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Renault-Nissan Chief Ghosn Said to Chair Mitsubishi Motors

  • Mitsubishi Motors has agreed to sell 34% stake to Nissan
  • Scandal-hit Mitsubishi predicts steeper full-year loss
Carlos Ghosn.

Carlos Ghosn.

Photographer: Marlene Awaad/Bloomberg
Updated on

Nissan Motor Co. and Renault SA Chairman Carlos Ghosn is set to add that title at Mitsubishi Motors Corp., according to people with knowledge of the matter, putting him on track to become the first executive to head three different automakers at the same time.

Nissan is acquiring a 34 percent stake in Mitsubishi Motors, which sought a rescue following an admission that it improperly measured for fuel economy and manipulated testing data. Mitsubishi Motors on Wednesday forecast a steeper loss of 240 billion yen ($2.3 billion) for the fiscal year ending March 31 because of costs tied to the scandal. The Tokyo-based automaker had earlier predicted a deficit of 145 billion yen, which would be its first loss
in eight years.