Mitsubishi spurs U.S. units

Mitsubishi spurs U.S. units

TOKYO (AFP): Japan's Mitsubishi Motors Corp. has decided to inject US$350 million into its two U.S. units in a bid to offset accumulated losses, a company spokesman said yesterday.

Under the plan, Mitsubishi is to invest an extra $100 million in Mitsubishi Motors Manufacturing America and another $250 million in Mitsubishi Motors Sales America, said the spokesman for the Japanese car maker, which has teamed up with Daimler-Benz of Germany.

The two units have suffered a total of $1.7 billion losses due to sluggish sales, following the damage of its corporate image after Mitsubishi Motor was sued over sexual harassment practices at its U.S. unit, he said.