Mitsubishi Motors requests loan of 300 billion yen New Coronavirus April 29, 13:57

With the spread of new coronavirus infections, the performance of automobile manufacturers is becoming more severe. It was found that Mitsubishi Motors Corporation is in talks with the bank to receive a loan of 300 billion yen in order to keep the funds on hand.

According to a person involved, Mitsubishi Motors requested a total of 200 billion yen in loans from major banks such as the main bank Mitsubishi UFJ Bank as well as the Development Bank of Japan.

Also, overseas, we are in discussions to receive a loan of about 100 billion yen, and we plan to secure a total of 300 billion yen.

Mitsubishi Motors downwardly revised its financial results for the fiscal year ending March 31, resulting in a net loss of 26 billion yen, due to global sales including the main Asian market declining due to the spread of the new coronavirus infection. It is expected to be.

Although the company has no problem with the funds it has, it seems that it has the aim of securing more funds in preparation for the prolonged impact.

In the automobile industry, Toyota Motor Corp. is demanding that it set up a lending line of 1 trillion yen in line with its main banks, and Nissan Motor Co., Ltd. will receive a loan of 500 billion yen for the time being, and will receive a new loan. We are proceeding with discussions such as establishing a frame.