Mitsubishi Motors bids to revive financing unit
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TOKYO Mitsubishi Motors, Japan&#39;s only unprofitable automaker, is seeking a partner to revive a finance unit that was responsible for more than half of a record operating loss in North America in the year to last March.
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TOKYO : The brokerage arm of Japan&#39;s biggest lender, the Mizuho Financial Group, and Norinchukin Bank, the umbrella bank for farmers&#39; cooperatives, are considering expanding their ties, an official said.
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Troubled Japanese automaker Mitsubishi Motors Corp. will tie up with Merrill Lynch and Co. in North American financing operations as part of its business rehabilitation efforts.
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Magna International Inc., Canada&#39;s largest auto parts supplier, offered to buy out shares in three units for as much as C$1.3 billion ($1.
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Sallie Mae's chairman yesterday said the student loan giant had offered to consider a new bid from buyout firm J.C. Flowers & Co., only to be rebuffed.
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Mitsubishi Motors Corp. suggested Thursday it is in talks with DaimlerChrysler AG to review the existing partnership arrangements between them.
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Japan's Mitsubishi Motors Corp announced a long-awaited deal with the Russian government on Friday that would grant it financial incentives to assemble cars locally.
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TOKYO - Mitsubishi Heavy Industries said today it&#39;s in talks to buy a plot of land in central Japan&#39;s Nagoya city from Mitsubishi Motors for building aircraft parts.
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Scandal-hit Mitsubishi Motors of Japan has reported a group net loss of $A1.824 billion in the first half of the 2004 business year, compared with a loss of $A1 billion a year earlier.
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Mizuho Securities Co. is considering accepting equity investments from Norinchukin Bank to bolster its capital base and strengthen its ties with financial institutions affiliated with agricultural cooperatives, sources said.
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By JOSEPH COLEMAN  TOKYO - Japan's beleaguered Mitsubishi Motors Corp. reported its first quarterly profit since 2004 as the weaker yen lifted earnings in the October-December period.
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Japan's second-largest bank says it is committed to supporting struggling Mitsubishi Motors, despite denying it is preparing 100bn yen of fresh investment
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A major Japanese trading company is investing in Isuzu Motors Ltd., a truckmaker allied with General Motors Corp. of the United States, to strengthen a partnership in Thailand.
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LONDON, November 18  - Mitsubishi Corp (7211.TSE), Japanâs largest trading company, has agreed to purchase 11.75 million preferred shares, worth Â¥ 9.4 billion (US$ 90 million), of Isuzu Motors (ISU).
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The debt will finance an acceleration of its stock repurchase plan, which the company believes is one of the largest such steps ever.
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CBRL returns to tender auctioning to repurchase stock.
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Merrill Lynch is to buy $2bn of auto loans from Mitsubishi Motors (MMC) in North America as the two groups establish a joint venture to manage the Japanese carmaker&#39;s problem-filled lending portfolio.