TOKYO, Feb 19 (Reuters) - Japanese auto maker Mitsubishi Motors Corp said on Thursday that it planned to hold a shareholders' meeting in April to seek authorisation for a capital increase.
Chief Executive and President Rolf Eckrodt told a news conference that a new medium-term business plan would be supported by DaimlerChrysler AG , which has a stake of 37 percent, and other Mitsubishi group companies.
Eckrodt, who will have been president for two years in June, said a two-year term was normal for presidents of Japanese companies. Speculation has swirled that his job may be on the line because of the company's poor performance.