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Bangladesh

Rancon Auto, and Mitsubishi announce JV to assemble vehicles in Bangladesh

On April 22, multiple sources reported that Bangladesh-based Rancon Auto Industries Ltd (RAIL) announced a joint venture with Mitsubishi Corporation to assemble vehicles in Bangladesh. Under the agreement, Mitsubishi will take a 25% equity stake in Rancon Auto, which began local production of the Mitsubishi Xpander i....

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