Mitsubishi Motors loses $4.39 bln in 04/05

Newswire

TOKYO, May 23 (Reuters) - Japan's Mitsubishi Motors Corp. (MMC) sank deeper into the red last year, hit by plunging sales in the United States and at home, and projected another year of loss as it struggles to patch up its brand image. Net loss for the year to March 31 more than doubled to 474.79 billion yen ($4.39 billion) from 215.42 billion yen in 2003/04 as restructuring costs and provisions for asset impairment charges rose, MMC reported on Monday. That was basically in line with ...

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