Nissan moves to take control of Mitsubishi

Nissan and Mitsubishi logos

Nissan confirmed on Thursday it will acquire 34 percent of Mitsubishi in a deal worth 237 billion yen (approximately $2.17 billion). The deal, which still requires shareholder approval, will make Nissan the single largest shareholder in Mitsubishi and provide it with control of the company. Although Mitsubishi has enjoyed a slight blip in sales in… …read more