Mitsubishi Motors shares erased early gains and were down less than 1%. There are no plans to change the capital structure with Mitsubishi, Nissan spokeswoman Lavanya Wadgaonkar said. The automaker could sell to one of the group’s companies such as Mitsubishi Corp., which already holds 20% of Mitsubishi Motors. To move past the turmoil since Ghosn’s arrest, the alliance unveiled a new operating structure in May, vowing deeper cooperation. “Mitsubishi Motors is working on their ‘Small but Beautiful’ business transformation plan which they announced in July,” said Nissan spokeswoman Wadgaonkar.

Source: Indian Express November 16, 2020 06:11 UTC