnt be caught dead buying a used non evo mits
Reply
Old May 11, 2016 | 01:39 PM
  #3  
phizzalot's Avatar
Evolving Member
iTrader: (3)
 
Joined: May 2007
Posts: 347
Likes: 1
From: North/Central/South Florida
Thats pretty interesting. I can only imagine a 4b11 or 4g63 with a nissan engineered syntronic trans.. But It ill probably never happen.
Reply
Old May 11, 2016 | 05:20 PM
  #4  
Lightsaber's Avatar
Evolved Member
10 Year Member
Liked
Loved
Community Favorite
 
Joined: Jul 2013
Posts: 805
Likes: 110
From: Vancouver, BC
With their 16.5% holding, Toyota (7203) has been running Subaru (7270) incredibly well, magnifying Subaru's strength as a niche car, nerd car, and hoon car automaker, while avoiding much cannibalism between the two brands.

I'm not quite sure if Nissan (7201) were to buy Mitsubishi (7211), they could do a job nearly as fantastic as Toyota.
Reply
Old May 11, 2016 | 08:05 PM
  #5  
RotorGlowGTS's Avatar
Evolving Member
iTrader: (2)
 
Joined: Jan 2012
Posts: 210
Likes: 0
From: Indiana
I think this could be great. Mitsubishi has been seriously lacking on new technology. On top of that their marketing sucks. I think Nissan could really help them out.
Reply
Old May 11, 2016 | 09:14 PM
  #6  
alpinaturbo's Avatar
Evolved Member
15 Year Member
Liked
Loved
Community Favorite
iTrader: (5)
 
Joined: Mar 2007
Posts: 795
Likes: 54
From: California
Nissan is owned by Renault
Nissan has GTR for top
can use Evo for midrange performance flagship
Reply
Old May 11, 2016 | 10:08 PM
  #7  
vr4gasmtt's Avatar
Evolving Member
10 Year Member
iTrader: (1)
 
Joined: Sep 2011
Posts: 182
Likes: 2
From: NW
Would make sense since, Toyota/Subaru(ae86-FRS/BRZ) Nissan/Mitsubishi(Silvia S16/GSX?)

Now all we need is the return of the rx7 so maybe Honda/Mazda team up for that one lol.
Reply
Old May 12, 2016 | 03:48 AM
  #8  
DGS's Avatar
DGS
Evolving Member
 
Joined: Jul 2003
Posts: 365
Likes: 0
From: MidTN
Interesting. But the cars Mitsu were cheating on were the kei cars being rebadged as Nissans.
So would Nissan take over all of Mitsu's models, or only the microcars?

For me, it'd be a good thing, as there aren't any Mitsu dealers within an hour of where I'm moving, but Nissan makes cars in Tennessee.

So ... a US made EVO?
(Would give them a nice price point differential from the GT-R.)
(Compare the 3000GT to the US-built diamond-star Eclipse.)

But Mitsu has been putting their chips on the Outlander, and Nissan already has the Rogue.
So I suspect only the kei cars would be retained.

A Nissan sale might remove Mitsu from the US market completely.
Reply
Old May 12, 2016 | 06:39 AM
  #9  
Kreeker's Avatar
Evolved Member
iTrader: (10)
 
Joined: Apr 2007
Posts: 1,370
Likes: 10
From: ny
Reports of Nissan considering purchase of Mitsubishi shares came in earlier today. In a swift turn of events, it has been confirmed that Nissan has indeed bought shares from Mitsubishi, taking a 34% stake of the automaker valued at $2.2 billion.
http://www.autoindustriya.com/auto-i...hi-motors.html
Reply
Old May 12, 2016 | 07:24 AM
  #10  
nemsin's Avatar
Evolved Member
iTrader: (19)
 
Joined: Feb 2008
Posts: 2,562
Likes: 50
From: PNW
Best thing to ever happen to Mitsubishi.
Reply
Old May 12, 2016 | 07:27 AM
  #11  
GaBe511's Avatar
Evolved Member
15 Year Member
Liked
Loved
iTrader: (12)
 
Joined: Jul 2009
Posts: 618
Likes: 7
From: South Jersey
I'm excited, Nissan still makes cool cars. Maybe they will do something with the EVO platform.
Reply
Old May 12, 2016 | 07:37 AM
  #12  
nemsin's Avatar
Evolved Member
iTrader: (19)
 
Joined: Feb 2008
Posts: 2,562
Likes: 50
From: PNW
It also opens up the Renault lineup to be rebranded for the US market. I would like to see the Clio sport sold here
Reply
Old May 12, 2016 | 09:03 AM
  #13  
bakuro117's Avatar
Thread Starter
Evolved Member
10 Year Member
Photogenic
Photoriffic
Liked
iTrader: (5)
 
Joined: May 2011
Posts: 1,850
Likes: 36
From: Cynthiana, KY
Well there it is. Its official.

http://jalopnik.com/nissan-will-take...ors-1776219367

Adding this to the opening post.
Reply
Old May 12, 2016 | 10:11 AM
  #14  
Noize's Avatar
EvoM Administrator
20 Year Member
Liked
Loved
Community Favorite
iTrader: (24)
 
Joined: Mar 2003
Posts: 8,849
Likes: 138
From: Franklin, TN
Fantastic news!
Reply
Old May 12, 2016 | 10:47 AM
  #15  
Sil'vr-Boi6's Avatar
Evolved Member
15 Year Member
Photogenic
iTrader: (26)
 
Joined: May 2009
Posts: 557
Likes: 5
From: The Mountain
I read the article a few days ago, I think this is great. Hopefully this means a Evo for us in 4-5 years. And finally shut all that crap that the new STi has the best steering feel and that RS BS everybody is raving about.


In addition, I wonder if the value of Evo's will plummet? Is this the best time to sell my evo?
Reply



All times are GMT -7. The time now is 07:40 PM.