VENTURE CAPITAL POST

The Mitsubishi Motors Corporation announced on Thursday that a joint news conference together with Nissan Motor Co. will happen with Mitsubishi Chairman and President Osamu Masuko and Nissan Chief Executive Carlos Ghosn on the side.

The company recalled another 47,000 defective SUV due to problem in its fuel pump. Nissan also introduces its new mobility concept car this week.

Registering the highest since April 2009, Nissan Motor Co's stock surged 12 percent following its buyback news. Nissan has announced its plan to buyback $3.5 billion worth shares.

The 13 automotive CEOs across the world including the Renault-Nissan Alliance has released the statement on the weekend over the commitment to reduce global emissions by providing cleaner transportation.

The 44th Tokyo Motor Show is open to the public from October 30 to November 8. This is where the car manufacturers, especially Japanese ones, reveal new car concepts and designs.

French automaker Renault SA and its Japanese partner Nissan Motor Co continue to increase savings through synergies and can meet longer-term goals without expanding its current alliances, Chief Executive Carlos Ghosn told Reuters on Wednesday.

The tripartite auto manufacture promises to corner 40% combined share of the Russian market.