The Associated Press is reporting via MSNBC that a mere three days after U.S. investment bank Goldman Sachs Group Inc. bought a 12.4 percent stake in Mitsubishi Motors it has turned around and sold it all again save for a measly 1.04 percent. Sachs bought the Stake in Mitsu on Friday and had it almost completely sold by Monday morning. The new buyers are not known but are suspected to be a number of unrelated institutional investors. We have to believe that one of the nation's largest investment firms isn't dumb enough to make a to turn around an investment and dump it for a loss in three days, so perhaps Sachs had it planned this way all along and made some coin on the deal. Either way, Mitsubishi is now officially the most unloved car company in the world.


Share This Photo X