TOKYO, Oct 13, 2016 – (JCN Newswire) – Mitsubishi Corporation (MC) has reached an agreement with partners Mitsubishi Motors Corporation (MMC), Mitsubishi Fuso Truck & Bus Corporation (MFTBC), and Indonesia’s PT Krama Yudha (KY) regarding the restructuring of their automotive business in Indonesia.
MMC and MFTBC products are currently manufactured and distributed in Indonesia by the four partner joint venture Krama Yudha Tiga Berlian Motors (KTB). Effective April 2017, however, both brands will be administered separately in order to establish a more efficient structure and expand business in Indonesia, where the automobile market is expected to see continued growth.
KTB was established in 1970 as the core company for automotive producti…
Read the full article at: http://en.acnnewswire.com/press-release/english/32827/restructuring-of-automotive-production-and-distribution-business-in-indonesia
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