Category
- Agriculture
- Automobiles and Machinery
- Bank, non banking financing, investment
- Blasting
- Construction
- Consumables
- Education
- Energy
- Engineer , Architecture and Geodesy
- Finance, Audit,Accounting and Brokerage
- Food
- Foreign Trade
- Geology Exploration
- Health
- Information Technology
- Insurance
- Labor Safety
- Legal and Business consulting
- Lighting
- Mining equipment
- Mining Services
- Other product and service
- Road
- Sewing and textile products
- Transportations
- Travel
Events
Mitsubishi Motors posts net loss of $1.2 billion www3.nhk.or.jp
Scandal-hit Mitsubishi Motors has posted a net loss of about 1.2 billion dollars for the April to June period.
The maker's earnings report released on Wednesday shows sales fell 14 percent to about 4 billion dollars from the same period last year.
The production and sales of mini-vehicles, which accounted for 60 percent of the firm's sales, were suspended for 2-and-a-half months after the fuel efficiency data scandal came to light in April.
The maker earmarked nearly 1.2 billion dollars in special losses. They include compensation for parts suppliers and Nissan Motor. Mitsubishi had supplied 2 types of mini models to Nissan.
Mitsubishi officials say new car sales fell 43 percent year-on-year in Japan as the scandal damaged its brand image.
Executive Vice President Koji Ikeya told reporters that orders for mini-vehicles are recovering, but it's not easy to win back consumer trust. He says tough times are likely to continue.
Published Date:2016-07-28
