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Mitsubishi Electric shares gain on restructuring of loss-making car parts business

Dow Jones Newswires Published: April 24, 2023 at 9:52 p.m. ET Mitsubishi Electric Corp. shares JP:6503 rose sharply Tuesday morning after the company announced the restructuring of its loss-making car equipment business. Shares were recently 4.7% higher at 1,706.5 yen ($12.71) after rising as much as 5.4% earlier. The company said Monday after market close

mitsubishi-electric-shares-gain-on-restructuring-of-loss-making-car-parts-business

Dow Jones Newswires

Mitsubishi Electric Corp. shares JP:6503 rose sharply Tuesday morning after the company announced the restructuring of its loss-making car equipment business.

Shares were recently 4.7% higher at 1,706.5 yen ($12.71) after rising as much as 5.4% earlier.

The company said Monday after market close that it would discontinue its car multimedia…

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