Carlos Ghosn (L), Chairman and CEO of the Renault-Nissan Alliance and Mitsubishi Motors Corp's Chairman and CEO Osamu Masuko attend their joint news conference in Tokyo, Japan, October 20, 2016. REUTERS/Issei Kato
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Carlos Ghosn, who heads Japan's Nissan Motor and Renault of France, will become chairman of Mitsubishi Motors, working to restore faith in the troubled automaker after a devastating mileage scandal.Earlier, Ghosn had described Nissan's purchase, announced in May, of a 34 percent stake in Mitsubishi Motors Corp. for 237 billion yen ($2.3 billion) as a "bargain". With the purchase, Nissan has become the biggest shareholder in Mitsubishi, and Mitsubishi becomes a member of the Nissan-Renault alliance.Nissan agreed to take charge at Mitsubishi after the company admitted in April that it cheated to inflate mileage for two of its minicar models, the eK wagon and eK Space and mini-vehicles it made for Nissan.Ghosn vigorously defended Nissan's decision to try to straighten out Mitsubishi, despite its tarnished record, noting that similar questions were raised before he helped revive Nissan's fortunes.
FOLLOW THIS ARTICLE