Mitsubishi Motors Corporation (MMC), Mitsubishi Heavy Industries, Mitsubishi Corporation, and The Bank of Tokyo-Mitsubishi on Friday announced that they will draw up a new mid-term business plan aimed at revitalising MMC’s operations.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


Yoichiro Okazaki, managing director at Mitsubishi Heavy Industries, will head up a business revitalisation team within MMC which will finalise the plan within one month.


The announcement followed news on Thursday that DaimlerChrysler is to withdraw from MMC after failing to reach agreement with the Japanese investors on a recapitalisation programme.


DaimlerChrysler chief financial officer Manfred Gentz said on Friday that the company “may” classify its 37% Mitsubishi stake from ‘equity’ to ‘available for sale’.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Neonode has won the Innovation Award for Driver Monitoring Software for its camera-based, MultiSensing®-powered solution that delivers precise hands-on-wheel detection, regulatory-ready safety performance and low-footprint integration. Discover how Neonode is redefining driver monitoring, UX and compliance for next-generation semi-autonomous vehicles.

Discover the Impact