Mitsubishi Motors U.S. rebound may take time-paper

Newswire

FRANKFURT, Nov 22 (Reuters) - Hard-pressed Japanese carmaker Mitsubishi Motors Corp. (MMC) may need longer than originally thought to stage a rebound in the North American market, its chief executive was quoted as saying. Mitsubishi had expressed hopes in May when presenting a reorganisation plan that U.S. sales would bottom out this year, industry paper Automotive News said on Monday. "But frankly, I think it will take until 2005" before sales hit bottom and the turnaround begins, it ...

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