Mitsubishi Motors Corp. has asked its German partner, DaimlerChrysler AG, Bank of Tokyo-Mitsubishi and other Mitsubishi group firms to provide around 120 billion yen in financial aid to a planned truck and bus subsidiary, MMC officials said Thursday.
MMC plans to set up the subsidiary by spinning off its truck and bus division.
With the spinoff and investment plan, MMC wants to revive the profitability of its truck and bus operations, they said.