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Nissan throws US$2.2b lifeline to scandal-hit Mitsubishi Motors

It would buy a one-third stake in the carmaker, making it the top shareholder

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Nissan's Mr Ghosn (centre), with chairman and CEO of Mitsubishi Motors Osamu Masuko, said that "this transaction represents a potential win-win for both of our companies".

Tokyo

NISSAN threw a lifeline to Mitsubishi Motors on Thursday, saying it would buy a one-third stake in the scandal-hit carmaker for US$2.2 billion, forging an alliance that will challenge some of the world's biggest car groups.

The news comes after Mitsubishi was plunged into