Date: October 4, 2001
For Immediate Release
MOU to study integration of Mitsubishi Motors' and
JATCO TransTechnology's AT and CVT businesses
Mitsubishi Motors Corporation, JATCO TransTechnology Ltd. and Nissan Motor Co., Ltd. signed a Memorandum of Understanding to study integration of Mitsubishi Motors' and JATCO TransTechnology's automatic transmission (AT) and continuously variable transmission (CVT) businesses.
The three parties will make a decision on the definitive transactions and detailed terms and conditions by March 2002.
JATCO TransTechnology is a fully consolidated company of Nissan (99.7 percent) and a major AT and CVT component supplier.
Mitsubishi Motors Corporation
Corporate Communications Department
JATCO TransTechnology Ltd.
General Administrations Department
Nissan Motor Co., Ltd.