Chinese PartnerMitsubishi Motors’ Chinese partner Guangzhou Automobile Group Co. may be interested in buying the company, Japanese media outlets have reported. Lu Sa, board secretary of Guangzhou Automobile Group Co., didn’t immediately reply to a text message seeking comment. The company has a joint venture with Mitsubishi Motors in China producing models including the Outlander and Pajero SUVs. Mitsubishi Motors hasn’t decided anything related to asset sales and is focused on its investigation, said Inada, the company spokesman. “It’s difficult to see positive factors regarding their earnings,” TIW’s analyst Takada said. “I have no idea how long this is going to last.”
|