TOKYO — Top executives say Mitsubishi Motors Corp. is on track to meet its restructuring objectives by 2004, including a 20% reduction in domestic production capacity, a 15% cut in component purchases and similar 15% downsizing of its workforce through the elimination of 9,500 jobs, mostly in Japan. MMC is expected to post a record net loss of nearly US$2.2 billion when fiscal-2000 business results are announced this month. In a recent press meeting, Chief Executive Takashi Sonobe and ...
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