Mitsubishi Motors Corp. saw a fiscal third-quarter net loss of ¥4.3 billion ($36.3 million), up from ¥49.4 billion ($416.9 million) year-ago. Net revenue fell 2% to ¥538 billion ($4.5 billion) from ¥547 billion ($4.6 billion) in the year-ago period. Like other Japanese auto makers that recently released their third-quarter earnings, Mitsubishi credits the weak yen for the upswing in earnings. Lower advertising costs in the U.S. and Europe also are cited as a reason for the increase. ...
Premium Content (PAID Subscription Required)
"Mitsubishi Q3 Net Loss Improves" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.