(Thomas Peter/Reuters)TOKYO — Nissan Motor Co. is taking a 34 percent stake in scandal-ridden Mitsubishi Motors Corp. in what Nissan Chief Carlos Ghosn said was “a win-win” deal. Ghosn appeared with Mitsubishi Motors Chairman Osamu Masuko in a hastily called joint conference Thursday in Yokohama, where Nissan is headquartered. Ghosn said Nissan will invest 237 billion yen ($2.2 billion) to become the top investor in Mitsubishi Motors. Mitsubishi Motors has been recently rocked by a scandal over cheating on mileage tests to inflate mileage for minicar models. Carlos Ghosn (right), Chairman and CEO of the Renault-Nissan Alliance, and Mitsubishi Motors Corp.'s Chairman and CEO Osamu Masuko at their joint news conference in Yokohama, Japan, May 12, 2016.

Source: Washington Post May 11, 2016 20:35 UTC