Nissan and Mitsubishi Motors Announce Senior Management Appointments for New Joint Venture Mini Car Project

Tokyo, Mar 11, 2011; Nissan Motor Co., Ltd. and Mitsubishi Motors Corporation today announced two executive management appointments for the joint venture that will manage the product planning and engineering of mini cars for the Japanese domestic market.

The establishment of the joint venture was part of the agreement signed in December, 2010 to expand the scope of cooperation between the two companies.

Junichi Endo, currently Senior Vice President of Nissan, will be appointed as CEO (Chief Executive Officer), while Shinichi Kurihara, currently Senior Executive Officer of Mitsubishi Motors, will be appointed as COO (Chief Operating Officer).

Further details on the joint venture will be disclosed at a later date.

About Mitsubishi Motors

Mitsubishi Motors Corporation was established in 1970 and is one of the few automobile companies in the world that produces a full line of automotive products ranging from 660-cc mini cars and passenger cars to commercial vehicles and heavy-duty trucks and buses. The company also operates consumer financing services and provides this to its customer base. For more information, please visit www.mitsubishi-motors.com .

About Nissan

Nissan Motor Co., Ltd. was established in 1933 to manufacture and market the Datsun, a small passenger car, and related automotive components. The company markets a wide range of passenger cars, commercial vans, trucks and buses, parts and components in over one hundred and seventy countries. The company has also expanded its operations to include forklifts, textile machinery and other industrial machinery and equipment. Nissan's affiliation with French automaker Renault in 1999 has helped produce Nissan's best results in a decade. The company has three hundred and forty two consolidated subsidiaries worldwide. For more information, please visit www.nissan-global.com .