Ghosn to become Mitsubishi chairman
TOKYo: Nissan Motor Co brought Mitsubi shi Motors Corp under its wing yesterday by buying a 34% stake in the company for 237 billion yen ($2.3 billion), with Nissan chief executive Carlos Ghosn taking the post of chairman of the scandal-hit automaker
The Nissan CEO will replace Osamu Masuko, who will stay on as president of Mitsubishi Motors tie-up designed to help the struggling automaker emerge from its fuel economy data manipu lation scandal