Mitsubishi Motors North America Inc. is relocating its headquarters to the Nashville area from California in a move that will strengthen the Japanese automaker’s financial ties to Nissan – and bolster Tennessee’s stature as a major U.S. auto hub.
The move, expected to be completed this year, will bring 200 jobs to Franklin, Tennessee, just south of Nashville, including positions in sales, marketing, IT, human resources, communications, parts and service, product planning, dealer operations, finance and legal. Mitsubishi expects to invest $18.25 million in its new site.
Mitsubishi cited Franklin’s “vibrant technology skillset” in its announcement, as well as its new proximity to Nissan among its reasons for relocating. Mitsubishi is part of a global alliance with Nissan and Renault that seeks to align the companies to boost development and facilitate cost saving, according to the company.
“Mitsubishi Motors is changing the way we go to market in the United States, and it is leading to a rebirth of the company,” said Fred Diaz, Mitsubishi president and chief executive officer. “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.”