2 hours ago
1
GlobalData
Thu, January 15, 2026 astatine 6:01 AM CST 1 min read
Mitsubishi Electric Corp. is reportedly readying to merchantability its automotive instrumentality business.
A Bloomberg study said the immense conglomerate plans to solicit bids for the unit, citing radical acquainted with the matter.
The study said the shaper volition judge first-round proposals until Jan. 26 from imaginable buyers – who could beryllium from backstage equity oregon different large automotive suppliers.
The merchantability could beryllium worthy implicit $1.3 billion, the study suggested.
Analysts accidental the slowdown successful electrical conveyance income – notably successful the US – arsenic good arsenic highly competitory conditions successful large markets (such arsenic China) are making it much hard for parts suppliers (Mitsubishi Electric’s car part specialises successful inverters and automotive motors) to beryllium profitable.
Mitsubishi Electric has been looking to restructure its automotive instrumentality concern successful caller years.
"Mitsubishi Electric readying merchantability of automotive concern – report" was primitively created and published by Just Auto, a GlobalData owned brand.
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