Mitsubishi names new r&d chief, restates earningsWed, 25, May 2016
Mitsubishi said Nissan executive Mitsuhiko Yamashita will become its r&d chief, part of a management overhaul in the wake of a fuel-economy scandal that also prompted the automaker to restate its annual earnings. Mitsubishi CEO Osamu Masuko will also be president, taking over the role from Tetsuro Aikawa, who will leave the company.
Nissan likely to send former tech chief to lead reform at Mitsubishi, report saysMon, 23, May 2016
Nissan, which plans to spend $2.2 billion on a one-third controlling stake in Mitsubishi Motors, aims to place its former global tech chief in charge of reform at its smaller rival, which is mired in a fuel economy data scandal, sources told Reuters.
Ghosn warns small makers: Beware a U.S. downturnMon, 23, May 2016
Renault-Nissan CEO Carlos Ghosn says the robust U.S. market is covering over the vulnerabilities of small automakers.
Mitsubishi president steps down amid fuel economy scandalWed, 18, May 2016
The president of Mitsubishi Motors will step down after less than two years in the job amid a widening fuel economy scandal that torpedoed the company's sales and led to it selling a controlling stake to rival Nissan.
Mitsubishi Motors president leaves amid fuel economy scandal, report saysTue, 17, May 2016
The president of Mitsubishi Motors is stepping down amid a fuel economy scandal that surfaced in April, according to the Nikkei Asian Review. Tetsuro Aikawa's post will be filled by Mitsubishi Motors CEO Osamu Masuko, the report said.
Nissan investment excites Mitsubishi's U.S. dealer council chairmanTue, 17, May 2016
The chairman of Mitsubishi Motors' U.S. national dealer council's advisory board said he sees new life for the brand after Nissan's $2.2 billion stake.
What's in it for Mitsubishi?Sun, 15, May 2016
Nissan and Mitsubishi believe there is mutual benefit in Nissan's move to take controlling interest in the smaller automaker. But for the U.S. market, the promise is not clear.
Nissan faces challenges with Mitsubishi but won't impose management, Ghosn saysFri, 13, May 2016
Nissan CEO Carlos Ghosn said restoring Mitsubishi's credibility with consumers will be his top challenge after the company announced plans to take a controlling stake in the smaller automaker. Nissan will not impose its management on Mitsubishi, Ghosn said.
Nissan will take 34% controlling stake in Mitsubishi MotorsThu, 12, May 2016
Nissan will invest $2.2 billion to take a controlling 34 percent stake in Mitsubishi Motors. The companies plan to sign an agreement by May 25 in which Nissan can name four directors to Mitsubishi Motors' board.
Nissan move for Mitsubishi will be Ghosn's biggest testThu, 12, May 2016
Nissan's investment in Mitsubishi is a bold way of inoculating Nissan against the fallout from 25 years of false testing data at its smaller partner. The approach resembles the deal that enabled Renault to buy control of Nissan.
Nissan poised to take key stake in Mitsubishi MotorsWed, 11, May 2016
Nissan and Mitsubishi Motors confirmed they are in talks about a possible capital tie-up and that their boards are planning to meet separately to discuss the matter. Such a deal would tighten bonds between two companies that easily could have split ways in acrimony over an emissions scandal.
Nissan in talks to take control of Mitsubishi Motors, report saysWed, 11, May 2016
Nissan may invest more than 200 billion yen ($1.84 billion) in a play to take over Mitsubishi Motors, two people familiar with the matter told Reuters. The boards of Nissan and Mitsubishi will meet separately on Thursday to decide investment and operational details, sources told Reuters.