Weak Yen, Strong Hybrid Sales Boost Mitsubishi's Profit Outlook

Newswire

TOKYO, Dec 20 (Reuters) - Japan's Mitsubishi Motors Corp lifted its operating profit forecast for this financial year by 20 percent to 120 billion yen ($1.2 billion) on Friday, helped by a weakening yen, cost cuts and strong sales of the Outlander SUV plug-in hybrid. The carmaker also said raised its net profit outlook for the financial year ending in March 2014 by 23 percent to 100 billion yen. The company will hold an extraordinary shareholders' meeting on Dec. 26 to prepare for a ...

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