Mitsubishi Motors beats expectations, target kept

Newswire

TOKYO, April 27 (Reuters) - Mitsubishi Motors Corp. on Thursday posted better-than-expected annual results, scoring an operating profit for the first time in three years, but stuck to its profit targets for the next two years as it struggles to restore its key U.S. business. The restructuring Japanese auto maker has seen its domestic sales improve thanks to the new Outlander SUV and i minicar, but demand in the United States, where Mitsubishi used to make all of its money, has sunk almost ...

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