Mitsubishi Electric Corp. is reportedly planning to sell its automotive equipment business. A Bloomberg report said the vast conglomerate plans to solicit bids for the unit, citing people familiar with the matter. The report said the manufacturer will accept first-round proposals until Jan. 26 from potential buyers – who could be from private equity or other major automotive suppliers. The sale could be worth over $1.3 billion, the report suggested. Analysts say the slowdown in electric vehicle sales ...