Nissan Motor Co. agreed with Mitsubishi Motors Corp. in September 2019 to join forces under a new company controlled by major trading company Mitsubishi Corp. to escape the influence of its top shareholder Renault SA, sources familiar with the negotiations said Saturday. The plan would have seen Mitsubishi acquire up to 22 percent of Renault's 43 percent stake in Nissan, but things came to an abrupt halt following the resignation of Nissan's president at the time over the receipt of overpaid executive bonuses, according to the sources including a former Nissan executive involved in the negotia...
