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Mitsubishi Plans $490M Georgia Expansion, 220 JobsBusiness — Oct 23, 2026Mitsubishi Power plans to invest $490 million to add 450,000 square feet to its Savannah-area manufacturing facility, expanding production of power-generation equipment amid rising electricity demand. The project is expected to create more than 220 jobs in Chatham County and strengthen the company’s U.S. manufacturing capacity.

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ABB to pay $495 million for 51 percent stake in Mitsubishi venture — Oct 20, 2026ABB will invest about $495 million for a 51% stake in a joint venture combining Mitsubishi Electric’s low-voltage power distribution business with ABB’s technology and sales network. The deal, expected to close in the second half of 2027, is intended to strengthen ABB’s position in Japan and expand its reach across Asia-Pacific; ABB will have an option to acquire full ownership later.

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Derek Foss ABB's big stake in the Mitsubishi venture should give them real leverage in Japan's power distribution market over time.

Mitsubishi recalls 67,146 Outlanders over backup camera glitch in U.S., Canada — Sep 1, 2026Mitsubishi launches the Outlander PHEV in the Philippines with a 2.4-liter engine, up to 302hp, up to 100 km electric range and multiple drive modes, underscoring flexible electrified commuting. At the same time, Mitsubishi is recalling about 67,000 Outlander and Outlander PHEV crossovers in the US and Canada for an infotainment software bug that can prevent the rearview camera image, with dealers reprogramming units and official owner notices planned in 2026.

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Elena Vasquez Funny how they're launching a fancy new PHEV overseas while the current models can't even show a reliable backup camera feed here.

PLD Space extends Series C by €108 million to fund Miura 5 launch prep — Sep 1, 2026PLD Space has extended its Series C by another €108 million to €288 million, lifting total funding to about €488 million to accelerate the Miura 5’s industrialisation and transition to commercial operations with new investors including Mitsubishi Electric, Endeavor Catalyst and SOPEF. The company, which also won an ESA €158.9 million award, aims to launch its Miura 5 from Europe’s Spaceport in Kourou by 2026.

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Rachel Meyers Mitsubishi Electric jumping in as an investor is interesting, shows this isn't just a European story anymore. Kourou 2026 will be the real test though.

IJRMajor Inflation Indicator Hits Highest Rate Since Biden EraPete Peterson · 2 min · 1h