Declining sales ravage Mitsubishi

Tuesday, 24 May 2005
Mitsubishi Motors faces a huge challenge in trying to recover from plunging sales, which have seen the Japanese manufacturer report a consolidated net loss 478.

8bn yen (£2.4bn) for 2004. The company reported selling 214,000 fewer cars than in 2003 with profits unlikely to recover quickly. According to the Financial Times, the group forecast a 64 billion yen loss for the current fiscal year.
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