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Mitsubishi Reports Record Profit for Fiscal Year 2012/2013


Mitsubishi’s net profit for financial year ended March increased 58.7% to record 38.0 billion yen ($382.4 million). Mitsubishi managed to reach the record profit thanks to Japan’s green car subsidies, costs cuts and the yen’s fast depreciation. For the first quarter the automaker reported an operating profit of 26.5 billion yen, up 5.2% compared with the same period last year. For ...
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Report: India’s new car market expected to shrink for the first time since 2003
New car sales in India are expected to fall for the first time in a decade due to a sharp economic slowdown, high loan rates and rising fuel prices, according ...
Mitsubishi Motors reports strong profit growth for April – December 2012
Mitsubishi Motors Corporation has posted a net profit up 27 percent for the nine months to December, due to higher sales in Asia and cost cuts. Mitsubishi Motors Corporation (MMC) posted ...
Japan: Automobile production up 243 percent in March
The Japan Automobile Manufacturers Association said Friday that automobile production in March 2012 was recorded as 984,567 units – an increase of 580,630 units or 243.7 percent compared to March ...
Toyota forecasts FY worldwide sales of 7.38 million vehicles, profit down 54 percent
Toyota Motor Corp., on Friday said the company has sharply downgraded its earnings and total sales forecast for this fiscal year through March. The Japanese automaker expects to book a net ...
Mazda: $512 Million Loss In Second Half
Mazda Motor Corp. stated that the company registered a $512 million loss during first half of its 2012 fiscal year, compared with the $7 million profit registered in ...
New Mitsubishi Lancer AWD for US
The Japanese car manufacturer Mitsubishi has announced the introduction of a new all-wheel drive version of its popular Lancer model for the US auto market. Even though the manufacturer is already ...
Forecast: Toyota raises profit forecast by 39 percent
Toyota Motor Corp. raised its net profit target for the fiscal year by nearly 40%, citing a quicker than expected recovery from the March 11 earthquake. It is hiring as many ...
Mitsubishi Motors announced global production sales and export for August 2008
Tokyo, September 25, 2008 — Mitsubishi Motors Corporation today announced global production, as well as domestic sales and export figures for August 2008. Production: total and in Japan Total global production came ...

latest automotive news
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