Advertisement

The Car and Truck Fleet and Leasing Management Magazine

Nissan May Take Controling Interest in Mitsubishi

May 11, 2016

Nissan Motor Co. may take a controlling interest in Mitsubishi Motors Corp. with a $1.8-billion investment to acquire a third of the struggling automaker, Reuters is reporting.

The deal would give Nissan the largest share of Mitsubishi's next-highest investor Renault, which holds a 15% share. Renault also holds a 43.4% share in Nissan.

The boards of Nissan and Mitsubishi will meet separately on Thursday, May 12, to consider the proposal.

In late April, Mitsubishi admitted to inflating fuel-economy ratings for approximately 625,000 vehicles sold in the Japanese market, including the eK Wagon, eK Space, and Nissan Dayz, which the automaker created for Nissan Motor.

Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

Sponsored by

Executive director of the American Automotive Leasing Association (2011).

Read more

Up Next

More From The World's Largest Fleet Publisher