Nissan could take key stake in scandal-hit Mitsubishi Motors

May 12, 2016 3:16 AM

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TOKYO Nissan Motor Co (7201.T) confirmed on Thursday that it was in talks with Mitsubishi Motors Corp (7211.T) over a potential investment, after sources said Nissan was considering taking a controlling stake in its smaller, scandal-hit rival.

Mitsubishi and Nissan, Japan's second-largest carmaker, already cooperate on development and manufacturing with a partnership dating back to 2011, but that deal does not currently involve any cross-shareholding.

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