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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.

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