Mitsubishi Electronics to form 50-50 JV with Hon Hai for auto parts unit
Mitsubishi Electronics is reported to be moving a stake in its auto parts division into a joint venture with Hon Hai, structured on a 50-50 ownership basis. The arrangement, which could be completed by May, has been viewed as a step toward reforming a non-core, low-margin business but leaves open questions about consolidation and the depth of the r…