Ghosn Eyes New Salvage Job With $2.2 Billion Mitsubishi Stake

May 12, 2016 10:22 AM

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Carlos Ghosn, the man who helped pull Nissan Motor Co. back from the brink 16 years ago, is taking on a new salvage job: Mitsubishi Motors Corp.

Nissan agreed to buy a 34 percent stake in Mitsubishi Motors for about 237.4 billion yen ($2.2 billion), the two Japanese automakers said Thursday. The capital infusion could prove a crucial lifeline to Mitsubishi Motors, whose market value had fallen more than 40 percent after saying it overstated ...

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