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Mitsubishi Motors to rev up R&D, capital spending

Investment back in focus as automaker puts scandals in rearview mirror

TOKYO -- Mitsubishi Motors plans to channel more than 600 billion yen ($5.34 billion) into capital spending and R&D over the three years through fiscal 2019, steering back toward growth investment after scandals forced the automaker to prioritize structural reform.

Specifics will be included in a new medium-term plan due out Wednesday, which will detail steps toward reaching previously announced targets such as global sales of 1.25 million vehicles and an operating profit margin of at least 6%.

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