Nissan to Take a 34% Stake in Mitsubishi Motors
On The Move
Nissan Motor Co. agreed to purchase a 34 percent stake in b 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. Bloomberg's Dave McCombs reports and Hermes Fund Managers Co-Portfolio Manager Tim Crockford looks at why emissions are so crucial to the industry. They joined Caroline Hyde in Berlin and "On the Move" host Guy Johnson in London.