Nissan Motor confirmed Thursday that it was in capital tie-up talks with scandal-hit Mitsubishi Motors, as local media reported that the deal would be an effective acquisition.
"Nissan and Mitsubishi are discussing various matters including capital cooperation, but nothing has been decided," Nissan said in a brief statement.
"We plan to discuss this matter and others at a regularly scheduled board of directors meeting today," it said.
In a separate statement, Mitsubishi Motor also said it would discuss the issue at its board meeting later in the day.
The announcements followed Japanese media reports that the two firms were in the final stages of negotiations for Nissan to buy a 34-percent stake in scandal-hit Mitsubishi.
The deal, reported to be worth $1.8 billion, would amount to an effective acquisition by Nissan Motors, making it the top shareholder ahead of Mitsubishi Heavy Industries, which holds a 20-percent stake, according to several major local media, including national broadcaster NHK.
Mitsubishi is attempting to turn itself around after a bombshell admission last month that it has been cheating on fuel tests for years.
The scandal -- reported to cover almost every model sold in Japan since 1991 -- also includes mini-cars produced by Mitsubishi for Nissan as part of a joint venture.
It was Nissan that first uncovered the problems with Mitsubishi's fuel economy data, but Mitsubishi has said it had no part in the cheating.
AFP
Thu May 12 2016
![Nissan confirms talks for tie-up with Mitsubishi Nissan confirms talks for tie-up with Mitsubishi](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2016-04/61462006469_NissanEmblem.jpg)
Nissan Motor confirmed Thursday that it was in capital tie-up talks with scandal-hit Mitsubishi Motors.
AWANI Ringkas: Menambah baik sistem pakar perubatan
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AWANI Ringkas: Kes bunuh Nur Farah Kartini
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Hamidin terkilan Pan-gon letak jawatan
Ini kerana Pan-gon, yang mula mengemudi skuad kebangsaan sejak 2022, sebelum ini dengan penuh komited menyatakan mahu terus mengendalikan Harimau Malaya sehingga tamat kontraknya pada Disember 2025.
AWANI Borneo [17/07/2024] - Kebakaran awal pagi | 1.3 juta tenaga buruh | 829.4 kilometer
Awani Borneo 17 Julai 2024 bersama Jasmine Abu Bakar;
1. Wanita melecur, lapan rumah musnah dalam kebakaran di Tawau
2. 60 peratus tenaga buruh di Sabah belum berdaftar dengan KWSP
3. RM32.8 juta setahun diperuntukkan bagi penyelenggaraan Pan Borneo
1. Wanita melecur, lapan rumah musnah dalam kebakaran di Tawau
2. 60 peratus tenaga buruh di Sabah belum berdaftar dengan KWSP
3. RM32.8 juta setahun diperuntukkan bagi penyelenggaraan Pan Borneo
RM32.8 juta setahun selenggara rutin Lebuh Raya Pan-Borneo
Kementerian akan memperuntukkan sebanyak RM32.8 juta setahun bagi pelaksanaan penyenggaraan rutin di Lebuh Raya Pan-Borneo secara berperingkat mengikut serahan bagi penyenggaraan selepas kontrak projek siap sepenuhnya.
38 peratus isi rumah miskin tegar di Sabah
Rafizi menambah pendapatan Garis Kemiskinan (PGK) Makanan di Sabah juga lebih tinggi iaitu RM1,218 sebulan berbanding kadar nasional sebanyak RM1,198.
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Muhammad Adi disangka hilang, menginap di rumah kawan
Seorang remaja lelaki berusia 17 tahun yang dilaporkan hilang sejak tujuh hari lepas telah pulang ke rumahnya di Ampangan Tinggi malam tadi.
Pemenang Jutawan BSN derma 10 peratus kepada gereja
Rezeki tiga bulan menabung di Bank Simpanan Nasional (BSN) berbekalkan modal 10 ribu ringgit telah menukar hidup seorang paderi kepada seorang jutawan.
RM468.7 juta projek infrastruktur basmi kemiskinan di Sabah
Rafizi berkata peruntukan sebanyak RM468.7 juta bagi 2024 telah diwujudkan bagi projek-projek infrastruktur dalam usaha mengurangkan jurang kemiskinan di lapan daerah tersebut.
60 peratus tenaga buruh di Sabah belum berdaftar dengan KWSP
Sebanyak 60 peratus atau 1.3 juta daripada 2.3 tenaga buruh di Sabah belum berdaftar sebagai ahli Kumpulan Wang Simpanan Pekerja (KWSP) dan berisiko tidak memiliki simpanan untuk persaraan.