Mitsubishi Motors Sets up R&D Center in China.Tokyo, Japan, Apr 13, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) ) - Mitsubishi Motors Mitsubishi Motors Corporation (三菱自動車工業株式会社 is commissioning a research and development center in mainland China as its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. . Capitalized Capitalized Recorded in asset accounts and then depreciated or amortized, as is appropriate for expenditures for items with useful lives longer than one year. at 30 million yen (US $254,000), Lingfa Car Technical Consulting (Shanghai) will be Mitsubishi's third R&D unit outside Japan. The new R&D center will concentrate on providing quality assurance of locally produced components and speedy customer service. With the planned addition of research facilities, the R&D center will be able to support the development of Mitsubishi brand vehicles and the operations of local companies in which Mitsubishi holds equity stakes. Copyright [c] 2006 Japan Corporate News Network. All rights reserved. |
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