JAPAN: Mitsubishi predicts profit growth slowdown
Mitsubishi Motors has forecast a sharp slowdown in profit growth this year, warning of an earnings drop in the key US market and a long haul before it breaks even at home, Reuters reported. Mitsubishi, owned 37% by DaimlerChrysler, said it expected group operating profit to rise 8.7% to 90 billion yen ($US770 million) in the year to next March, in line with analysts' forecasts, Reuters said, noting that the restructuring company reported operating profit growth of 106% in the just-completed financial year.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable