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Thursday, May 21, 2026

Mitsubishi Projects Loss in ’05

Hit by plunging sales in the United States and Japan, Mitsubishi Motors Corp. sank deeper into the red last year and projected another year of loss on Monday as it struggles to patch up its brand image, Reuters reported.

While other Japanese auto makers are cruising past the competition overseas, Mitsubishi, whose U.S. unit is based in Cypress, is battling a tattered reputation from a high-profile series of recalls and arrests of former executives after it concealed safety-related defects from authorities.

*For more on this story,


read the full Reuters article.

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