Mitsubishi expects a massive loss this year due to the coronavirus pandemic

Mitsubishi expects a massive loss this year due to the coronavirus pandemic

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Mitsubishi Motors Corp. reported Monday a 176 billion yen ($ 1.7 billion) loss for April-June, and forecast more red ink for the fiscal year, as the coronavirus pandemic slammed auto demand around the world. The shaky results come as Mitsubishi Motors’ alliance partners Nissan Motor Co. and Renault of France work to recover from the downfall of their former chairman, Carlos Ghosn. Ghosn was out on bail, awaiting trial on various financial misconduct allegations in Tokyo, when he fled late last

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Mitsubishi expects a massive loss this year due to the coronavirus pandemic originally appeared on Autoblog on Mon, 27 Jul 2020 08:45:00 EDT. Please see our terms for use of feeds.

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