Mitsubishi Motors

Nissan-Renault CEO Ghosn to chair troubled Mitsubishi Motors

Carlos Ghosn, who heads Japan's Nissan Motor and Renault of France, will become chairman of Mitsubishi Motors, working to restore faith in the troubled automaker after a devastating mileage scandal.

Ghosn, who presided over Nissan's revival from the brink of bankruptcy in the early 2000s after it formed an alliance with Renault, said he expected it would be difficult to restore Mitsubishi's shattered reputation.

"I can tell you we will not spare anything to support Mitsubishi. I think it's possible. It is going to be difficult. It will require tough decisions," he told reporters.

But the Brazilian-born Frenchman said he believed it was possible. Earlier,...