TOKYO – Nissan Motor Co Ltd <7201.T> on Friday said it had no plans at the moment to increase its shares in Mitsubishi Motors Corp <7211.T> from its current 34 percent, while leaving the door open to raise its stake in the future.
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"We don't see any kind of necessity at this stage (to take over all of Mitsubishi Motors)," Nissan Chief Competitive Officer Hiroto Saikawa told reporters during a teleconference.
"In the event that the Mitsubishi group would like to reduce their stake, we are ready to increase ours," he said.
Nissan on Thursday completed a deal to take a controlling stake in Mitsubishi, retaining the embattled automaker's chief executive to help it recover from a mileage cheating scandal.
(Reporting by Naomi Tajitsu)