#buyout

On Tuesday, Audi announced Volkswagen Group is prepared to buy out minority shareholders. VW announced the plan earlier in the year, setting aside funds to procure the 0.36 percent of Audi it didn’t already own.

“Volkswagen AG announced and specified that it has set the cash settlement to be paid to the minority shareholders in return for the transfer of their shares at 1,551.53 euros per Audi AG share,” the Ingolstadt-based manufacture said in a statement.

Like a Netflix original movie with lots of action but a threadbare plot, Elon Musk’s plan to take Tesla private has some glaring holes. The largest of which is how he’ll finance the buyback of stock (at $420 a share) to make his dream possible.

The list of people who’d like to know where exactly the money’s coming from is a long one, but at the top of the list is the U.S. Securities and Exchange Commission — followed, apparently, by Tesla’s own board of directors.

Nissan Motor Company wants to buy a controlling stake in Mitsubishi Motors, according to a report by the Japanese broadcaster NHK.

The deal would see Nissan invest 200 billion yen ($1.84 billion) into the scandal-plagued automaker, giving Nissan control, Bloomberg reports.