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Itochu Corp. says that it and an investment fund have set up a new company to take over main operations of used car dealership Bigmotor Co., which had been mired in an insurance fraud scandal.
Japanese trading house Itochu Corp. plans to acquire used car dealership Bigmotor Co. mired in an insurance fraud scandal, sources with knowledge of the matter said Wednesday. Itochu plan
Japanese trading house Itochu Corp plans to acquire used car dealership Bigmotor Co mired in an insurance fraud scandal, sources with knowledge of the matter said Wednesday. Itochu plans to take over Bigmotor's used car sales business in the hope of bolstering Itochu's existing automobile division. The trading house is…
Japanese trading house Itochu Corp says it is considering investing in Bigmotor Co in a bid to help reconstruct the used car dealership mired in an insurance fraud scandal. Itochu, together with its subsidiary Itochu Enex Co and investment fund J-Will Partners, won exclusive negotiation rights and will launch due…
Japanese trading house Itochu Corp. says it is considering investing in Bigmotor Co. in a bid to help reconstruct the used car dealership mired in an insurance fraud scandal.