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Mitsubishi recorded $4.4 billion in loses for the fiscal year ended March 31. Last year the automaker lost $2
billion. The dying product mix in the U.S. is nothing compared to the problems they face in Japan after the “hide the
defects so we don’t have to pay for a recall” scandal. The losses were slightly worse than what it had forecast in
January. Mitsubishi hopes the new Eclipse will
start a whirlwind of sales, but right now we just feel a slight breeze. We’ll know more with June sales figures.