AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Revamp of Mitsubishi Distributor to Include Capital Increase.
Byline: Santan Santivimolnat
Jul. 28--A capital increase, a shorter line of command and more say for Thai executives form part of restructuring under way at MMC Sittipol Co, the distributor of Mitsubishi vehicles.
The revamp, initiated by new president Toshiyuki Yamanishi, is part of the company's effort to strengthen its edge in the auto business.
Previously at the forefront of vehicle sales, MMC Sittipol, a joint venture between Mitsubishi Motor Corp and Thais, saw its performance shrink during the recession, with local sales trailing other Japanese brands. However, the company offset this by exporting more vehicles than other brands.
An industry source said the planned capital increase would be used mainly for debt repayment. Mitsubishi Motor Corp is now the major owner of MMC Sittipol, with the Thai partners having a marginal stake.
The source declined to reveal by how much the existing capital of 800 million baht would be increased. However, it would likely be on a lower scale than capital increases carried out by local arms of Toyota and Honda.
Thailand is Mitsubishi's production centre of light trucks for worldwide export.
- THAILAND: Construction plans for proposed $475,000,000 vehicle manufacturing...
- Newspaper article from: WWP-Business Opportunities in Asia & the Pacific February 1, 2003 700+ words
PROJECT OVERVIEW: The local MMC SITTIPOL CO. LTD., a subsidiary of Japan-based MITSUBISHI MOTORS...Steinle, CFO Andreas Wedemeyer, Chief Information Officer MMC SITTIPOL CO. LTD. 69-69/1-3 MU II, Phaholyothin Road, Tambol...
- Mitsubishi Motor Corp. Revamp in Thailand to Include Capital Increase.
- Newspaper article from: Knight Ridder/Tribune Business News July 30, 2001 700+ words
...restructuring under way at MMC Sittipol Co, the distributor...vehicle sales, MMC Sittipol, a joint venture between Mitsubishi Motor Corp and Thais, saw...repayment. Mitsubishi Motor Corp is now the major owner of MMC Sittipol, with the Thai...
- Revamp of Mitsubishi Distributor to Include Capital Increase.
- Newspaper article from: Knight Ridder/Tribune Business News July 28, 2001 700+ words
...restructuring under way at MMC Sittipol Co, the distributor...vehicle sales, MMC Sittipol, a joint venture between Mitsubishi Motor Corp and Thais, saw...repayment. Mitsubishi Motor Corp is now the major owner of MMC Sittipol, with the Thai...
- AMERICAN SUZUKI MOTOR CORP. ANNOUNCES NEW CHAIRMAN AND PRESIDENT; OTHER...
- Press release article from: PR Newswire June 30, 1993 700+ words
...30 /PRNewswire/ -- American Suzuki Motor Corp. announced today that effective July...executive vice president of American Suzuki Motor Corp., has been promoted to president...Nakano is a board member at Suzuki Motor Corp. headquarters in Japan. He joined Suzuki...
- American Suzuki Motor Corp. Strengthens Its U.S. Commitment With the...
- Press release article from: Business Wire December 11, 1998 700+ words
...Dec. 10, 1998--American Suzuki Motor Corp. (ASMC) Thursday announced the appointment...Suzuki began his career with Suzuki Motor Corp. in Japan in 1974. He joined Suzuki...responsible for the development of Suzuki Motor Corp.'s joint venture with General Motors...
- NISSAN MOTOR CORP IN U.S.A. REPORTS NOVEMBER SALES
- Press release article from: PR Newswire November 13, 1992 700+ words
NISSAN MOTOR CORP IN U.S.A. REPORTS NOVEMBER SALES CARSON, Calif., Nov. 13 /PRNewswire/ -- Nissan Motor Corp. In U.S.A. today reported sales for November 1992. NISSAN MOTOR CORP IN U.S.A. 1ST 10 DAYS 10--Day Results...
- AutoTradeCenter.com Launches Internet Remarketing Program for American Suzuki...
- Press release article from: Business Wire September 15, 2000 700+ words
...remarketing program for American Suzuki Motor Corp. (ASMC). The company's Internet...efficiencies to both American Suzuki Motor Corp. and its more than 380 franchised dealers...revolutionary process with American Suzuki Motor Corp., by providing a direct channel between...
- American Suzuki Motor Corp. Announces Pricing on 1999 Model Year Esteem Line;...
- Press release article from: Business Wire August 25, 1998 700+ words
...Aug. 25, 1998--American Suzuki Motor Corp. (ASMC) Tuesday announced the Manufacturer...Automotive Division of American Suzuki Motor Corp. (ASMC), Brea, was founded in 1985 by Suzuki Motor Corp. (SMC). ASMC markets automobiles...