Nissan Montero anyone?

Reports surface that Nissan is eyeing big Mitsubishi stake as mileage cheating scandal deepens


Reports surfaced that Nissan is in talks to buy a controlling stake of Mitsubishi Motors as Mitsubishi said that its cheating on gas mileage ratings extends to more models than previously revealed.

Reuters and Japanese broadcaster NHK independently reported that Nissan is in talks to buy a controlling stake of Mitsubishi. Nissan would get a one-third stake for $1.8 billion, Reuters reports, making it the single largest shareholder.

Earlier Wednesday, Mitsubishi Motors said that cheating on fuel mileage ratings on its cars extends to nine models sold in Japan and others that are no longer sold, vastly increasing the scope of the scandal.