Shares of Mitsubishi Motors surged over 6% on Monday following reports that the automaker is in discussions to join an alliance with Nissan Motor and Honda Motor.

Mitsubishi Motors shares surge amid alliance talks with Nissan and Honda

Japanese automaker Mitsubishi Motors confirmed that it paid a $29.7 million fine issued by German prosecutors over emissions fraud allegations earlier this year.

World Business Watch: Dieselgate costs Mitsubishi $29.7 million penalty in Germany

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Mitsubishi Motors shares surge amid alliance talks with Nissan and Honda

World Business Watch: Dieselgate costs Mitsubishi $29.7 million penalty in Germany