The world’s largest car manufacturer, the Renault-Nissan laid eyes on the Mitsubishi after he uncovered the fraud with a low fuel consumption (5-10%). Employees of Nissan conducted tests on 157 thousand cars Mitsubishi. Realizing that the cheating has reached enormous proportions, they have taken the opportunity to destroy the Japanese competitors. As it turned out, Mitsubishi has forged the results of test 25 years! Very quickly talking about all the world’s media. New details of the case only worsened the situation of the company. Immediately after the publication of reports of fraud, shares of Mitsubishi motors fell by almost 43%.
What happened?
We witnessed the corporate war, where Nissan Mitsubishi defeated and captured 34% of the shares in just 1.84 billion $. It is twice less, if the shares were bought before the scandal. A controlling stake will allow Nissan to use the dealer network of Mitsubishi, as well as open access to the developments of the campaign. After gaining control of Mitsubishi, Nissan strengthens its positions in the face of more powerful competitors such as Toyota and Honda. Proof that this is a corporate war, not a coincidence says about the initiative Nissan. They could just remain silent about existing violations as their small car also fall under this scandal. In Nissan knew that Mitsubishi will incur large losses as in the domestic market, they take 40%, while Nissan only 20%. Pay attention to the nature of the presentation of information in the media. Details were published in doses. First reported about understating of indicators of fuel consumption, small car, very popular in Japan. The intransigence of the President Mitsubishi sprovotsirovat the emergence of new details. Now we know that violations are still among the 10 models of Mitsubishi. President Mitsubishi by Tetsuro Aikawa had no choice but to agree to all the conditions and resign.
