Tokyo, Apr 23, 2004 - (JCN Newswire) - One April 23, there were media reports on the decision by DaimlerChrysler AG not to participate in a capital increase planned by Mitsubishi Motors Corporation. Mitsubishi Heavy Industries, Ltd., Mitsubishi Corporation and The Bank of Tokyo-Mitsubishi, Ltd. announced a joint statement on this matter as follows:
Mitsubishi Heavy Industries Ltd., Mitsubishi Corporation, and The Bank of Tokyo-Mitsubishi Ltd. have been involved in discussion with DaimlerChrysler AG (DC) regarding plans for the restructuring of Mitsubishi Motors Corporation (MMC).
Today, DC made an unexpected announcement regarding this matter, and we are currently in the process of confirming the details.
Mitsubishi Heavy Industries Ltd., Mitsubishi Corporation, and The Bank of Tokyo-Mitsubishi Ltd. will continue to make concerted efforts to support the revitalization of MMC.
About Mitsubishi Heavy Industries
Mitsubishi Heavy Industries, Ltd. (TSE: 7011, 'MHI'), headquartered in Tokyo, Japan, is one of the world's leading heavy machinery manufacturers. MHI's diverse lineup of products and services encompasses shipbuilding, power plants, chemical plants, environmental equipment, steel structures, industrial and general machinery, aircraft, space rocketry and air-conditioning systems. For more information, please visit the MHI website at www.mhi.co.jp.
Contact:
Mitsubishi Heavy Industries, Ltd.
Mitsubishi Corporation
The Bank of Tokyo-Mitsubishi, Ltd.
Apr 23, 2004
Source: Mitsubishi Heavy Industries
Mitsubishi Heavy Industries (TSE: 7011) (U.S: MHVYF)
From the Japan Corporate News Network
http://www.japancorp.net
Topic: General Announcement
View more news from these Sectors: Automotive, Automotive
|
Print
Alerts
