Mitsubishi Motors holdings dealer a 9% stake in Russia

According to the Asahi Shimbun reported, Mitsubishi Corporation (Mitsubishi Corp.) And Mitsubishi Motors Corporation (Mitsubishi Motors Corp.) Has announced, in order to more quickly respond to the needs of the local market in Russia, the two sides will holdings of Russian dealer Rolf Import 9% of the shares. The two sides said, after the reorganization of the capital structure, Rolf Group will hold a 42% stake in Rolf Import, Mitsubishi Corporation and Mitsubishi Motors Corporation will each hold a 49% and 9% of the equity. Russia Rolf Group is an importer and retailer of foreign brand cars, the company began in 1992 engaged in the distribution business of Mitsubishi Motors in Russia. The Russian auto market has been recovering from the financial crisis caused by the bankruptcy of Lehman Brothers, this market, new car sales in 2012 reached 2.9 million, a record high. Mitsubishi Motors new car sales in the Russian market in 2012 reached 74,000.