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 ...

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- andheavy-duty truck volumes
•Historical data and much more!

For pricing and subscription information please contact
LisaWilliamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.