Nissan buys controlling share in Mitsubishi for $2.1 billion
 

Nissan buys controlling share in Mitsubishi for $2.1 billion
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Mitsubishi, days after admitting it had falsified fuel-efficiency ratings, just got snapped up by Nissan.

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Nissan Motors an**unced Thursday that it will be purchasing a 34% stake in Mitsubishi Motors for $2.1 billion. The buying up of Mitsubishi shares will give Nissan a controlling stake in the carmaker.

The move comes just days after Mitsubishi admitted it had k**wingly manipulated fuel eco**my tests on some of its global subcompact models. Intriguingly, the fraudulent efficiency figures affect Nissan, too, as the two had a technical partnership for several years. This meant Nissan sold rebadged Mitsubishi models as its own. Read more...


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