Nissan may take controlling stake in Mitsubishi Motors
Nissan may take controlling stake in Mitsubishi Motors
Tokyo - QNA
Nissan Motors is considering buying a controlling stake in scandal-plagued Mitsubishi Motors, Japanese media reported Thursday.
Japan's second-largest carmaker plans to spend more than 200 billion yen (1.85 billion dollars) to acquire more than 30 % of Mitsubishi Motors, (Kyodo) News agency reported, citing unnamed sources.
Under the move, Nissan would become the largest shareholder in its rival, overtaking the 12.6 % currently held by Mitsubishi Heavy Industries.
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Dubai - Arab Today
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