Nissan Takes Controlling Interest in Mitsubishi, Positive Impact on U.S. Consumers and Market
Last week, Nissan Motor Co. (NSANY) announced that it will invest 237 billion yen ($2.2 billion) giving Nissan controlling interest with 34 percent of Mitsubishi Motors (MTU). The news comes in response to the emissions scandal that Mitsubishi admitted to last month. Mitsubishi and Nissan have been collaborating for the past five years, so the…