Mitsubishi Motors Corp. on Tuesday reported a group net loss of ¥198.52 billion ($1.75 billion) for the business year through March 2017 amid expanding costs related to a fuel economy data manipulation scandal.
The automaker, which became part of Nissan Motor Co. last year, reported a consolidated operating profit of ¥5.12 billion, down 96.3 percent from a year earlier, on sales of ¥1.91 trillion, down 15.9 percent.
The company, however, said it expects to return to profitability in the current business year ending in March 2018 with a group net profit of ¥68 billion, as strong relations with Nissan are likely to help boost its corporate performance.