Tokyo Nissan Motor Co brought Mitsubishi
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 in a capital tie up designed to help the struggling automaker emerge from its fuel economy data manipulation scandal.