Blog: Dave LeggettMMC's debt issue

Dave Leggett | 24 April 2003

Buried in Mitsubishi's announcement of its 'best-ever' profits for fiscal 2002 is the statement that MMC's gross interest bearing debt is now lowered to 1 trillion yen - which can be broken down into 572 billion yen for automotive debt and 428 billion yen for financial services debt. Guess the people at DaimlerChrysler aren't exactly champing at the bit to take control of MMC and consolidate that little lot into DC's accounts. Something they'll prefer to keep at arm's length, along with MMC's legendary management failings.


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