Marque ups FleetPartners stake

Mitsubishi Motors Corporation (MMC) has announced it has nearly quadrupled its equity stake in fleet leasing company FleetPartners Group to 19.93 per cent.

ASX-listed FleetPartners provides fleet management services, mainly to corporate customers in Australia and New Zealand.

MMC first acquired 5.01 per cent of the group’s issued shares in June 2024.

Tatsuo Nakamura, MMC’s executive vice-president, says: “Australia and New Zealand are core markets for Mitsubishi Motors, and our strengthened relationship with FleetPartners reflects our continued investment and strategic commitment to these regions. 

“We look forward to continuing to work with FleetPartners to collectively grow our businesses.”

Since 2024’s share acquisition, an Australian-based Mitsubishi Motors team has worked with FleetPartners to deliver benefits for both companies.

Juyu Jeon, chief strategy officer at Mitsubishi Motors Australia, adds: “This investment is an important step in strengthening Mitsubishi Motors’ value chain, and we are confident it will drive future growth for our business.”