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Nissan and Mitsubishi Confirm $2 Billion Deal

Nissan Motor Co. agreed on Thursday to take a 34 percent stake in Mitsubishi Motors Corp. as the company attempts to recover from a fuel economy scandal. Leaders of the two automakers appeared at a last-minute press conference Thursday in Yokohama, Japan – home of the Nissan headquarters – to announce what Nissan CEO Carlos Ghosn called a “win-win” deal. “This will be a dynamic cooperation between two major Japanese car manufacturers, enabling us to harness the respective capabilities...

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