The story of Mitsubishi keeps getting worse but there might be a silver lining. In the April-June quarter the car company lost 54.7 billion yen compared to 51 billion a year earlier. 54.7 billion yen equals $492 million. In Japan sales were down 38 percent and were down one third in the U.S. A stream lining plan us underway which already cost 1,200 Illinois workers their jobs, but the outlook isn't rosy for their native sons either as a Japan Assembly plant is scheduled to close to save costs as well. Where's that silver lining you ask? Is seems the company somehow managed to raise investors despite the fact that Daimler Chrysler decided not to bail the company out. Even Mitsubishi's debt has been reduced in the last year. Perhaps there is a chance we'll see that new Eclipse yet.

Share This Photo X