Nissan Motor Co. could reportedly buy about a one-third stake in Mitsubishi Motors.
DETROIT, MI - Nissan Motor Co. could buy about a one-third stake in Mitsubishi Motors, Reuters reports, citing unnamed sources familiar with the plans.
The talks are described as in advanced stages, and put Nissan's investment in Mitsubishi at about $1.8 billion.
The boards of the two Japanese automakers will reportedly meet separately on Thursday to discuss the potential investment and how it would affect operations.
News of the talks comes less than a month after Mitsubishi first admitted to manipulating fuel economy data on four model vehicles sold in Japan - a discrepancy that was discovered by Nissan.
Mitsubishi has admitted to tampering with fuel economy data since at least 1991.
The company's cars in the U.S. have not been included in the scandal. Mitsubishi sells five models in the U.S., including the Outlander, Outlander Sport, Mirage, Lancer and I-Miev electric car.