Marque buys into fleet firm

Mitsubishi Motors Corporation has announced it has acquired a five per cent stake in FleetPartners Group, a fleet leasing company mainly serving corporate customers in Australia and New Zealand.

The deal with the ASX-listed company was effective as of June 19 but the Japanese carmaker only released details of the acquisition on June 24.

Tatsuo Nakamura, executive vice-president of Mitsubishi Motors, says: “Australia is one of our core markets, and we have made this investment with the aim to further expand our sales channels and business opportunities in the country. 

“We look forward to working with FleetPartners to grow our businesses.”