Looking to grow in China, Mitsubishi Motors Corp. reportedly will buy a portion of the 50% stake of Southeast Fujian Motor Corp. of China owned by Taiwan’s China Motor Corp. Mitsubishi says it has inked a memorandum of understanding with China Motor to discuss the size of the stake it would buy in Southeast Fujian Motor, a joint venture of China Motor and Fujian Motor Industry Corp. China Motor, in which Mitsubishi owns a 14% stake, said in September it would sell 15% of Southeast Fujian ...
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