Mitsubishi posts its first fiscal half operating loss of JPY32.5bn

Mitsubishi Motors’ operating loss for the first fiscal half amounted to JPY32.5bn, about JPY57.9bn lower from a year ago. Mitsubishi explained that a drop in sales volume and the strong yen overcame cost cuts.

The net loss of JPY36..4bn yen was down JPY49.2bn on last year’s net profit. Sales fell 53% to JPY573bn. MMC indicated that the H1 results were mostly in line with the forecasts that were announced on April 27. With no regions recording increases, global retail sales volume fell 26% to 445,000 units.
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theoptimisticpessimist - 10/30/2009 3:34:50 PM

+4 Boost

Why is the company in business. They have one good car(Lancer Evolution), not car line, just one good car. Styling the rival Acrua and cars the offer a level of excitement akin to a Maytag. People abash the domestics for bad cars, all are far better than this company.