{"id":884,"date":"2016-05-15T19:47:28","date_gmt":"2016-05-15T19:47:28","guid":{"rendered":"http:\/\/www.interplextransportation.com\/blog\/?p=884"},"modified":"2016-05-15T19:47:28","modified_gmt":"2016-05-15T19:47:28","slug":"nissan-becomes-the-controlling-shareholder-in-mitsubishi-motors","status":"publish","type":"post","link":"https:\/\/www.interplextransportation.com\/blog\/nissan-becomes-the-controlling-shareholder-in-mitsubishi-motors\/","title":{"rendered":"Nissan Becomes the Controlling Shareholder in Mitsubishi Motors"},"content":{"rendered":"<p style=\"text-align: justify;\"><a href=\"http:\/\/www.interplextransportation.com\/blog\/wp-content\/uploads\/2016\/05\/Mitsubishi_Pajero_Mini_251.jpg\"><img loading=\"lazy\" class=\"alignleft size-medium wp-image-887\" src=\"http:\/\/www.interplextransportation.com\/blog\/wp-content\/uploads\/2016\/05\/Mitsubishi_Pajero_Mini_251-300x178.jpg\" alt=\"Mitsubishi_Pajero_Mini_251\" width=\"300\" height=\"178\" srcset=\"https:\/\/www.interplextransportation.com\/blog\/wp-content\/uploads\/2016\/05\/Mitsubishi_Pajero_Mini_251-300x178.jpg 300w, https:\/\/www.interplextransportation.com\/blog\/wp-content\/uploads\/2016\/05\/Mitsubishi_Pajero_Mini_251-1024x608.jpg 1024w, https:\/\/www.interplextransportation.com\/blog\/wp-content\/uploads\/2016\/05\/Mitsubishi_Pajero_Mini_251.jpg 1280w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a>Nissan is buying $2.2 billion controlling stake in Mitsubishi Motors and becomes the single largest shareholder in its smaller, scandal-hit rival. Nissan has agreed to buy a 34 percent stake in Mitsubishi Motors Corp as the second seeks outside capital to survive the\u00a0scandal\u00a0over manipulated fuel economy data.<\/p>\n<p style=\"text-align: justify;\">Last month, Mitsubishi, Japan\u2019s sixth-largest <a href=\"http:\/\/www.interplextransportation.com\/\" target=\"_blank\">car<\/a> maker, admitted it had been exaggerating the numbers on its fuel economy data in order to make cars seem more efficient than they were in reality.<!--more--><\/p>\n<p style=\"text-align: justify;\">Nissan CEO Carlos Ghosn warned Friday that he would scrap Mitsubishi deal if its fuel-economy cheating scandal spreads beyond Japan. The deal depends on the outcome of the Japanese Transport Ministry&#8217;s investigation which is expected to lay bare more details about the cheating.<\/p>\n<p style=\"text-align: justify;\">Mitsubishi is the second automaker accused of manipulating environmental data in the last 12 months. Germanan Volkswagen admitted a few months ago that 11 million of its vehicles were equipped with software that was used to cheat on\u00a0emissions\u00a0tests.<\/p>\n<p style=\"text-align: justify;\">The scandal was reported to cover almost every model sold in Japan since 1991, including mini cars produced by Mitsubishi for Nissan as part of a joint venture.<\/p>\n<p style=\"text-align: justify;\">The deal is a lifeline for Mitsubishi Motors as this is its third scandal in the last two decades and the company\u2019s\u00a0market value has fallen around 42 percent ($3 billion) since the scandal broke in late April.<\/p>\n<p style=\"text-align: justify;\">The companies plan to sign an agreement by May 25. According to it, Mitsubishi will remain a separate brand, with its own network of dealers and Nissan will send engineers to Mitsubishi\u2019s vehicle-development team. Mitsubishi Motors will compensate owners for the fuel-cost difference in affected vehicles and also may have to pay back government tax rebates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nissan is buying $2.2 billion controlling stake in Mitsubishi Motors and becomes the single largest shareholder in its smaller, scandal-hit rival. Nissan has agreed to buy a 34 percent stake in Mitsubishi Motors Corp as the second seeks outside capital &hellip; <a href=\"https:\/\/www.interplextransportation.com\/blog\/nissan-becomes-the-controlling-shareholder-in-mitsubishi-motors\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[33,32],"tags":[34,58,10,18,50],"_links":{"self":[{"href":"https:\/\/www.interplextransportation.com\/blog\/wp-json\/wp\/v2\/posts\/884"}],"collection":[{"href":"https:\/\/www.interplextransportation.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.interplextransportation.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.interplextransportation.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.interplextransportation.com\/blog\/wp-json\/wp\/v2\/comments?post=884"}],"version-history":[{"count":3,"href":"https:\/\/www.interplextransportation.com\/blog\/wp-json\/wp\/v2\/posts\/884\/revisions"}],"predecessor-version":[{"id":888,"href":"https:\/\/www.interplextransportation.com\/blog\/wp-json\/wp\/v2\/posts\/884\/revisions\/888"}],"wp:attachment":[{"href":"https:\/\/www.interplextransportation.com\/blog\/wp-json\/wp\/v2\/media?parent=884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.interplextransportation.com\/blog\/wp-json\/wp\/v2\/categories?post=884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.interplextransportation.com\/blog\/wp-json\/wp\/v2\/tags?post=884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}