Nikkei: Nissan CEO to become Mitsubishi Chairman

• Nissan (OTCPK:NSANF) CEO Carlos Ghosn will become chairman of Mitsubishi Motors (OTCPK:MMTOF) after Nissan completes the $2.3B acquisition of a 34% stake in its smaller rival, Nikkei reports (via Reuters).
• Current Mitsubishi Chairman Osamu Masuko will retain his role as President.
• Nissan's purchase of the holding comes after Mitsubishi admitted to falsifying the mileage in some of its vehicles.
• Mitsubishi jumped 8.05% in Tokyo while Nissan closed +0.5%.