M'bishi Fuso posts $800 mln FY04 loss on recalls

Newswire

TOKYO, June 28 (Reuters) - Unlisted Japanese truck maker Mitsubishi Fuso Truck and Bus Co. said on Tuesday it booked a parent-only net loss of 88.18 billion yen ($807.2 million) in the business year ended March 31 after a series of vehicle recalls. A year earlier, Mitsubishi Fuso, held 85 percent by DaimlerChrysler AG , posted a net profit of 6.61 billion yen. The red ink was mainly due to a surge in special losses related to a 475 million euro ($577.9 million) charge booked by ...

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