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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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More Mitsubishi articles

Japan Government Urges Mitsubishi to Speed Up Recalls
Japan’s transport ministry advised Mitsubishi to speed up the recalls, the same day the automaker made another recall. Japan’s transport ministry said that Mitsubishi delayed recalls for two years as it ...
Mitsubishi Reduces Production in Japan Due to Low Demand for Sedans
Mitsubishi plans to reduce production at one of its Japanese plants by almost 40% due to decreased domestic demand and exports. Mitsubishi will reduce production at the Mizushima plant, located in ...
Mitsubishi Investigates EVs and Hybrids Battery Overheating Problems
Today, March 27th, Mitsubishi asked 4,000 owners of its EVs and hybrids to avoid charging their cars due to an investigation into overheating batteries. Two incidents triggered this investigation: a fire ...
Mitsubishi GR-HEV Concept officially unveiled
The Japanese based automaker Mitsubishi has recently pulled the wraps off its latest creation, the GR-HEV Concept, ahead of its public debut scheduled for the 2013 Geneva Motor Show. Mitsubishi has ...
Mitsubishi teasing two new concepts for the 2013 Geneva Motor Show
The Japanese based automaker Mitsubishi has recently released a couple of teaser images with two new concept cars which will be unveiled next month in Geneva. According to the car manufacturer, ...
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 ...
Mitsubishi recalls 14,700 EVs due to brake problem
Mitsubishi Motors Corporation announced it would recall about 14,700 electric vehicles worldwide due to a brake problem specific to electric cars. The recall is one of the biggest callbacks involving the ...
Recall roundup: Mitsubishi electric vehicles globally
The Japanese based automaker Mitsubishi has recently announced a global recall for its electric vehicles because of a problem with their braking systems. According to the car manufacturer, a total of ...
Mitsubishi Mirage to be launched in the U.S. next year
Mitsubishi is planning to launch the all-new Mirage into the United States next year, where the model is expected to arrive in showrooms in September. After it was unveiled not too ...

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