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Nissan buys controlling share in Mitsubishi for $2.1 billion

Mitsubishi, days after admitting it had falsified fuel-efficiency ratings, just got snapped up by Nissan. SEE ALSO: Volvo’s in-car delivery service will bring packages to your trunk Nissan Motors announced Thursday that it will be purchasing a 34% stake in Mitsubishi Motors for $2.1 billion. The buying up of Mitsubishi shares will give Nissan a controlling stake in the carmaker. The move comes just days after Mitsubishi admitted it had knowingly manipulated fuel economy tests…

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Source – Mashable:
Nissan buys controlling share in Mitsubishi for .1 billion

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