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Mitsubishi Motors Expects to Swing to $1.38 Billion Net Loss

TOKYO—Mitsubishi Motors Corp. pronounced Wednesday that it expects to pitch to a net detriment of $1.38 billion in this mercantile year, that would be a initial in 8 years as it grapples with a fuel-economy information liaison that has led to surging costs and descending sales for a automobile maker.

Japan’s sixth-biggest automobile builder by sales faces a large remuneration check for owners of influenced vehicles, payments to dealers and suppliers and also to Nissan Motor Co., with whom it jointly constructed certain minicar models that were among those for…

Article source: http://www.wsj.com/articles/mitsubishi-motors-expects-to-swing-to-1-38-billion-net-loss-1466584910

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