KYOTO — Mitsubishi Motors Corp. is set on obtaining a 15 percent share in the domestic market by 2006, not 2000 as originally targeted, MMC President Katsuhiko Kawasoe said March 27.

Kawasoe said severe market conditions have forced the company to push back the date it had set in its 1996-2000 business plan. The firm has adopted a new three-year plan and will focus on improving the company’s financial condition by 2000, he said. In the current business year, the firm is expecting to post an unconsolidated net loss of 28 billion yen and a consolidated net loss of 110 billion yen.

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