Scandal-plagued Mitsubishi Motors Corp. may have a suitor, Nissan Motor Co., headed by auto-industry turnaround guru Carlos Ghosn.
Both companies acknowledged Thursday they were in talks on various issues, including a possible partnership involving stake ownership.
Nothing has been decided, and announcements will come when they are ready, the companies said in separate statements.
Japanese media reports said Nissan would take a 30 percent stake in Mitsubishi Motors. The reports did not cite sources, which is customary here.
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The companies will hold board meetings Thursday, according to the reports.
Mitsubishi has been rocked by a scandal over cheating on mileage tests to inflate mileage for minicar models.
Nissan has a major partnership with Renault SA of France, which sent in Ghosn in 1999 to engineer its revival from near bankruptcy.