Carlos Ghosn (L), Chairman and CEO of the Renault-Nissan Alliance and Mitsubishi Motors Corp's Chairman and CEO Osamu Masuko shakes hands during their joint news conference in Tokyo, Japan, October 20, 2016. REUTERS/Issei Kato
TOKYO: Nissan Motor Co Ltd said it had completed a deal to take a controlling stake in Mitsubishi Motors Corp, and would be retaining the embattled automaker's chief executive to ensure its recovery from a mileage cheating scandal.
Japan's No. 2 automaker has agreed to make a 237bil yen (RM9.53bil) investment to acquire a 34% stake in Mitsubishi Motors, making it the single largest shareholder in its smaller peer.
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