Nissan and Mitsubishi Plan Deeper Ties, Expand OEM Projects

Japan's Nissan Motor Corp. and Mitsubishi Motors today announced that they plan to deepen their business ties by establishing a new minicar joint venture in Japan and further expanding their OEM projects, to save costs and increase their competitiveness in the global car industry. Under the new agreement, the automakers will build more cars for each other under what is known in the industry as