M'bishi Heavy to lead MMC rehabilitation-paper

Newswire

TOKYO, Jan 27 (Reuters) - Mitsubishi Heavy Industries Ltd. will lead the rehabilitation of ailing Mitsubishi Motors Corp. (MMC) and make it an affiliate, the Nihon Keizai business daily reported on Thursday. The paper said Mitsubishi Heavy would buy an additional 50 billion yen ($481 million) worth of MMC shares, raising its stake in the auto maker to over 15 percent from a little less than 10 percent currently. Mitsubishi Heavy chairman Takashi Nishioka will also serve as MMC's ...

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