Nissan threw a lifeline to Mitsubishi Motors on Thursday by confirming plans to buy a 34 percent stake in the scandal-hit automaker, with the deal valued at about $2.2 billion according to a regulatory filing.
The news comes after Mitsubishi was plunged into crisis following bombshell revelations it cheated on fuel-economy tests for years.
Nissan has confirmed plans to buy a 34% stake in the scandal-hit Mitsubishi Motors (AFP Photo/Kazuhiro Nogi)
