Shadows of Carlos Ghosn (L), Chairman and CEO of the Renault-Nissan Alliance and Mitsubishi Motors Corp's Chairman and CEO Osamu Masuko are seen during their joint news conference in Tokyo, Japan, October 20, 2016. REUTERS/Issei Kato

Shadows of Carlos Ghosn (L), Chairman and CEO of the Renault-Nissan Alliance and Mitsubishi Motors Corp's Chairman and CEO Osamu Masuko are seen during their joint news conference in Tokyo, Japan, October 20, 2016. REUTERS/Issei Kato (Copyright Reuters 2016)

Nissan says no plans to raise Mitsubishi Motors stake now, may in future

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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)