According to information from Japanese sources, Nissan intends to acquire a 34% stake in Mitsubishi Motors Corporation. The estimated cost of this deal is $1.84 billion.
Experts link this deal to the situation with Mitsubishi compact cars, whose actual fuel consumption was higher than the manufacturer stated. After the company admitted these violations, sales of its small cars on the domestic Japanese market fell by more than 60% last month. These are the eK series models.
The fuel economy scandal seriously undermined Mitsubishi's position in the Japanese market, where it accounted for about 40% of sales in the small car segment. In addition, it triggered a decline in the share price, which apparently attracted Nissan's attention.
