UPDATE 1-Mitsubishi Motors posts Q1 loss, keeps forecast


* Q1 op loss at 29.6 bln yen vs 26 bln yen consensus estimate * Keeps annual profit forecasts on cost cuts * Shares extend gains, up 4.2 pct after results (Adds background, share price) TOKYO, July 30 (Reuters) - Japan's Mitsubishi Motors Corp posted a quarterly loss on Thursday as car sales plunged, and it kept its annual profit forecasts, relying on emergency cost reductions. Mitsubishi Motors, maker of the Pajero sport utility vehicle, had been counting on its big presence in ...

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