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According to two individuals with knowledge of the matter,
Nissan and Mitsubishi are in final stage talks over an
appointment of Mitsuhiko Yamashita as Mitsubishi's tech chief.
Yamashita was Nissan’s executive vice president in charge of
product and technology research and development until 2014, a
position he had held since 2005.
The two sources declined to be identified because they are not
authorized to discuss the matter with the media. A Mitsubishi
spokesman declined to comment.
The likely appointment of Yamashita as Mitsubishi tech chief,
which might be finalised at an emergency board meeting at
Mitsubishi on Wednesday, comes as part of Nissan’s investment in
the automaker.
With a 34-percent stake in Mitsubishi, Nissan will be able to
nominate a third of the company’s board.
Nissan Chief Executive Carlos Ghosn has said he believed
Mitsubishi would be led by a Nissan executive, prompting
industry analysts and bankers to forecast a significant
reshuffle at the top.
Mitsubishi is reeling from a third scandal in two decades and
has seen $3 billion wiped off its market value after admitting
last month it overstated the fuel economy of at least four of
its models in Japan, including two sold under Nissan's badge.
(Reporting by Maki Shiraki in Tokyo and Norihiko Shirouzu in
Beijing; editing by Jason Neely)
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