Mitsubishi Motors

History

2024: Mitsubishi is not going to leave the Russian Federation, but will maintain "sleep mode"

Mitsubishi Motors is not going to leave the Russian market. The company plans to return to operations in the country, but the date of such a decision remains open. This was reported on October 23, 2024 by the publication "Auto Mail" with reference to representatives of the Russian authority.

"During the meeting, the company's leaders assured the Russian side that they intend to maintain the current" sleeping "regime of representation, but the company will be able to return to work only after a change in the foreign policy situation between Japan and Russia," they said.

2023: Failing sales and ending China's auto production

Mitsubishi Motors will stop producing cars in China, Nikkei reported in September 2023, after the company suspended operations there indefinitely in July due to unsatisfactory sales.

2021: A sharp rise in car prices in Russia

Comparison of car prices in 2020-2021

2019: Buying a stake in navigation developer Here for $1 billion

On December 20, 2019, Japanese companies NTT and Mitsubishi Motors announced the purchase of a 30th stake in Here. The value of the transaction is not indicated in the press release, but it was announced at a press conference - more than $1 billion. The amount is quoted by the Financial Times, whose reporters attended this conference. Read more here.

2016: Nissan's 34% purchase of Mitsubishi Motors

In 2016, Nissan acquired a 34% stake in Mitsubishi Motors, which became the third full member of the Renault-Nissan Alliance, an automobile association with a total annual sales volume of almost 10 million units.