JAPAN/CHINA: Mitsubishi restructures Chinese venture
Mitsubishi Motors Corporation (MMC) and Guangzhou Automobile Group (GAC Group), each holding a 14.59% and 29% stake in GAC Changfeng Motor (GAC Changfeng) respectively, have signed a memorandum of understanding (MOU) to make GAC Changfeng into a new new joint venture owned 50% each by MMC and GAC Group.
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