Mitsubishi motors to inject $5.34bn into R&D
The automotive giant is aiming to spend 5% of annual sales on equipment and the same proportion on research and development, likely totaling more than 200 billion yen a year.
In China, Mitsubishi Motors will spend around 10 billion yen to build a new plant that has the capacity to produce 150,000 engines yearly, slated to begin operations in 2018.
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