Feb 18, 2014

Mitsubishi Motors workers in line for raise

by Megumi Iizuka

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 ...

Carmakers join push to spread charging stations

Jul 29, 2013

Carmakers join push to spread charging stations

Domestic automakers led by Nissan Motor Co., producer of the zero-emission Leaf car, said they’ll team up to build up the number of the charging stations across the country to speed up adoption of electric cars. Nissan, Toyota Motor Corp., Honda Motor Co. and ...

New Mitsubishi-Nissan minicar goes on sale

Jun 7, 2013

New Mitsubishi-Nissan minicar goes on sale

Nissan Motor Co. and Mitsubishi Motors Corp. started selling a jointly developed minivehicle in Japan on Thursday, aiming to catch up with rivals such as Daihatsu Motor Co. and Suzuki Motor Corp. The new vehicle — sold under the brand name of DAYZ by ...

Nissan, Mitsubishi kick off joint minicar production

May 21, 2013

Nissan, Mitsubishi kick off joint minicar production

Nissan Motor Co. and Mitsubishi Motors Corp. on Monday started manufacturing a jointly developed minivehicle to be launched on June 6 across Japan. The two automakers together command about 10 percent of the minivehicle market. By cooperating, they think they can increase that to ...