Only four years ago, Mitsubishi Motors Corp. was on the verge of bankruptcy, and many were writing its epitaph. But last fiscal year, ended March 31, 2008, the Japanese auto maker’s operating profits spiked to ¥108.6 billion ($1.2 billion) for a remarkable 169% gain on like-2007, before plunging to ¥9.9 billion ($107 million) in the first three quarters of the current fiscal year. Mitsubishi now expects fiscal 2009 to end next month with operating profits plummeting to ¥5 billion ($54 ...

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