UPDATE 1-Mitsubishi Motors doubles annual op profit

Newswire

(Adds background, details) TOKYO, April 24 (Reuters) - Japan's fourth-largest auto maker, Mitsubishi Motors Corp, said on Thursday that cost cuts and robust sales helped its profits more than double last year, but analysts believe a soggy U.S. economy and intense competition will restrict growth this year. Like its bigger rivals Toyota Motor Corp and Nissan Motor Co , Mitsubishi is struggling to keep sales growing strongly in the key U.S. market, where local auto makers are competing ...

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