Mitsubishi Electric to restructure its Automotive-equipment business

By OEM Update Editorial May 4, 2023 5:15 pm IST

Mitsubishi Electric Corporation announced that it has decided to drastically restructure its automotive-equipment business in accordance with a resolution adopted at the company’s Executive Officers’ Meeting.
The restructure is designed to streamline decision-making in the business and accelerate the transformation of the company’s automotive-equipment business in the face of rapid changes in this industry, including the shift to connected, autonomous,  shared & service, and electric (CASE). Under the plan, Mitsubishi Electric now aims to spin off its automotive-equipment business in order to improve operational efficiency and restructure the business portfolio for greater profitability.
Last year, Mitsubishi Electric introduced a new Business Area structure to strengthen the company’s business portfolio by reorganizing it into business areas that have the delegated authority needed to act with speed and efficiency.