MMC takes 25 pct stake in China's Southeast Motor

Newswire

TOKYO, April 12 (Reuters) - Japan's Mitsubishi Motors Corp. (MMC) said on Wednesday it planned to invest about 8.75 billion yen ($74 million) to buy a 25 percent stake in China's Southeast (Fujian) Motor Corp. from its Taiwan partner China Motor Corp. , sealing a long-awaited deal.

With the capital alliance, the Tokyo-based auto maker aims to beef up its Chinese operations by marketing more ...

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