Mitsubishi Motors Corp. unveils the details of a ¥450 billion ($4 billion) bailout plan that the company’s newly installed Chairman Yoichiro Okazaki calls “our last chance at survival as an auto maker.” The 3-year “MMC DNA” turnaround plan – which sees the company back in the black by next year – hinges on a 17% scale-back in global capacity including the closure of a plant in Japan; massive cuts to both the white- and blue-collar workforce and the eventual reduction of platforms by more ...

Premium Content (PAID Subscription Required)

"Printer-friendly" 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!

For pricing and subscription information please contact
Amber McLincha by email: or phone: (248) 799-2622

Current subscribers, please login or CLICK for support information.

Already registered? here.