Mitsubishi Motors wants to increase its stakes in two Chinese vehicle assembly joint ventures but local partners will determine by how much.
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The Nikkei business daily said MMC wants as much as a 50% slice of each within one or two years but cited company president Osamu Masuko as saying the automaker may have to settle for less because Chinese partners will also have a say.
The automaker currently holds a 15% stake in a Guangzhou Automobile Group JV which builds its Pajero SUV and 25% of a Fujian Motor Industry Group venture which assembles the Lancer sedan.
MMC’s Russian JV with PSA has just begun assembling SUVs.
