Nissan became the biggest Mitsubishi shares owner

Japanese auto maker Nissan will take 34% shares of another Japanese automaker – Mitsubishi Motors. This is linked with fuel scandal of the latter. The aquision is estimated at $2.2 bln and the deal will be closed till the end of 2016.

According to Nissan’s chief Carlos Ghosn, the deal is definitely beneficial for both companies. The companies will collaborate in purchasing, technology exchange and create common platforms. The collaboration will enable Mitsubishi to restore brand’s confidence, shaked by the scandal.

Source: BBC [1]