UPDATE 1-Australia govt gives Mitsubishi A$50 mln funding

Newswire

(Adds comments from prime minister in para five and Mitsubishi Australia CEO in para nine) CANBERRA, May 21 (Reuters) - The Australian government said on Friday it would give Mitsubishi Motors Corp A$50 million ($35 million) to help a restructuring and expressed relief at the company decision to retain one of its two Australian plants. Earlier in Tokyo, Mitsubishi said it would close its engine assembly plant in Adelaide, South Australia, by October 2005 as part of a plan to revive the ...

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