Mitsubishi Motors unveils pickup, Kei-car collaboration with Nissan

Takao Kato, Director, Representative Executive Officer, President & CEO, Mitsubishi Motors, holds a joint press conference on their merger talks, in Tokyo, Japan, December 23, 2024. REUTERS/Kim Kyung-Hoon

29 May 2026 12:40PM

TOKYO, May 29 : Mitsubishi Motors will undertake a joint pickup vehicle project with Nissan Motor in North America, the company said on Friday in its new mid-term business plan.In Japan, the two companies will also carry out joint development and production of Kei-class small cars, which can be either gasoline-powered or battery electric vehicles, Mitsubishi said.Mitsubishi aims to invest about 1 trillion yen ($6.28 billion) to achieve a 160 billion yen operating profit on 4.5 per cent operating margin and 10 per cent return on equity in fiscal year 2029, the company said in its presentation slides.($1 = 159.3500 yen)

Source: Reuters