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MENAFN - - 21/06/2011

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(MENAFN) Nissan Motor and Mitsubishi Motors said that their initial joint venture mini car model would be sold in 2013's first half, reported Times of Oman.

The car makers added that the two companies would develop a new platform and engine in the venture that was established for mini cars, furthermore, they would build the next versions of eKWagon and Otti models.

They also said that they would expand their combined mini-car market share from 15 percent in the time being to 20 percent. The two car makers would expect demand in Japan to shift from standard cars to mini-cars.

It is worth noting that the 50-50 joint venture will initially start producing cars at Mitsubishi Motors' Mizushima factory in western Japan then will expand business in Asia.

 






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