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Nissan's Ghosn crisis

Mitsubishi Motors re-enters tie-up with Daimler after 13 years

Japanese automaker will join Nissan and Renault in four-way partnership for future technology

The partnership will bring Daimler and Mitsubishi Motors back together after a failed alliance in the early 2000s.

TOKYO -- Mitsubishi Motors has agreed to join alliance partners Nissan Motor and Renault in a wide-ranging tie-up with Germany's Daimler that includes next-generation technology and production cooperation.  

Mitsubishi Motors' board has formally approved entering into a partnership with the German automaker. While Nissan, Renault and Daimler all have investments in each other, Mitsubishi is not considering a capital tie-up with the Mercedes producer.

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