Mitsubishi Gets Cash Infusion to Execute Restructuring Plan

Deal with PSA Peugeot-Citroen to Build SUVs will Bolster Mitsubishi's Production Operations

Mitsubishi's tri-diamond logo and bold block lettered brand name shows up just about everywhere. From televisions, computer

The the sheer number of business verticals Mitsubishi Corp. is involved in is astounding. (Photo: Trevor Hofmann, Canadian Auto Press)

equipment, heavy machinery, electrical machinery, precision machinery, pulp and paper, metal products, chemicals, heavy-duty trucks, financial services, insurance, and cars of course.

And then there are the companies that it owns which don't share its branding, such as Nikon, Kirin Brewery, Nippon Oil, plus hotels, textiles and apparel manufacturers, a temporary work agency, and the list goes on. Check it out for yourself at www.mitsubishi.com (press Mitsubishi Companies at top); the sheer number of business verticals it is involved in will astound you, let alone the many

Money won't be a problem for Mitsubishi Motors Corp. anymore, at least for the short term. (Photo: Trevor Hofmann, Canadian Auto Press)

companies within those categories.

The only division that gets mentioned within these pages on a regular basis is its car arm Mitsubishi Motors Corp. (MMC), of course, and lately not only for its dynamically engaging cars, SUVs and now light trucks, but also for its questionable business practices and associated money woes.

Money won't be a problem anymore, at least for the short term. A $5.25 billion USD line of credit has been granted to the automaker, although the structure of this second major bailout within the last 12 months, could spell the end of Mitsubishi's independence as an automaker.