Mitsubishi Motors unveils pickup, Kei-car collaboration with Nissan
Mitsubishi Motors unveils pickup, Kei-car collaboration with Nissan TOKYO, May 29 (Reuters) - Mitsubishi Motors 7211.T will undertake a joint pickup vehicle project with Nissan Motor 7201.T 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% operating margin and 10% return on equity in fiscal year 2029, the company said in its presentation slides.
($1 = 159.3500 yen)
(Reporting by Kantaro Komiya and Daniel Leussink; Editing by Jacqueline Wong)
((kantaro.komiya@thomsonreuters.com; X: @kantarokomiya;))
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