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Mitsubishi Motors, Nissan agree to form capital alliance: source

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Mitsubishi Motors Corp has agreed to form a capital alliance with Nissan Motor Co at its board meeting on Thursday, a source familiar with the matter told Reuters.

[TOKYO] Mitsubishi Motors Corp has agreed to form a capital alliance with Nissan Motor Co at its board meeting on Thursday, a source familiar with the matter told Reuters.

The source said the two companies would hold a joint news conference later in the day, but gave no further details.

Sources familiar with the matter had said overnight that Nissan was considering taking a controlling stake in scandal-hit Mitsubishi. The two sides later confirmed they were in talks, without providing details.

REUTERS