TOKYO: Nissan threw a lifeline to Mitsubishi Motors on Thursday, saying it would buy a one-third stake in the scandal-hit automaker for $2.2 billion, forging an alliance that will challenge some of the world’s biggest auto groups.
The news comes after Mitsubishi was plunged into crisis following bombshell revelations that it has been cheating on fuel-economy tests for years, sparking questions about the company’s future.
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