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  1. Mitsubishi Motors to solicit new rescue funds

    Posted May 06th 2004, 12:00am by Staff Reporter

    ... Agence-France Presse in Tokyo Mitsubishi Motors will seek 400 billion yen (HK$28.34 billion) to 500 billion yen in rescue funds from group companies and other investors after its major ... sought 700 billion yen in financial aid, including 400 billion yen from DaimlerChrysler, to rehabilitate itself. The newspaper said Mitsubishi group companies were expected to accept new shares ...

  2. Mitsubishi recall includes 3 HK models

    Posted Jun 09th 2004, 12:00am by Elaine Wu

    ... Elaine Wu Three models of Mitsubishi vehicles sold in Hong Kong have been included in a widened recall by the Japanese carmaker. Super Exceed vans made before September 1994, Lancer diesel taxis made before August 1993, and Galant sedans made from November 1996 to February 1997 have to be sent back to the dealer. Mitsubishi Motors distributor Universal Cars, estimated ...

  3. home of firm's ex-chief raided

    Posted Jun 15th 2004, 12:00am by Staff Reporter

    ... Associated Press Police yesterday raided the home of the former president of Mitsubishi Motors Corp who was arrested last week on suspicion of hiding vehicle defects even after promising ... with five other former Mitsubishi Motors officials on Thursday on charges related to a cover-up of defects suspected in a fatal accident. In 2000, a man died after the brakes on his Mitsubishi truck ...

  4. Flawed diamond

    Posted May 15th 2004, 12:00am by Mutsuko Murakami

    ... the group are Japan's top bank, heavy industrial producer, trading company and several others, which each reign supreme in their respective industries. Mitsubishi companies have traditionally ... the popularity of its Pajero and other recreational vehicles. In 2000, DaimlerChrysler acquired a 37 per cent stake in the company and a majority stake in Mitsubishi Fuso, the truck and bus manufacturing ...

  5. Bad-loan costs play role in UFJ's $6.7b loss

    Posted Aug 07th 2004, 12:00am by Staff Reporter

    ... of March, pushing the bad-loans ratio to total loans up by 1.74 percentage points to 10.24 per cent. UFJ gave no year-on-year comparative figures because the company began compiling group quarterly ... a tie-up with bigger rival Mitsubishi Tokyo Financial Group but its plans have been marred by a court order to suspend merger talks. The Tokyo District Court on Wednesday rejected an appeal by UFJ ...

  6. Johnson buys 51pc of Israeli company

    Posted Nov 01st 2004, 12:00am by Staff Reporter

    ... companies' advanced technology through partnerships, joint ventures or mergers. Johnson Electric bought 49 per cent of Nihon Mini Motor, a unit of Mitsubishi Materials Corp, for US$12.3 million last ...

  7. Bank confident of keeping UFJ links

    Posted Sep 04th 2004, 12:00am by Enoch Yiu

    ... of Asia Financial, is the subject of a bidding war between Sumitomo Mitsui Financial Group and Mitsubishi Tokyo Financial Group. 'The takeover is not yet over so it is not certain who ... and retail banking portion of Asia Financial, said it had a close business relationship with Mitsubishi Tokyo, which appears to have a better chance of winning the takeover battle. Asia Financial, ...

  8. Passion for people carriers grows

    Posted Mar 05th 2004, 12:00am by Staff Reporter

    ... sold in Hong Kong last year were seven- and eight-seaters, according to figures from Mitsubishi, manufacturer of one of the trailblazers in the sector - the Spacewagon. The Spacewagon, launched ... Mitsubishi vehicles locally. 'They [families] don't necessarily need a seven-seater, but they think it is value for money,' he says. 'For a small extra price they can have two ...

  9. ABB aims to double China revenues

    Posted Oct 26th 2004, 12:00am by Staff Reporter

    ... as ABB faces increasing rivalry from the likes of Siemens, the Mitsubishi group of companies, General Electric and Alstom, the world's biggest players all aggressively vying for a bigger ... a goal to double revenues in China to US$4 billion and hire 5,000 new employees by 2008, riding on the country's surging demand for energy. The company said it would achieve annual growth ...

  10. Japanese market ripe for investment: consultant

    Posted Oct 27th 2004, 12:00am by Staff Reporter

    ... of ABN Amro Asset Management, which recently lined up through Ostara Partners with the Japanese conglomerate Mitsubishi Corporation to provide a property investment platform for global ...




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