MMC to seek Y250 bln in restructuring funds-source

Newswire

TOKYO, April 30 (Reuters) - Mitsubishi Motors Corp will work on a restructuring plan costing around 250 billion yen ($2.28 billion), part of which will be used to expand its output capacity in the Philippines tenfold, a Mitsubishi group source said. Japan's fourth-largest auto maker will invest tens of billions of yen to raise capacity in the Philippines to 200,000 units a year, more than 10 times higher than at present, the source told Reuters. The auto maker had been considering ...

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