Please Tell Us Your City

Knowing your city will help us provide relevant content to you.

Sorry! No matching results found. Try again.Error Identifying Your Location.

Log in to CarWale

Please enter your password
Forgot password?
Please enter your registered email

Sign up to CarWale

Please enter your name
+91
Please enter your mobile number
Please enter your password
Please enter your password
Ad

Nissan to buy majority stake in Mitsubishi motors

May 12, 2016, 02:46 PM IST by CarWale Team
Nissan to buy majority stake in Mitsubishi motors

Beleaguered automaker Mitsubishi may get a quick reprieve as word has emerged that Nissan will purchase a 33 per cent stake in them. They (Nissan) are expected to invest about 1.8 billion USD and the 33 per cent share would make Nissan Mitsubishi’s largest shareholder.  

If Nissan goes ahead with the move, it will be a major boost for Mitsubishi in terms of capital, technical support and obviously expansion of model range. The company’s share value took a major hit the day it announced the scandal and has been struggling to come back from the same.

Mitsubishi had on April 20 revealed that it had been falsifying fuel economy ratings for four models that it produced including two that it manufactured for Nissan. It said that it had conducted the required tests improperly to present better consumption rates.

Tags:Mitsubishi,Nissan
Show CommentsHide Comments
Ad
  • Upcoming Cars

Maruti Suzuki New ErtigaMaruti Suzuki New Ertiga

21 November 2018

7.80L - ₹ 12.40L
Mahindra Alturas G4Mahindra Alturas G4

24 November 2018

35L - ₹ 40L
Tata HarrierTata Harrier

January 2019

16L - ₹ 22L
Tata 45XTata 45X

March 2019

8L - ₹ 10L
Kia SPKia SP

July 2019

14L - ₹ 20L
All Upcoming Cars
Ask the experts1800 2090 230Mon-Fri (9 AM - 8 PM)
Sat (9 AM - 5:30 PM)
Sun (9 AM - 7 PM)
Toll free

Select your city to avail offers

Currently available only in