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Dow Jones Newswires: Mitsubishi Electric shares gain on restructuring of loss-making car parts business

Jones

Dow Jones Newswires

Mitsubishi Electric Corp. shares JP:6503 rose sharply Tuesday morning after the company announced the restructuring of its loss-making car equipment business.

Shares were recently 4.7% higher at 1,706.5 yen ($12.71) after rising as much as 5.4% earlier.

The company said Monday after market close that it would discontinue its car multimedia…

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