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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