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Mitsubishi Motors earmarks $5.6bn for R&D and capital investment

Japanese automaker aims to lift already stellar ROE to 15% by fiscal 2019

A Mitsubishi Motors Eclipse Cross sport utility vehicle. The company's strategy of focusing on high-margin SUVs has worked well.

TOKYO -- In a move to improve its asset and profit performance, Mitsubishi Motors will spend more than 600 billion yen ($5.65 billion) on research and development and capital investment in three years through March 2020.

The automaker is expected to post a return on equity of just over 13% and return on assets of more than 6% this fiscal year. By the fiscal year through March 2020, it hopes to boost ROE and ROA to about 15% and 7.5%, respectively.

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