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

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 crisis following bombshell revelations that it has been cheating on fuel-economy tests for years, sparking questions about the company's future.