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Mitsubishi Motors Invests 21 Billion More in Thailand Base.
By Santan Santivimolnat, Bangkok Post, Thailand Knight Ridder/Tribune Business News
Jan. 16--Mitsubishi Motors Corp (MMC) will invest 21 billion baht to develop a new one-ton pickup truck and expand its Thailand unit into its global light truck production base, says president and chief executive Rolf Eckrodt.
The new investment comes on top of a previous injection of 15 billion baht into MMC Sittipol Co (MSC), the local Mitsubishi manufacturer and distributor, to improve its financial standing in 1999. The holding of the Thai partners -- the Lee-issaranukul and Panchet families -- was reduced to 1 percent from 10 percent.
An executive ...
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Source: HighBeam Research, Mitsubishi Motors Invests 21 Billion More in Thailand Base.