Topic
28 stories in this topic
Japanese automaker Mitsubishi is planning to inject more than 600 billion yen ($5.35 billion) in capital spending and research and development (R&D) over the next three years through fiscal 2019 in a bid to turn around its business after recent scandals, the…
The automakers said the technical faults could cause serious damage, and they will be fixed free of charge. Mitsubishi Motors Vietnam has recalled 4,218 cars due to technical faults, official reports said. The majority of the recalled models are Pajero Sports…
Mitsubishi is open to rebadging and selling models from alliance partner Renault in Southeast Asia. It’s one way the newest member of the Renault-Nissan alliance could create synergies with its partners, Mitsubishi Chief Operating Officer Trevor Mann told…
Mitsubishi Motors and its new parent Nissan are studying joint production of pickup trucks in Southeast Asia as they look for savings within the broader Renault-Nissan alliance, a senior executive told. The Japanese groups may pool technical underpinnings and…
Mitsubishi UFJ Lease & Finance Company Limited (MUL) has announced its subsidiary in Indonesia, MULI, has opened a branch in Bandung, in a bid to capture new business as the country’s economy improves. The Bandung Branch is MULI’s second branch in Indonesia…
Mitsubishi Motors Corporation (MMC) and business partners Mitsubishi Corporation (MC), PT Krama Yudha (KY) and Mitsubishi FUSO Truck and Bus Corporation (MFTBC) reached a basic agreement on restructuring MMC-brand vehicle sales operations in Indonesia in…
Japanese automaker Mitsubishi Motors Corp (7211.T) will resume domestic sales of eight vehicle models on Oct. 1, the company said on Friday, after correcting overstated mileage readings in its second cheating scandal this year. Japan’s sixth largest automaker…
Mitsubishi Motors Corp overstated the fuel economy on eight of its vehicle models, in addition to four others the embattled Japanese automaker admitted to earlier this year, the Nikkei newspaper reported on Tuesday. Japan’s transport ministry, which had been…
Mitsubishi Motors Corp. on Thursday revealed its new XM Concept crossover at the Gaikindo Indonesia International Auto Show. The XM Concept denotes X for crossover and M for multipurpose vehicle (MPV). Mitsubishi considers the vehicle a combination of the…
Major real estate firm Mitsubishi Estate Co. is planning to start a roughly 50 billion yen (about $438,616,000) redevelopment project featuring office buildings, apartments and hotels in what is now a run-down district in front of a central train station in…
Mainboard-listed Yoma Strategic Holdings announced on Wednesday a 50:50 joint venture with Mitsubishi Corp to distribute the Japanese cars in Myanmar. The joint venture company, MM Cars Myanmar Ltd, will be responsible for the distribution (wholesale), retail…
With its decision to end auto production in the U.S., where Detroit’s Big Three and global giants dominate, Mitsubishi Motors Corp. has become the latest second-tier car maker to shift its focus away from crowded, mature markets to smaller emerging economies…
