JAPAN: Mitsubishi back in black after three years
Mitsubishi Motors yesterday reported its first net group profit for three years - $89 million - citing cost reductions achieved with help from DaimlerChrysler, which holds a 37.3% stake. "It's only a milestone in the three-year turnaround plan," chief operating officer Rolf Eckrodt told reporters. "The domestic market remains our major challenge."
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