Nissan completes $2.2 billion takeover of Mitsubishi
Japanese automobile major Nissan Motor on Thursday said that it had completed a $2.29 billion deal to acquire a controlling stake in Mitsubishi Motors. Nissan will take a 34% stake in Mitsubishi, making it the single largest shareholder in the smaller firm. Further, Nissan said it would retain Mitsubishi's CEO to ensure the automaker's recovery from a mileage cheating scandal.