Mitsubishi Motors Corp. announced Monday it has cut its losses for the first fiscal half to Sept. 30 compared with the previous year, thanks mainly to a weaker yen and cost-cutting efforts.
The automaker logged an operating loss of 5.5 billion yen from April to September, against a 19.8 billion yen loss for the same period last year.
Net loss came to 16.1 billion yen, an improvement from the 63.8 billion yen loss posted a year ago, with sales rising 1.4 percent, year-on-year, to about 1 trillion yen.