Automotive

Mitsubishi Motors has forecast a net loss of 145bn yen ($1.4bn, £900m) for the current business year in the wake of its fuel efficiency scandal.

Mitsubishi Motors has forecast a net loss of 145bn yen ($1.4bn, £900m) for the current business year in the wake of its fuel efficiency scandal.  The expected loss marks the first fall in profit for the car firm since the 2008 financial crisis.  Mitsubishi had already reported a 39% drop in net profit in the year to the end of March due to the fuel scandal.  In the wake of the scandal, some $3bn was wiped off its market value and in ... Read more
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