Mitsubishi Motors Corp. sells its 7.93% stake (43.5 million shares) in Malaysian auto maker Proton for 396 million ringgit ($104 million). The sale brings additional support to Mitsubishi’s ailing balance sheet. The auto maker recently raised its full-year loss forecast and is in the midst of developing a restructuring plan to right its course. The sale does not include the 7.93% stake held by parent Mitsubishi Corp.
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