Mitsubishi Is Moving, Joins Nissan In Tennessee06/25/2019
Mitsubishi and Nissan will be working much closer together in North America.
Mitsubishi Motors North America will move its headquarters from Cypress, California, to Franklin, Tennessee. The transition for nearly 200 corporate employees will begin in August and will be done by 2019. This is the same town where corporate partner Nissan has its main American offices.
The automaker sees this as part of its “company-wide reinvention,” according to the move’s announcement. By being closer together, Mitsubishi and Nissan intend to increase shared vehicle development, parts sharing, and cost efficiencies.
Mitsubishi will initially operate out of a temporary office in Franklin. The company is already looking for a permanent spot for its people to work from.
“As we drive toward the future, this is the perfect time for us to move to a new home. While we say farewell to the Golden State with a heavy heart, we’re excited to say hello to Music City,” Fred Diaz, Mitsubishi Motors North America president and chief executive officer, said.
This move appears to underscore Mitsubishi’s plan to remain in the American market because otherwise paying to move operations across the country wouldn’t make much financial sense. The company’s current financial mantra is “small but beautiful” as the name of an effort to prioritize tiny, yet steady profit growth.
Mitsubishi’s current west coast parts distribution center is also merging with Nissan’s. The two automakers will share a newly constructed warehouse in Riverside, California.
Future Mitsubishi models in North America could include the return of a pickup to the lineup. The company may lean on its partnership with Nissan to make the truck’s development less expensive. The vehicle might even share underpinnings with the next-gen Frontier, according to rumors.
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