Strategic Partnership and Investment with Eagers Automotive Ltd., Including Investment in Unique Independent Used Car Business Across Australia and New Zealand
TOKYO, Japan, Oct 1, 2025 - (JCN Newswire via SeaPRwire.com) - Mitsubishi Corporation (“MC”) is pleased to announce that it has agreed to subscribe for new shares to be issued by Eagers Automotive Ltd. (“Eagers”) through a strategic placement, and has entered into a Strategic Partnership Agreement (the “Agreement”) to promote collaboration and explore new business opportunities across the automotive and mobility sectors.In addition, MC has reached an agreement to invest in easyauto123, Eagers’ independent used-car business operating in Australia and New Zealand, as well as an indirect interest in Carlins, Eagers’ used-car auction company. A new holding company will be established, with Eagers owning 80% and MC holding the remaining 20%.Eagers is Australia’s largest automotive dealer group, representing more than 50 brands across Australia and New Zealand, with a long and proud history spanning over 112 years. Eagers’ core business comprises the ownership and operation of new and used car dealerships, service, parts and the facilitation of allied consumer finance. easyauto123 is Australia’s largest independent used ca...
