Japan’s Mitsubishi Motors racks up red ink on pandemic pain

Japan’s Mitsubishi Motors racks up red ink on pandemic pain

Seattle Times

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TOKYO (AP) — Mitsubishi Motors Corp. reported Monday a 176 billion yen ($1.7 billion) loss for April-June, and forecast more red ink for the fiscal year, as the coronavirus pandemic slammed auto demand around the world. The Japanese automaker had posted a profit of 9.3 billion yen for the fiscal first quarter the previous year. […]

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