|Companies also join forces on delivery for increased synergies|
TOKYO, Apr 24, 2018 - (JCN Newswire) - Nissan Motor Co., Ltd. and Mitsubishi Motors Corp. will jointly use a spare parts warehouse near Tokyo and share a regional delivery network as they work together more closely to reduce costs.
The companies will both use Nissan's Sagamihara Parts Center, about 30 kilometers southwest of Tokyo, beginning in October this year. They also plan to share the warehouse's delivery network in the Kanto region, which includes the Tokyo metropolitan area.
Sagamihara Parts Center
The plan is part of a convergence of aftersales functions led by the Renault-Nissan-Mitsubishi partnership, which Mitsubishi joined in October 2016. Nissan and Mitsubishi expect the joint operations to reduce costs through synergies such as more effective use of vacant storage space and increased efficiency in transportation.
Under the plan, more than 30,000 spare parts and accessories for Mitsubishi customers will be stored at the Sagamihara center and some will be shipped jointly with Nissan spare parts. Mitsubishi doesn't currently own a large-scale spare parts warehouse in the Kanto region. By reducing lead times between orders and deliveries, the companies aim to improve customer satisfaction with Mitsubishi aftersales in the region.
About Nissan Motor Co., Ltd.
Nissan is a global full-line vehicle manufacturer that sells more than 60 models under the Nissan, INFINITI and Datsun brands. In fiscal year 2016, the company sold 5.63 million vehicles globally, generating revenues of 11.72 trillion yen. In fiscal 2017, the company embarked on Nissan M.O.V.E. to 2022, a six-year plan targeting a 30% increase in annualized revenues to 16.5 trillion yen by the end of fiscal 2022, along with cumulative free cash flow of 2.5 trillion yen. As part of Nissan M.O.V.E. to 2022, the company plans to extend its leadership in electric vehicles, symbolized by the world's best-selling all-electric vehicle in history, the Nissan LEAF. Nissan's global headquarters in Yokohama, Japan, manages operations in six regions: Asia & Oceania; Africa, the Middle East & India; China; Europe; Latin America; and North America. Nissan has a global workforce of 247,500 and has been partnered with French manufacturer Renault since 1999. In 2016, Nissan acquired a 34% stake in Mitsubishi Motors. Renault-Nissan-Mitsubishi is today the world's largest automotive partnership, with combined sales of more than 10.6 million vehicles in calendar year 2017.
About Mitsubishi Motors
Mitsubishi Motors Corporation is the sixth largest automaker in Japan and the sixteenth largest in the world. It is part of the Mitsubishi keiretsu, formerly the biggest industrial group in Japan, and was formed in 1970 from the automotive division of Mitsubishi Heavy Industries. From October 2016, Mitsubishi is one-third owned by Nissan, and a part of the Renault - Nissan - Mitsubishi Alliance. For more information, please visit www.mitsubishi-motors.com/en/index.html.
Public Relations Department
Apr 24, 2018 18:15 HKT/SGT
Source: Mitsubishi Motors
Topic: Press release summary
From the Asia Corporate News Network
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