Mitsubishi Motors forecasts slower profit growth

Newswire

TOKYO, May 26 (Reuters) - Japan's Mitsubishi Motors Corp forecast on Monday a sharp slowdown in profit growth this year as the yen's rise against the dollar and intense competition hit earnings from the key U.S. market. Japan's fourth-largest automaker, owned 37 percent by DaimlerChrysler AG , said it expected group operating profit to rise 8.7 percent to 90 billion yen ($769.6 million) in the year to next March, in line with with a consensus forecast of 90 billion yen in a survey of 15 ...

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