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Nissan in Talks to Take Control of Mitsubishi Motors: NHK

  • Japanese broadcaster didn't identify sources on possible deal
  • Fuel-economy scandal now stretching beyond just minicars
General Images Of Japan Economy As Bond Selloff Extends Amid Signs of Growth
Photographer: Kiyoshi Ota/Bloomberg
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Nissan Motor Co. may invest more than 200 billion yen ($1.84 billion) in a play to take over Mitsubishi Motors Corp., which has been battered by a scandal over falsified fuel-economy ratings, Japanese broadcaster NHK reported.

Nissan is in the final stage of talks to effectively acquire Mitsubishi Motors by taking a 34 percent stake, NHK said, citing a person familiar with the situation. Mitsubishi will probably issue new new shares to sell to Nissan in a private placement, Nikkei reported, adding that the automakers are expected to hold board meetings on Thursday to decide on the tie-up.