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
Fri, May 13, 2016 - 5:50 AM
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".
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...