TOKYO - An agreement between the two Japanese automakers, Nissan and Mitsubishi. Both agreed to expand their cooperation in the minicar segment.
Nissan announced it had reached an agreement with Mitsubishi. This commitment Following an initial agreement was signed in December last year.
"The formation of the joint venture is part of the agreement signed in December 2010. untik agreement also expands the scope of cooperation between the two companies and strengthen their competitiveness in the small car business through a joint venture," said by Nissan.
Nissan predicts some time ago that the small car segment will menenmbus half of world market share in the near future. Regardless of the size of that growth, in 2010 and then selling minicar in Japan is good enough and Nissan contributed 20 percent of all sales.
New minicar will be produced by Mitsubishi from 2013. With a model that is more likely to follow after the first product capable of being hit in the market. Meanwhile. more details on this joint product will be reported next month.
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