Apr 28, 2014

NTT, Mitsubishi ink tie-up deal

Nippon Telegraph and Telephone Corp. and Mitsubishi Heavy Industries Ltd. said Monday they have reached a tie-up deal related to information and communications technology. Under the five-year agreement, the results of NTT’s research and development projects will be applied to Mitsubishi Heavy’s social infrastructure ...

Japanese cars face fight in Myanmar

Feb 6, 2014

Japanese cars face fight in Myanmar

Used Japanese cars are flooding Myanmar, thanks to duty reductions and deregulation since President Thein Sein’s government was inaugurated in 2011 in a shift to civilian rule. The trend, however, will likely be challenged by increased competition from European and U.S. carmakers that are ...

Jan 10, 2014

Mitsubishi said to weigh bid for Sendai Airport

Mitsubishi Corp., the nation’s biggest trading house, may bid for the rights to operate Sendai Airport, according to two sources. Mitsubishi may try to team up with another Japanese firm when the government starts an auction of the 30-year concession later this year, one ...

Jan 2, 2014

Mitsubishi, Mitsui pull out of deal to buy Aussie LNG

Mitsubishi Corp. and Mitsui & Co. have withdrawn from an agreement to buy liquefied natural gas from Woodside Petroleum Ltd.’s Browse venture in Australia after delays to the project. The Mitsui and Mitsubishi venture, Japan Australia LNG, won’t go ahead with the purchase of ...

MMC to boost minicars with new alliance

Nov 6, 2013

MMC to boost minicars with new alliance

by Masaaki Kameda

Mitsubishi Motors Corp. President Osamu Masuko said Wednesday the automaker will develop new minivehicles, including an electric version, for the global market through its newly announced collaboration with the Renault-Nissan Alliance. “We feel minisize electric vehicles will be accepted well in the market,” Masuko ...

Driving systems in spotlight at high-tech fair

Oct 2, 2013

Driving systems in spotlight at high-tech fair

Automakers rolled out their advanced driving technologies and IT-equipped vehicles for the opening of Japan’s major high-tech fair Tuesday. More carmakers are joining electronics companies at the CEATEC Japan exhibition this year as vehicles increasingly employ advanced information technology. Honda Motor Co. and Mazda ...

Feb 4, 2013

Mitsubishi's net hit by defense gouging

Mitsubishi Electric Corp. said Monday its group net profit in the April-December period plunged 40.1 percent from a year ago to ¥49.14 billion due in part to refunds made to the Defense Ministry and others for purposely overcharging on defense contracts. Mitsubishi Electric, one ...