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When did Nissan buy Mitsubishi?
I didn’t realize Nissan owned Mitsubishi until I had my Outlander’s oil changed and the mechanic used Nissan-brand oil. I’m just curious, when did Nissan buy Mitsubishi?
Kathryn Mae Kurlychek · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Nissan bought
Mitsubishi
in October of 2016, although its pursuit of the company began earlier that year, in May. That was when Nissan first sought its 34% stake—which was controlling interest for Mitsubishi. Nissan’s acquisition not only made it Mitsubishi’s largest stakeholder—but it also made the smaller Japanese automaker an official member of the “Alliance” (a chartered relationship between French automaker Renault and Nissan).
Prior to becoming another marque under the Renault-Nissan Alliance’s belt (and expanding its already long-winded name to an even longer “Renault-Nissan-Mitsubishi Alliance”), the Mitsubishi Motors company was allied with
Chrysler
. Their partnership began all the way back in the 1970s, shortly after Mitsubishi rebranded from its parent company, Japan Heavy-Industries (later Mitsubishi Heavy Industries). In a post-World War II era, the freshly made Mitsubishi Motors Company sought to forge foreign alliances with well-established auto manufacturers around the world. Therefore, it sold a 15% share to Chrysler—which enabled Mitsubishi to manufacture vehicles for Chrysler to sell on the American market (branded with the “Dodge” marque logo, of course). The partnership between Chrysler and Mitsubishi held strong until the early 1990s, when Chrysler was forced to divest its shares in the Japanese automaker.
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