TOKYO -- Mitsubishi Motors has requested 300 billion yen ($2.8 billion) in financing from domestic and foreign lenders as the coronavirus pandemic clouds the outlook for the auto industry, Nikkei learned Tuesday.
This total includes 200 billion yen from Japanese private- and public-sector financial institutions. The automaker is in talks for a syndicated loan from MUFG Bank, Mizuho Bank and Sumitomo Mitsui Banking Corp., among other companies, and has asked for emergency funding from the state-backed Development Bank of Japan.
