Mitsubishi to receive equivalent of $10 billion in assistance

The $10 bil figure is a rough estimate of the 1.1 trillion yen Mitsu will get from shareholders, investors, and its own personal savings bank. The automaker's Japanese shareholders were tapped after DaimlerChrysler AG, the company's largest stake-owner, refused to invest more money in April. 130 billion yen has already been allotted for paying off debts. Mitsubishi has been in proverbial deep doo-doo since the recall of a staggering 800,000 vehicles, and the arrest of its former president because of the cover-up of some of some of these recalls. Edwin Merner, the head of the Tokyo-based Atlantis Investment Research Corp., asks, "How long will investors be willing to pump money into a company where recovery is not in sight?" Good question, Edwin.