Nissan will take 34% controlling stake in Mitsubishi Motors

Nissan will invest $2.2 billion to take a controlling 34 percent stake in Mitsubishi Motors. The companies plan to sign an agreement by May 25 in which Nissan can name four directors to Mitsubishi Motors' board.

from Automotive News Breaking News Feed http://ift.tt/1TRekGk via Falls Church auto repair