Mitsubishi to Sell 30% to Nissan

Posted by: Xavier Kwan onMay 12th, 2016

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Mitsubishi has found itself in a lot of trouble lately for their fuel economy numbers scandal. Based on preliminary investigations, it looks as though the number of models impacted by the scandal might be larger than expected. This is certainly doing nothing good for the company’s branding or their stocks.

Reports coming out of Japan’s Nikkei is stating that the top buyer for those Mitsubishi shares is Nissan. If the deal goes through, which looks very promising as the deal is rumored to be in the very late phases, Nissan will not only own 30% of Mitsubishi, it will also become the largest share holder.

The 30% shares is expected to give Mitsubishi a solid $1.84 billion bump in capital which will help them out significantly considering the financial hit they are taking on the stock market. The company, in the grand scheme is still fairing alright through their scandal turmoil.



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