Tag - mitsubishi-motors

 
 

MITSUBISHI MOTORS

BUSINESS / Companies
Oct 28, 2016
Mitsubishi Motors logs ¥36 billion quarterly loss as mileage scandal slashes sales
Mitsubishi Motors Corp. on Friday reported its first quarterly operating loss in nearly six years as the automaker struggles to recover from a slump in domestic sales after admitting to overstating the mileage of its vehicles.
Japan Times
BUSINESS / Companies
Oct 20, 2016
Ghosn to become chairman of Mitsubishi Motors
Nissan Motor Co. CEO Carlos Ghosn announced Thursday he will become chairman of Mitsubishi Motors Corp., vowing to help reform the struggling automaker.
Japan Times
BUSINESS / Companies
Sep 9, 2016
Mitsubishi Motors stays in cross hairs as Nissan rescue falls behind
Mitsubishi Motors Corp., raided three times by the transport ministry over its decades-long fuel economy scandal, could be searched again by the regulator as a planned rescue by Nissan Motor Co. falls behind schedule.
Japan Times
BUSINESS / Companies
Jul 4, 2016
Nissan's 'Le Cost Killer' stirs fear in Okayama factory town
Investors cheered when Nissan Motor Co. Chief Executive Carlos Ghosn announced in May that his company would acquire a 34 percent stake of scandal-tainted Mitsubishi Motors Corp. as part of an expanded strategic partnership.
Japan Times
BUSINESS / Companies
Jun 22, 2016
Mitsubishi Motors sees first loss in eight years amid scandal
Mitsubishi Motors Corp. forecast its first loss in eight years after setting aside compensation costs related to manipulating fuel-efficiency ratings and falsifying test data.
Japan Times
BUSINESS / Companies
Jun 14, 2016
Mitsubishi Heavy to retain car stake while rescue plays out; will raise ¥200 billion from other sources
Mitsubishi Heavy Industries Ltd., the biggest shareholder in Mitsubishi Motors Corp., will hold onto its stake in the automaker that Carlos Ghosn is seeking to turn around following a fuel-economy test scandal.
Japan Times
BUSINESS / YEN FOR LIVING
Jun 11, 2016
Fuel-efficiency scandal could end up hitting car buyers in the pocket
The entire auto industry has had its image damaged in the mileage scandal, which means the transport ministry will likely require all carmakers to carry out stricter testing that will cost much more money.

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