Mitsubishi Corporation plans to keep 22.23% stake in Mitsubishi Motors
Mitsubishi Corporation plans to retain its 22.23% stake in Mitsubishi Motors ahead of the Oct. 20 expiration of a 10-year sale restriction, multiple sources said. The move reflects Mitsubishi Motors’ share price staying below acquisition cost and the need to continue supporting corporate governance and global sales as the automaker rebuilds after 2000-era recall concealment scandals.