As the new chairman-elect of the Mitsubishi Motors board, Nissan's chairman and chief executive officer, Carlos Ghosn, has two priorities: Help the troubled Japanese carmaker regain consumer trust and return it to a growth path.
The turnaround effort will be led by Mitsubishi's chief executive officer, Osamu Masuko, and its employees, with support from Nissan, while Ghosn's role would be more of governance at the top.
"I will be responsible for the governance and making sure that there is a good mid-term plan [and] there is transparency into the company," Ghosn told CNBC's "Squawk Box" on Friday, adding there was a need to maintain Mitsubishi's identity as a company and its autonomy.
In response to a question, Ghosn hinted that there likely wouldn't be any sweeping job cuts or plant closures after Nissan completed the acquisition of a controlling 34 percent stake in the company on Thursday.
In turn, Mitsubishi will become part of the global alliance between Nissan and Renault. With combined vehicle sales of 10 million units in fiscal year 2016 - it will put the alliance among the world's top three automotive groups by volume.
Reuters said Nissan made a 237 billion yen ($2.29 billion) investment into Mitsubishi. As part of the investment, Nissan has nominated four representatives to the Mitsubishi board, including Ghosn.
Earlier this year, Mitsubishi admitted that it falsified fuel economy test data for its cars to make emissions levels look more favorable.