Full Mitsubishi-Nissan merger not happening

|About: Mitsubishi Motors ADR (MMTOY)|By:, SA News Editor

A complete tie-up between Japanese car makers Mitsubishi Motors (OTC:MMTOY) and Nissan Motor (OTCPK:NSANY) is not an option, declared Carlos Ghosn, chairman of both firms.

"Full merger is not on the table. We want Mitsubishi to reform itself," he said, while attending the opening ceremony of Mitsubishi's new factory on the outskirts of Jakarta.