Mitsubishi Motors

Mitsubishi Motors Corporation was formed in 1970 from the automotive division of Mitsubishi Heavy Industries and is part of the Mitsubishi keiretsu, formerly the biggest industrial group in Japan. Popular models include the high-performance Lancer.

Australia loses last carmaker as Toyota plans exit by 2018

Toyota will close its Altona plant in Melbourne in 2017. Photo: EPA

Toyota Motor will stop making cars in Australia in less than four years, it said yesterday, banging the final nail in the coffin of the country's vehicle industry, despite appeals to stay by Australian Prime Minister Tony Abbott.

Friday, 8 May, 2015, 4:37pm

Towngas signs HK$3.8b loan deal

Towngas yesterday signed a HK$3.8 billion five-year syndicated loan facility agreement with a group of banks. Jointly arranged by the Bank of Tokyo-Mitsubishi UFJ, Mizuho Corporate Bank and Citi, it was oversubscribed by more than 70 per cent. The money will be used to refinance a HK$3 billion credit facility agreement dating back to 2006 and support the company's general funding.

11 Feb 2011 - 12:00am

Ella Koon finds a way to escape the shutterbugs - all men will have to make their own way home

Canto-pop star Ella Koon Yan-na (pictured) reckons she has found a way to escape Hong Kong's paparazzi. The 30-year-old star has decided not to drive with men - and that includes her boyfriend, whom she didn't name.

24 Jun 2010 - 12:00am

Streets ahead

Volvo C70

5 Jan 2008 - 12:00am

home of firm's ex-chief raided

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 to come clean in an earlier cover-up scandal.

15 Jun 2004 - 12:00am

Car wholesaler denies talks

Victory Group, a wholesaler for left-hand drive cars, yesterday denied reports it was in talks with Mitsubishi Corp (Hong Kong), over plans for Mitsubishi to increase its stake from 3 per cent to 10 per cent.

Victory Group said it was unaware of the reasons for a recent sharp increase in the company's share price.

23 Nov 1998 - 12:00am

Japanese firms set up Shanghai units to expand textile output

Japanese trading firms plan to expand textile production in the mainland, targeting markets in both countries. Itochu Corp plans setting up a local unit in Shanghai on November 1 to develop and produce textiles, the Nihon Keizai Shimbun said yesterday.

20 Jul 1998 - 12:00am

Firm eyes mainland expansion

Wo Kee Hong (Holdings) plans to establish a strategic sales and marketing alliance with Mitsubishi Heavy Industries to optimise the distribution results of the Japanese company's air-conditioners in the mainland.

22 Jun 1998 - 12:00am

Harbin, Mitsubishi in engine-plant talks

Harbin city, in northeastern Heilongjiang province, is negotiating with Japanese car-maker Mitsubishi on investing in a joint venture for car engines, municipal officials say.

The city's Foreign Investment Administration Bureau chief, Yang Yidian, said discussions had been held between Mitsubishi Motor Corp and Harbin Aircraft Plant for some time.

11 Oct 1997 - 12:00am

Mitsubishi move

Japan's Mitsubishi Motors Corp plans to produce Galant cars in Taiwan at an affiliate, switching from imports from the United States, company officials say. The affiliate, China Motor Co, is likely to begin the local production next year, although details were yet to be decided, an official said yesterday. 'One reason for the move is to avoid the import duty' of 35 per cent, he said.

16 Sep 1997 - 12:00am

$2b deposit issue for bank

Bank of Tokyo-Mitsubishi has launched a $2 billion floating rate certificate of deposit issue via lead arranger Tokyo-Mitsubishi International through its Hong Kong branch.

11 Jul 1997 - 12:00am

Wah Lee in outlet deal

Distribution company Wah Lee Resources Holdings says it has reached agreement to distribute its products to about 100 sales outlets across China operated by the China National Overseas Chinese Corporation.

The group is a member of the China Travel Service Corp.

19 Jun 1997 - 12:00am

Family raises Ryoden stake

The majority shareholder of property firm Ryoden Development says the Hu family has paid $546.18 million to acquire 25.26 per cent of the issued share capital of the company from Ryoden (Holdings).

Ryoden (Holdings) is a private company jointly owned by the Hu family, Mitsubishi Electric Corp and Mitsubishi Corp.

30 May 1997 - 12:00am

Hu family in Ryoden move

A company ultimately owned by the Hu family has increased to 33.9 per cent its stake in Ryoden Development after exercising an option granted to it by Mitsubishi Electric Corp to buy 85 million shares at $2 each.

Before the deal, the family, which runs Ryoden, held a 24.58 per cent stake.

24 Jan 1997 - 12:00am

IFC makes $1b issue

International Finance Corp has issued a local $1-billion fixed rate note over 21/2 years.

Yield at issue is 6.835 per cent annually, or 18 basis points over equivalent Exchange Fund paper.

IBJ Asia is lead managing the deal, with Oakreed Financial and Tokyo Mitsubishi International HK.

25 Jun 1996 - 12:00am