Mitsubishi’s in trouble, and it might be Nissan that finally kills it off. The news just broke that Nissan is taking a 34 percent controlling stake in Mitsubishi. Toward the end of the month, Nissan will name four directors to the other company’s board.
It’s ironic, considering that Nissan was the one who originally reported the Mitsubishi fuel economy cheat. That’s what touched off this downward spiral. To be fair, Mitsubishi Motors has been in trouble for a long time. Still, you can’t help but wonder if Nissan had this whole thing planned out.
If you’re wondering about the future of Mitsubishi, everyone is. Reuters says the two automakers will pool resources for R&D, purchasing and even manufacturing. In other words, Mitsubishi as we know it could be done for.
You might think this is a lopsided deal, that Nissan is taking on a huge drag with Mitsubishi. The fact is Mitsubishi is a popular brand in Southeast Asia, somewhere Nissan has been sucking it up for a while. In other words, this could actually be a boom for both automakers.
Cash was one of the reasons for the departure of the Evolution, so there could be a slim chance everyone’s favorite rally fighter makes a comeback, thanks to Nissan. But that’s speculation right now, mixed with hopeful thoughts.