Business / Corporate Dec 21, 2020
Minoru Makihara, former Mitsubishi Corp. president, dies at 90
The Harvard graduate played an active role in Japanese and American business circles.
Business Dec 17, 2020
Mitsubishi Aircraft Corp. will halt operations at a U.S. flight test site after its parent announced a decision in October to freeze the development of a small passenger jet, informed sources said Wednesday. Operations at the Moses Lake Flight Test Center in Washington state will ...
Business / Corporate | Regional voices: Chubu Nov 13, 2020
Pride before a fall: Why Mitsubishi Aircraft's SpaceJet project is grounded
The SpaceJet was launched in 2008 as the Mitsubishi Regional Jet (MRJ). Its first delivery, initially planned for 2013, has been delayed six times and cost ¥1 trillion so far.
Business Nov 5, 2020
Fugitive auto executive Carlos Ghosn settles scores in new French book
by Tara Patel
The former chairman of Nissan and Renault, who has denied financial misconduct charges, has long said he was set up to prevent deeper integration between the automakers.
Business / Corporate Oct 23, 2020
Mitsubishi Heavy mulls near-freeze of regional jet development
Delivery of the Mitsubishi SpaceJet, previously called the Mitsubishi Regional Jet, has already been put back from 2013 to 2021.
Business Oct 16, 2020
Mitsubishi Motors and Thai government firm to develop EV-to-home power supply
Mitsubishi Motors Corp. has agreed with Thailand's national power generator to cooperate in developing a system that would enable electric vehicles to power homes in case of blackouts and for other purposes. The automaker's local arm, Mitsubishi Motors (Thailand) Co., signed a memorandum of understanding ...
Business / Financial Markets Oct 13, 2020
Buffett-led share price boom short-lived for most Japan trading firms
by Gearoid Reidy, Shoko Oda and Stephen Stapczynski
The August announcement, among the largest investments ever made by Buffett in Japan, boosted investor interest in the trading companies.
Business / Corporate Aug 31, 2020
Berkshire Hathaway takes stakes topping $6 billion in Japan's top five trading companies
by Katherine Chiglinsky and Stephen Stapczynski
Shares in the trading houses leaped on news of the foray, one of billionaire Warren Buffett's biggest in Asia’s second-largest economy.
Business Aug 20, 2020
Japanese trading giant Itochu edges traditional rivals by shunning energy and metals
by Masumi Suga
Itochu is shattering the old pecking order led by Mitsubishi, Mitsui and Sumitomo by extending its lead as the nation's most valuable trader.
Business Jun 15, 2020
Mitsubishi Aircraft to scale down passenger jet development operation and cut half of workforce
The company will close all of its overseas bases except for a flight test site in the U.S., a source said.
Business / Corporate May 23, 2020
Mitsubishi Heavy Industries Ltd. is planning to slash the number of employees working on its struggling regional jet business amid bleak demand for aircraft due to the coronavirus pandemic, sources close to the matter have said. The plan, revealed Friday, comes as its aircraft subsidiary, ...
Business / Corporate May 11, 2020
Mitsubishi Heavy to halve budget for delay-prone passenger jet project
Mitsubishi Heavy Industries Ltd. said on Monday it will halve the budget for its problematic passenger jet project to ¥60 billion for the year ending next March. The decision on the midsize SpaceJet comes as the company's bottom line takes a beating from the coronavirus ...