Sunday, January 22, 2017

Nissan says no plans to raise Mitsubishi cars stake now, may additionally in future



TOKYO Nissan Motor Co Ltd (7201.T) on Friday stated it had no plans in the interim to growth its stocks in Mitsubishi vehicles Corp (7211.T) from its current 34 percent, even as leaving the door open to elevate its stake within the destiny.
"We don't see any form of necessity at this degree (to take over all of Mitsubishi cars)," Nissan chief competitive Officer Hiroto Saikawa instructed newshounds throughout a teleconference.
"inside the occasion that the Mitsubishi group would like to lessen their stake, we're prepared to boom ours," he said.
Nissan on Thursday finished a deal to take a controlling stake in Mitsubishi, retaining the embattled automaker's chief government to help it get over a mileage dishonest scandal.

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