JP Morgan to invest Y25 bln more in MMC-paper


TOKYO, June 28 (Reuters) - J.P. Morgan Chase will invest 25 billion yen ($233 million) more than originally planned in troubled Mitsubishi Motors Corp (MMC), raising the total value of a rescue package to 500 billion yen, a local newspaper said on Monday. MMC said in May it had secured a $4 billion bailout under which U.S. bank J.P. Morgan Chase would buy 100 billion yen of preferred shares that come without voting rights while Phoenix Capital, a Tokyo-based investment fund, would acquire ...

Premium Content (PAID Subscription Required)

"JP Morgan to invest Y25 bln more in MMC-paper" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.

more data and Insights


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×