Nissan Motor Takes 34 Percent of Mitsubishi Motors Corporation

Nissan Motor Co., Ltd., will take a 34 percent stake in Mitsubishi Motors Corporation after the two companies signed a Basic Agreement today to form a strategic alliance between the two automakers. The deal, worth 237 billion yen is extending an existing partnership between Nissan and Mitsubishi under which the two companies have jointly collaborated for the past five years.
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