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In late 2010, Mitsubishi and Guangzhou Automobile Group signed a memorandum of understanding to set up a new equally owned joint venture by restructuring Changfeng. [17] Although this would have required Mitsubishi to increase its ownership to fifty percent, [ 10 ] in 2011 Mitsubishi sold its entire stake in the company, instead.
The numbers do not in any way relate to each other or across letter codes and were purely issued in order of development. In 1964 the three companies were merged into Mitsubishi Heavy Industries and eventually a new naming system emerged. Since the introduction of the 2G10 engine in October 1968, Mitsubishi engines use a four-digit naming ...
[8] [5] Mitsubishi became a partner in the joint venture in 2006. [5] In April 2008, Soueast was awarded a contract to supply 5,700 Delica minibuses to the Iranian Mehreghan Co. [9] [10] In the same year, Jackie Chan was signed on as a Mitsubishi brand ambassador for Mainland China markets. [11]
As of 2019, Yulon Motor Group is the largest shareholder at over 40%, and China Motor is considered part of the Yulon Motor Group. 13.97% of the company is owned by Mitsubishi. [2] All of CMC's models are of Mitsubishi origins, adjusted to appeal to the Taiwanese market. Since 1995, CMC has invested in China's South East Motor Corporation.
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Mitsubishi Motors will stop producing vehicles in China, in the latest sign of retreat by foreign automakers in the world’s biggest car market.
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