Nissan takes up huge stake in Mitsubishi
Nissan just announced their plan to spend 237 billion yet ($2.2 bn) to hold a 34% stake in Mitsubishi, making Nissan the company’s single largest shareholder. “We are determined to preserve and nurture the Mitsubishi Motors brand,” Nissan CEO Carlos Ghosn said. “We will help this company address the challenges it faces, particularly in restoring …