Nov 26, 2015

Philippines to probe 'sudden acceleration' in Mitsubishi vehicles

Philippine regulators will investigate accidents involving Mitsubishi Motors Corp.’s Montero Sport vehicles after complaints that they can speed out of control. The Trade Department formed a panel that will conduct the probe and recommend actions including a possible product recall or sales ban, if ...

Mitsubishi Motors to shutter U.S. plant if no buyers found

Jul 27, 2015

Mitsubishi Motors to shutter U.S. plant if no buyers found

Mitsubishi Motors Corp. will stop making vehicles in the United States this year and will close down its plant in Illinois if no buyers are found. The automaker officially announced Monday it will cease producing the Outlander Sport at the Bloomington-Normal plant at the ...

Jul 24, 2015

Mitsubishi Motors to end U.S. car production: sources

Mitsubishi Motors Corp. has decided to withdraw from vehicle production in the United States as part of its efforts to focus more on growing Asian markets, sources said Friday. The Tokyo-based automaker plans to sell its plant in Illinois, where the company currently manufactures ...

Feb 18, 2014

Mitsubishi Motors workers in line for raise


Mitsubishi Motors Corp. President Osamu Masuko says the automaker is considering raising employees’ pay and also resuming dividend payments for the first time in over 16 years in fiscal 2013, reflecting its recovery from a decade of slumping sales. Asked during a recent interview ...

MMC's net profit surges to record ¥88 billion

Feb 5, 2014

MMC's net profit surges to record ¥88 billion

Mitsubishi Motors Corp. said Wednesday its group net profit for the April-December period soared fivefold from a year earlier to a record ¥88.41 billion, driven by the yen’s depreciation despite a decline in sales in Thailand. Its operating profit grew 135.4 percent to ¥96.30 ...

Dec 26, 2013

MMC investors OK raising funds via public offering

Shareholders of Mitsubishi Motors Corp. approved proposals Thursday allowing the firm to raise up to ¥210 billion in a public offering to buy back preferred shares and improve its finances. The automaker will use the funds to purchase about ¥380 billion in preferred shares ...

Oct 28, 2013

Toyota sales top GM's during third quarter

Toyota Motor Corp. outsold General Motors Co. and all other carmakers for the second time in three quarters, in the latest example of how Japan’s largest manufacturers are benefiting from “Abenomics.” Toyota and its subsidiaries sold 2.5 million vehicles worldwide in the July-September period, ...

MMC on verge of ¥200 billion public share offering

Sep 12, 2013

MMC on verge of ¥200 billion public share offering

Mitsubishi Motors Corp. is nearing a decision to raise as much as ¥200 billion via a public offering of new shares as it seeks to reduce preferred stock held by other group companies, two sources with direct knowledge of the plan said. MMC will ...