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Nissan in Talks for Stake in Scandal-Hit Mitsubishi Motors

  • Two Japan carmakers plan to discuss at board meetings Thursday
  • Nissan reliant on Mitsubishi Motors for Japan minicars
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Nissan Said to Seek Stake in Mitsubishi Motors

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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.