Ghosn to chair Mitsubishi
Nissan chairman and chief executive consolidates leadership to create three-way alliance.
Mitsubishi has taken a significant step towards the consolidation of power with the appointment of Carlos Ghosn as chairman.
Ghosn is already chairman and chief executive of Nissan and Renault. His appointment follows Nissan's acquisition of a $2.3bn stake in Mitsubishi in October.
Ghosn joins three other Nissan-appointed executives on the Mitsubishi board.
Bloomberg quotes Ghosn speaking at an extraordinary shareholders' meeting: "I know you will have interrogations about whether this enlarged alliance will work. From past exp
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