Nissan taking control of Mitsubishi

Nissan has bought off 34% control stake of Mitsubishi Motors by investing 2.2 billion dollars, making it the largest shareholder of Mitsubishi.

This move came three weeks after Mitsubishi's foul play on two Japanese market kei cars (eK Wagon and eK Space) which were also re-badged as Nissans. That sent Mitsubishi into crisis mode, tanking their stock price by 43% a week. When things got really bad, it was Nissan who swooped in to save Mitsubishi - giving them access to a lucrative Southeast Asia market, a new manufacturing partner, and combined resources for new cars, platforms and electric technology.

Mitsubishi group of companies still hold more than 30% of share, that leaves them more or less even with Nissan.

With this development, we ponder on the fate of upcoming Mitsu Evolutions, if any.