TOKYO — It would be difficult if not impossible to minimize the depth of the troubles Mitsubishi Motors Corp. (MMC) is struggling with these days. “Mitsubishi is in at least as bad if not worse shape than Nissan Motor Co. Ltd.,” says Steve Usher, a senior analyst with Jardine Fleming Securities in Tokyo. “Mitsubishi is in difficult shape, trying to do everything with limited resources,” adds Koji Endo, deputy head of research, Schroder Securities Japan, citing overcapacity in Japan, Asia ...

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