Mitsubishi Motors, the
struggling Japanese carmaker, has secured a £250m loan, which it hopes will help
it in its efforts to restructure the business.
The loan comes a year after German-US group
DaimlerChrysler sold a minority
stake in the carmaker, falling a recall scandal at Mitsubishi.
In 2004, Mitsubishi admitted it had hidden faults to avoid bad publicity.
There has been some good news for investors after Mitsubishi reported a
smaller-than-expected loss for the six months from April to September.
Mitsubishi is Japan’s only loss-making
carmaker. It hopes to
return to profit for the full financial year ending March 2007.
Political and economic uncertainty behind the fall in confidence
Just Racing Services, operating company of the Manor Racing Formula One team has entered administration
Last year 16 oil and gas companies became insolvent, finds Top Ten firm Moore Stephens
Team Rock the publication of classic rock is in administration with FRP Advisory