Mitsubishi Motors Corp. and its group companies, including leading shareholder DaimlerChrysler AG, began talks Wednesday aimed at drafting revival plans for the struggling automaker, informed sources said.
The measures under discussion include a capital boost, a reorganization of production plants and personnel cuts, according to the sources, who did not rule out the possibility that President Rolf Eckrodt and four other top executives would resign.
The Mitsubishi group may also ask the government to open the way for financial assistance under the Industrial Revitalization Law, including a loan scheme from the governmental Development Bank of Japan.