Nissan buying 34% of Mitsubishi Motors for $2.2 bn

GMT 07:37 2016 Thursday ,12 May

Arab Today, arab today Nissan buying 34% of Mitsubishi Motors for $2.2 bn

John kerry
Tokyo - Arab Today

Nissan threw a lifeline to Mitsubishi Motors on Thursday by confirming plans to buy a 34 percent stake in the scandal-hit automaker, with the deal valued at about $2.2 billion according to a regulatory filing.

The news comes after Mitsubishi was plunged into crisis following bombshell revelations it cheated on fuel-economy tests for years.

 
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