Nissan became 4th largest auto group after controlling stake in Mitsubishi

Now it’s official: Nissan bought 34% stake in Mitsubishi. The deal cost Nissan $2.3 billion, according to the Wall Street Journal, and brings Mitsubishi into the Nissan-Renault Alliance. Carlos Ghosn, CEO of both Nissan and Renault, has been nominated to be the new chairman of the Mitsubishi board. The agreement created the world’s fourth-largest auto group, after Toyota, Volkswagen and General Motors.

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