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May 03, 2024
 

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MITSUBISHI MOTORS

Japan Times
BUSINESS / Companies
Dec 14, 2016
Ghosn pledges Mitsubishi Motors' return to profitability as chairman
Nissan Motor Co.'s top executive Carlos Ghosn pledged Wednesday to rebuild trust in Mitsubishi Motors Corp. and return the loss-making carmaker to profitability, as he was approved by shareholders as the new chairman of the scandal-tainted automaker.
BUSINESS / Companies
Oct 28, 2016
Mitsubishi Motors logs ¥36 billion quarterly loss as mileage scandal slashes sales
Mitsubishi Motors Corp. on Friday reported its first quarterly operating loss in nearly six years as the automaker struggles to recover from a slump in domestic sales after admitting to overstating the mileage of its vehicles.
Japan Times
BUSINESS / Companies
Oct 20, 2016
Ghosn to become chairman of Mitsubishi Motors
Nissan Motor Co. CEO Carlos Ghosn announced Thursday he will become chairman of Mitsubishi Motors Corp., vowing to help reform the struggling automaker.
BUSINESS
Sep 16, 2016
Transport ministry stiffens penalties for mileage manipulation
The transport ministry on Friday introduced new penalties for automakers who manipulate mileage data, including production suspensions, as the deceptions issued by Mitsubishi Motors Corp. and Suzuki Motor Corp. continue to mar the reputation of the Japanese auto industry.
Japan Times
BUSINESS / Companies
Sep 9, 2016
Mitsubishi Motors stays in cross hairs as Nissan rescue falls behind
Mitsubishi Motors Corp., raided three times by the transport ministry over its decades-long fuel economy scandal, could be searched again by the regulator as a planned rescue by Nissan Motor Co. falls behind schedule.
Japan Times
BUSINESS / Companies
Aug 31, 2016
Fuel data 8.8% worse for eight models than Mitsubishi Motors claimed: ministry
The transport ministry says mileage figures for eight Mitsubishi Motors Corp. models affected by a fuel-efficiency scandal were up to 8.8 percent poorer than their catalog data.
Japan Times
BUSINESS / Companies
Aug 12, 2016
Mitsubishi Motors reveals XM Concept crossover SUV in Indonesia
Mitsubishi Motors Corp. on Thursday revealed its new XM Concept crossover at the Gaikindo Indonesia International Auto Show.
Japan Times
BUSINESS / Companies
Jul 6, 2016
Ghosn tasks top lieutenant to hunt for Mitsubishi Motors savings
Carlos Ghosn has tasked one of his top lieutenants at Nissan Motor Co. to identify cost savings at Mitsubishi Motors Corp. as it acquires a stake in the rival automaker.
Japan Times
BUSINESS / Companies
Jul 4, 2016
Nissan's 'Le Cost Killer' stirs fear in Okayama factory town
Investors cheered when Nissan Motor Co. Chief Executive Carlos Ghosn announced in May that his company would acquire a 34 percent stake of scandal-tainted Mitsubishi Motors Corp. as part of an expanded strategic partnership.
Japan Times
BUSINESS / Companies
Jul 4, 2016
Mitsubishi Motors resumes minicar output at factory hit by mileage scandal
Mitsubishi Motors Corp. on Monday resumed production of four minicar models at a plant in western Japan, following a 2½ month suspension as a result of a fuel data manipulation scandal.
BUSINESS / Companies
Jul 1, 2016
Mitsubishi Motors, Nissan restart sales of scandal-affected minicars
Mitsubishi Motors Corp. and Nissan Motor Co. restarted sales of Mitsubishi-produced minicar models on Friday after a 2½-month hiatus following the revelation of fuel-economy data manipulations for the vehicles.
Japan Times
BUSINESS / Companies
Jun 29, 2016
Mitsubishi's May auto sales halve amid mileage scandal; Nissan also hurt
Mitsubishi Motors Corp.'s domestic vehicle sales more than halved in May from a year earlier after the automaker was hit by a fuel economy manipulation scandal, data showed Wednesday.
Japan Times
BUSINESS / Companies
Jun 23, 2016
Mitsubishi Motors may resume minicar production in July to ease pressure on suppliers
Mitsubishi Motors Corp. is preparing to resume minivehicle production, possibly on July 4, company sources said Thursday.
Japan Times
BUSINESS / Companies
Jun 22, 2016
Mitsubishi Motors sees first loss in eight years amid scandal
Mitsubishi Motors Corp. forecast its first loss in eight years after setting aside compensation costs related to manipulating fuel-efficiency ratings and falsifying test data.
Japan Times
BUSINESS / Companies
Jun 21, 2016
Mitsubishi gets OK to continue making minicars at center of mileage scandal
The transport ministry gives Mitsubishi Motors the go-ahead to keep making four minicars tainted by its fuel-efficiency scandal that get 11 percent worse mileage than advertised.
Japan Times
BUSINESS / Companies
Jun 15, 2016
Mitsubishi Motors used improper fuel economy data on over 10 older models: sources
The firm reveals it used improper fuel economy data on more than 10 models that are no longer being sold.
Japan Times
BUSINESS / Companies
Jun 14, 2016
Mitsubishi Heavy to retain car stake while rescue plays out; will raise ¥200 billion from other sources
Mitsubishi Heavy Industries Ltd., the biggest shareholder in Mitsubishi Motors Corp., will hold onto its stake in the automaker that Carlos Ghosn is seeking to turn around following a fuel-economy test scandal.
Japan Times
BUSINESS / YEN FOR LIVING
Jun 11, 2016
Fuel-efficiency scandal could end up hitting car buyers in the pocket
The entire auto industry has had its image damaged in the mileage scandal, which means the transport ministry will likely require all carmakers to carry out stricter testing that will cost much more money.
BUSINESS
Jun 6, 2016
Suzuki, MMC hit by minicar sales slump
Two Suzuki Motor Corp. minicar models were among the top 10 best-selling vehicles in Japan in May, but sales were still down on last year amid revelations of improper fuel-testing methods, industry data released Monday showed.
BUSINESS / Companies
Jun 1, 2016
Mitsubishi, Nissan see minicar sales plunge after fuel economy scandal
The nation's major minicar makers, including Mitsubishi Motors Corp. and Nissan Motor Co., saw their sales tumble in May in what is believed to be fallout from the fuel economy cheating scandal, data from an industry body showed Wednesday.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Did Japan intervene to prop up the yen? Analysts think it did.
A man walks past an electronic board displaying the exchange rate for the yen against the U.S. dollar (right) in Tokyo on Tuesday.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.
Number of vacant homes in Japan hits record high of 9 million
A vacant house in Tokyo is seen demolished in January 2020.
Weak yen fattens tourist wallets in Japan
People visit the Ameya Yokocho market in Tokyo's Ueno district during the Golden Week holiday on Tuesday.
Kishida sets sights on energy and climate in South America trip
Prime Minister Fumio Kishida will use a policy speech in Sao Paulo to set out his vision for ties between Japan and South America, almost 10 years after former Prime Minister Shinzo Abe advocated for stronger ties between the two in the same city.
Yellow sand allergy: A health issue made worse by climate change
A screenshot of the Meteorological Agency's satellite image of clouds and yellow sand (in pink) on Sunday.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.

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