FIRST AIRED: May 12, 2016

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

We've got more news

Get our editor’s daily email summary of what’s going on in the world.

US Edition
Intl. Edition
Replay Program

Business

Nissan to buy a third of Mitsubishi: sources

Opening sequence

Opening sequence

Business

Nissan to buy a third of Mitsubishi: sources

0:00
16:56
More Info

COMING UP:Nissan to buy a third of Mitsubishi: sources

×

Transcript

00:00:01
>> Nissan plans to scoop up a stake in struggling Mitsubishi. Sources tell Reuters the Japanese auto giant is in final talks to take control of a third of its smaller rival pouring $1.8 billion into Mitsubishi as it weathers a fuel economy scandal. Analysts say Mitsubishi may be on the hook for up to a billion dollars in compensation to customers.
00:00:21
And payments to Nissan over rigged readings on the Dayz and Dayz Roox mini car models. It's never quite recovered from a scandal 15 years earlier that impacted its brand and required a major bailout from other Mitsubishi group companies. Mitsubishi said Wednesday it had enough cash to get through the scandal but also warned there could be more bad news to come.
00:00:39
The faulty data may have been used to calculate fuel economy for far more cars than previously announced. Nissan CEO, Carlos Ghosn's, expected to make an announcement that may include the deal later on Thursday.