China: Mitsubishi Electric to set up auto parts company

Japanese electrical and electronic equipment manufacturer Mitsubishi Electric Corporation will establish a new automotive equipment company in Changshu, in China's Jiangsu province, in April 2011. The new company, Mitsubishi Electric Automotive (China), will entail paid-in capital of US$30m. Mitsubishi Electric Corp will hold 90% of the new company, while Mitsubishi Electric Subscribe to Automotive World … Continued

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• March 10, 2011