Nissan has confirmed that it will take a 34 percent equity stake in Mitsubishi Motors*(valued at 237 billion yen or $2.2 billion) after the two automakers signed an agreement to form a new strategic alliance. Both companies have been collaborating to some extent for the past five years, thereby lengthening*the existing partnership under this new...
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Nissan Takes 34 Percent Controlling Stake in Mitsubishi appeared first on
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