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.
Hi! We notice you're using an ad blocker. Please consider whitelisting Autoblog.
We get it. Ads can be annoying. But ads are also how we keep the garage doors open and the lights on here at Autoblog - and keep our stories free for you and for everyone. And free is good, right? If you'd be so kind as to whitelist our site, we promise to keep bringing you great content. Thanks for that. And thanks for reading Autoblog.
Here's how to disable adblocking on our site.
- Click on the icon for your Adblocker in your browser. A drop down menu will appear.
- Select the option to run ads for autoblog.com, by clicking either "turn off for this site", "don't run on pages on this domain", "whitelist this site" or similar. The exact text will differ depending on the actual application you have running.
- Refresh the Autoblog page you were viewing. Done!
You still haven't turned off your adblocker or whitelisted our site. It only takes a few seconds.