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Filed under: Earnings/Financials,Mitsubishi

Mitsubishi Motors Corp on Wednesday cut its full-year profit outlook by 67% as it expects sluggish demand in North America and China will continue, while a strong yen and research and development costs will also hurt the automaker's bottom line. Japan's sixth-largest automaker now expects operating profit to come in at 30.0 billion yen in the year to March, down from a previous forecast for 90.0 billion yen. The new outlook would be Mitsubishi's lowest profit since the year ended MarcContinue reading Mitsubishi slashes annual profit forecast on slowing car sales

Mitsubishi slashes annual profit forecast on slowing car sales originally appeared on Autoblog on Wed, 6 Nov 2019 09:01:00 EST. Please see our terms for use of feeds.



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