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takyon [soylentnews.org] writes:

Nissan reminds you to buy low [bbc.com]:

Japanese car makers Mitsubishi Motors and Nissan have confirmed talks of a capital tie-up as the former struggles with a scandal over falsifying fuel efficiency. Trading in Mitsubishi Motors' shares was suspended on Thursday.

Local media reports suggest Nissan will take a one-third stake in its rival to become the single largest shareholder. In the wake of the scandal [bbc.co.uk], Mitsubishi Motors had seen its market value drop by more than 40%. In April, the carmaker admitted it had used fuel consumption tests that broke Japanese rules for the past 25 years.

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