Proud that his company's forecasting is right on-target, Mitsubishi Motors president Osamu Masuko announced that it will post a loss in the current fiscal year of $540.4 million, or 64 billion yen. The loss, while still substantial, indicates that whatever tourniquet Mitsubishi applied to its gaping wound is working -- it improves upon last year's losses by 410.8 billion yen. The news came on the heels of an announcement by Masuko of an alliance between Mitsubishi and Proton Holdings Bhp.

Share This Photo X