Mitsubishi may invest $125 mln in Chinese partner

Newswire

SHANGHAI, June 29 (Reuters) - Mitsubishi Motors Corp. has restarted talks to increase its investment in Chinese partner Hunan Changfeng Motors Co. Ltd. , which could result in the Japanese auto maker spending at least $125 million, a senior Chinese executive said on Thursday. Mitsubishi, which owns 16.07 percent of Hunan Changfeng, signed a memorandum of understanding in 2000 to raise its stake to 50 percent or set up a 50-50 joint venture. But the plan was shelved, mostly because of ...

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