BUSINESS

Nissan buys 34% stake in Mitsubishi Motors

Kyodo News, Published on 12/05/2016

» TOKYO — Nissan Motor Co will take a 34% stake in Mitsubishi Motors Corp for 237 billion yen ($2.2 billion), the two companies said on Thursday, in a capital tie-up that will put the scandal-hit smaller rival under the wing of Japan's second-largest automaker.