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 ...
Business Feb 12, 2020
Mitsubishi Aircraft has 'hundreds' of airline commitments for SpaceJet M100, exec says
Japan's Mitsubishi Aircraft Corp. has unannounced commitments from customers to buy hundreds of its SpaceJet M100 regional jets, but its first focus is on certifying its larger introductory model, the M90, a senior executive said on Tuesday. The company's biggest shareholder, Mitsubishi Heavy Industries, last ...
Business Feb 6, 2020
SpaceJet, the first Japan-built airliner in 50 years, delayed for sixth time
Mitsubishi Heavy Industries Ltd. has delayed the debut of its regional jet for the sixth time, raising questions about whether years of investment in the SpaceJet were worth the effort. Deliveries of the aircraft, which had been slated for the middle of this year, will ...
Business / Corporate Jan 25, 2020
Mitsubishi Aircraft again delays passenger jet delivery, this time until next year — or later
Mitsubishi Aircraft Corp. plans to push back the first delivery of its small passenger jet to next year or later in its sixth schedule delay, a source familiar with the matter has said. The Mitsubishi SpaceJet, previously Mitsubishi Regional Jet, was scheduled to be delivered ...
National Jan 22, 2020
Environment Minister Koizumi breaks ranks on Japan's financing of Vietnam coal plant
Environment Minister Koizumi criticized a coal-fired power plant project in Vietnam, calling into question the government’s financial support for the project amid a rising global outcry from climate activists.