mitsubishi corp news

* NEUROSCIENTIFIC BIOPHARMACEUTICALS LTD - SIGNED MANUFACTURING SERVICE AGREEMENT WITH MITSUBISHI CORPORATIONJapanese conglomerate Mitsubishi Corp could potentially take a 10% stake in French carmaker Renault as part of scenarios being discussed to reinforce an alliance between Renault, Nissan and Mitsubishi Motors, Les Echos newspaper reported on Thursday.Japanese trading house Mitsubishi Corp <8058.T> and Chubu Electric Power <9502.T> said on Wednesday that they have completed a 4.1 billion euro ($4.5 billion) acquisition of Dutch energy firm Eneco on March 24.Carlos Ghosn, the fugitive former auto executive, used a joint venture between Nissan and Mitsubishi to inflate his pay, effectively clawing back a cut to his declared wages, and to cover a personal tax debt, lawyers for the companies said on Monday.Nissan informed a Dutch court on Monday that it would request that former boss Carlos Ghosn repay the compensation he received from its Dutch-based joint venture with Mitsubishi, a source close to the Japanese carmaker said.Japan's Mitsubishi Corp <8058.T> is watching developments from the coronavirus outbreak for effects on the global economy and prices of natural resources, its finance chief said after the trading house reported a drop in net profitJapanese trading house Mitsubishi Corp is closely watching the development of a spreading coronavirus in China as it will affect the global economy and prices of natural resources, its chief financial officer said on Wednesday.Renault and its Japanese partners Nissan and Mitsubishi said on Thursday that their plans to set up a new framework would make their alliance stronger and more competitive.French carmaker PSA said on Wednesday it did not know if 1.6 liter diesel engines it supplied to Japanese carmaker Mitsubishi <7211.T> between 2015 and 2018 are part of a probe in Germany.Japanese carmaker Mitsubishi is being probed by German prosecutors for suspected use of illegal defeat devices installed in its diesel engines, the Frankfurt prosecutor's office said on Tuesday.French carmaker PSA on Wednesday appointed two executives it recently recruited from the Renault-Nissan-Mitsubishi alliance to head up its DS and Citroen brands, and named them to its global executive committee.Digital mapping company HERE Technologies sold a 30% stake to Mitsubishi Corp <8058.T> and Nippon Telegraph and Telephone Corp (NTT) <9432.T>, diluting German carmakers' stake to 54% amid uncertainty about the profit potential from autonomous cars.Digital mapping services provider HERE Technologies said on Friday Japan's Mitsubishi Corp and Nippon Telegraph and Telephone Corp (NTT) would jointly buy a 30% stake in the company.Royal Dutch Shell, Mitsubishi Corp and Trafigura presented bids for a contract to lift some 20.2 million barrels of Ecuadorean crude between 2020 and 2023, the Andean country's energy minister told reporters on Tuesday.Renault-Nissan-Mitsubishi said on Friday that in coming days it planned to appoint a General Secretary for the alliance in a bid to boost operational efficiency.A group led by Japan's Mitsubishi Corp <8058.T> will buy Eneco in a deal valuing the Dutch energy firm at 4.1 billion euros ($4.52 billion), Eneco said on Monday, beating off rival bids from Shell and private equity firm KKR .Eneco, the Dutch energy company owned by 44 cities, has agreed to be purchased by a consortium led by Japan's Mitsubishi Corp in a deal that values it at 4.1 billion euros ($4.52 billion), it said on Monday.Quote and financial data from Refinitiv. Mitsubishi Corp forecasts $2.8 bn hit to annual profit from COVID-19 Q1 profit falls 77%, sees a 65% drop in FY2020/21 profit. Japanese trading house Mitsubishi Corp reported on Thursday a 77% plunge in net profit for the April-June quarter and predicted annual profit will tumble by 63% as the COVID-19 outbreak will wipe out... | …
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The global sales volume in fiscal year 2019 was 1,127,000 units, and the net sales of Mitsubishi Motors for fiscal year 2019 was 2.27 trillion yen.

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