Australia govt gives Mitsubishi A$50 mln funding

Newswire

CANBERRA, May 21 (Reuters) - The Australian government said on Friday it would give Mitsubishi Motors Corp A$50 million ($35 million) to assist a restructure, and expressed relief at the company's decision to retain one of its two Australian plants. Mitsubishi, unveiling a keenly awaited rescue plan, said earlier in Tokyo it would close its engine assembly plant in the South Australian state capital, Adelaide, as part of a plan to revive the company after a policy of extending easy car ...

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