Osamu Masuko: Will consider alliances that will benefit Mitsubishi
Mitsubishi President Osamu Masuko addressed the issue during an interview with Asia Editor James B. Treece.
Can Mitsubishi survive in the long term on its own, or will it eventually have to find a partner?
There are a lot of different types of alliances.
First would be OEM supply - for example, Mitsubishi supplying minicars to Nissan, or SUVs to PSA/Peugeot-Citroen.
In the future, if there are OEM opportunities, we'd like to provide vehicles to other manufacturers if it is a win-win situation for both sides.
Second, we will be receiving the Raider pickup truck from Chrysler. If there is merit on our side to receiving OEM supply from another, we'd like to expand that, too.
And there are cases of component alliances, such as the world engine project we are doing with DaimlerChrysler and Hyundai.
In the future, no matter what form it takes, if there are advantages for us, we would like to think of what further alliances we could do.
But in terms of a capital alliance or equity share, we are not thinking of that type of alliance.
I have seen comments by you in Japan's Yomiuri Shimbun newspaper saying that until Mitsubishi rebuilds itself by achieving the revitalization plan, you won't be thinking about alliances because you would not be negotiating from a position of strength.
From 2005 to 2007, we'd like to achieve what we've set out in the three-year revitalization plan.
So concerning whether there will be another separate or different kind of alliance, we'd like to think about that when our company gets healthy.
At the moment, we have to think about accomplishing the revitalization plan.