A few months ago we learned that Mitsubishi deliberately issued false emissions numbers regarding several of its Japanese market models, but Automotive News is reporting that Nissan is about to announce a massive investment in its fellow Japanese brand. Nissan, as you may recall, came to the rescue with its $2.2 billion bid for 34 percent ownership. So what will Nissan do, assuming the deal is approved by regulators, to get Mitsubishi back on track?

Good question, and Renault-Nissan CEO Carlos Ghosn is promising specific answers very soon. Few clues have been given so far, but Ghosn did state that "This is not a deal where we say, 'OK, we made the deal, now let's think what we can do together. No. The day we announce the deal, we're going to tell you exactly what we're going to do together. And it's massive. It's massive between Mitsubishi and Nissan. And also, it may be very significant between Renault and Mitsubishi." How will this affect the US market? "We will have to dig more in the US," Ghosn made clear. "But when you talk about purchasing, engineering, platforms, engines, plug-in hybrids – it's massive."

Until specifics are announced, it seems as if Mitsubishi will continue in the US market, but will it have a future lineup consisting of rebadged Nissans? After all, the majority of Mitsubishi's lineup at the moment isn't exactly fresh. Ghosn kept using the word "massive," so we'll have to wait and see what'll transpire.