That merger was a mistake
JATCO, a leading automotive transmission and electric vehicle powertrain manufacturer, has been involved in several mergers and acquisitions. In 1999, Nissan merged JATCO with its own transmission operations, forming Jatco TransTechnology Ltd.. Later, in 2002-2003, JATCO merged with Diamondmatic Co., Ltd. (DMC), a subsidiary of Mitsubishi Motors, to enhance its global competitiveness in the AT/CVT market. Nissan and Mitsubishi Motors hold significant equity stakes in JATCO.
Here's a more detailed look at the key events:
1. Merger with Jatco TransTechnology:
In 1999, Nissan consolidated its automatic and continuously variable transmission (CVT) business by merging JATCO with its own transmission operations.
Nissan bought out Mazda's stake in JATCO, making it a subsidiary.
The merged entity was named Jatco TransTechnology Ltd.
2. Merger with Diamondmatic (DMC):
In 2002, Mitsubishi Motors spun off its AT/CVT business into DMC, a wholly-owned subsidiary.
JATCO and DMC then executed a share exchange, making DMC a JATCO subsidiary.
This merger aimed to combine DMC's development and production capabilities with JATCO's, boosting JATCO's global standing as an AT/CVT manufacturer.
The merger was finalized in 2003.
3. Current Ownership:
Following the mergers, Nissan holds a majority stake in JATCO (around 75%), with Mitsubishi Motors (around 15%) and Suzuki (around 10%) also holding shares.
The major players at and above Nissan are eyeballs deep into Jatco.
I thought at one point they stopped making the Titan because the tranny was so unreliable.

