Nissan Motor Co. has decided to maintain its stake in Mitsubishi Motors Corp. after the end of a lockup period that restricted the sale of its shares, according to reports. The lockup period, which began when Nissan acquired a 34% stake in Mitsubishi Motors in 2016, recently expired.
Nissan's decision to retain its stake suggests continued commitment to the alliance with Mitsubishi Motors, which has been a key part of the Renault-Nissan-Mitsubishi alliance. The alliance allows the companies to share platforms, technology, and production costs.
Mitsubishi Motors has been working to recover from a fuel economy scandal that surfaced in 2016, which led to Nissan's initial investment. The company has since focused on cost reductions and new model launches.
Nissan has not made an official announcement regarding its stake, but sources indicate that the company sees strategic value in the partnership. The alliance is expected to continue collaborating on electric vehicles and autonomous driving technologies.
