Mitsubishi Motors Corp. staged a recovery of sorts as it lost ¥21.65 billion ($194.4 million) in its fiscal first-quarter 2005, down from ¥54.69 billion ($491.1 million) in like-2004. However, revenues dropped 13% to ¥485.83 billion ($4.4 billion) vs. ¥557.60 billion ($5 billion) in first-quarter 2004. The auto maker is maintaining its previous estimate of a loss of ¥64 billion ($574.6 million) in fiscal 2005 due to continued aftershocks from recall scandals and bad financing schemes. ...
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