Deals
Nissan to Buy $2.2 Billion Stake in Scandal-Hit Mitsubishi
- Mitsubishi Motors' value has plunged on fuel economy scandal
- Nissan relies on Mitsubishi Motors for Japan minicars
Nissan to Take a 34% Stake in Mitsubishi Motors
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Nissan Motor Co. agreed to purchase a 34 percent stake in Mitsubishi Motors Corp., as Japan’s second-largest automaker comes to the aid of its minicar partner rocked by a fuel-economy testing scandal.
Mitsubishi Motors will sell about 237.4 billion yen ($2.2 billion) in shares to Nissan, according to a filing Thursday. The purchase is poised to vault Nissan past Mitsubishi group companies to become Mitsubishi Motors’ single-largest shareholder.