Report: Nissan could be taking over Mitsubishi Motors

Mitsubishi isn’t doing so hot and lately, a lot of critics and normal people alike have been wondering, what’s going on. They barely have anything that’s even remotely considered competitive in the mainstream market and their latest attempts just simply scream, “we don’t care.”

That’s a bit of a shame since it’s never fun to see automakers kick the bucket. And it hasn’t been boding well period for Mitsubishi as recent investigations found that the company cheated on its emissions test for nearly all of their Japanese vehicles made from the early 1990s. Kinda like rubbing salt in the wound at this point as Nissan apparently just announced to be in talks with Mitsubishi over a possible acquisition.

NHK and Bloomberg, along with AutomotiveNews report that Nissan is pretty much lined up to buy a 34-percent stake in Mitsubishi for $1.8 billion dollars. The value of Mitsubishi plummeted after the company was found to have cheated on their emissions.

Nothing has been confirmed yet, but this is pretty much not what anyone was expecting.

– By: Chris Chin

Source: NHK, Bloomberg, AutomotiveNews

 

Chris Chin

Editor-In-Chief of egmCarTech Freelance Automotive Journalist / Editor / Photographer

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