Over $5.35 billion Mitsubishi Motors R&D investment

The Japanese automaker Mitsubishi Motors Corp has ambitious plans to invest more than 600 billion yen, which is equal to $5.35 billion, into capital and research and development (R&D). The investment will take place over the next three years.

The company will spend 5% of annual sales on equipment and R&D, and will be used for the development of innovative electrified vehicles to be produced in China and Indonesia.

This significant R&D investment is part of the company’s bid to turn around its business after recent scandals of fuel economy test manipulation.

Are you working on innovative ways to turn around your company to make it more successful? You may be eligible for the R&D Tax Credit and can receive up to 14% on your expenses, even if your experiments were not successful. To find out more, please contact a Swanson Reed R&D Specialist today.

Swanson Reed regularly hosts free webinars and provides free IRS CE credits as well as CPE credits for CPA’s.  For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

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