TAIPEI, May 21 (Reuters) - China Motor , Taiwan's second-largest automaker, said on Friday it had joined a $4 billion bail-out of Mitsubishi Motors Corp by buying 10 billion yen ($88 million) of preferred shares in the Japanese manufacturer. The move will help strengthen cooperation between the two companies, China Motor said in a statement. Mitsubishi, Japan's fourth-largest carmaker, said on Friday it had secured $4 billion in emergency rescue funds to shore up its balance sheet and ...
Premium Content (PAID Subscription Required)
"Taiwan's China Motor joins Mitsubishi bail-out" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.