Nissan Motor Co. and Mitsubishi Motors Corp. said they’re in talks, including for a possible stake purchase, amid a fuel-economy ratings scandal that’s battered one of Japan’s smallest automakers. Mitsubishi Motors shares are set to surge by the daily limit when they resume trading.
Nissan is seeking a 33 percent stake in Mitsubishi Motors, people familiar with the matter said. The stake has a market value of about $1.5 billion. The companies confirmed discussions in separate statements to the Tokyo Stock Exchange. Nissan Chief Executive Officer Carlos Ghosn and Mitsubishi Motors Chairman Osamu Masuko will hold a joint briefing in Yokohama Thursday afternoon.