The new firm, named M-TEC, will be set up on October 1 and based at Mugen's headquarters in Asaka on the northern outskirts of Tokyo, while retaining Mugen's brand name and 150-strong workforce, a company statement said.
"We will not just seek a new image or frame of mind. We need to create a new environment in which we work flat-out to maintain good relations with our associates," Nagaosa said.
AND
"We reached the conclusion that a new entity is necessary to continue our operations while being involved in criminal and civil court proceedings over the charges," Nagaosa said.
Yeah, with a lot of take-overs it affects the product to some extent. It will be interesting to see how this affects the performance parts market and Mugen in general. I hope they only get better... (and cheaper) :P
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