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11-06-2019, 06:25 AM
Filed under: Earnings/Financials (https://www.autoblog.com/category/earnings-financials/),Mitsubishi (https://www.autoblog.com/mitsubishi)
https://o.aolcdn.com/images/dims3/GLOB/crop/5184x2916+0+350/resize/800x450!/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2019-11/88e64800-009d-11ea-8b65-173eef748cd8 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 (https://www.autoblog.com/2019/11/06/mitsubishi-slashes-profit-forecast/)
Mitsubishi slashes annual profit forecast on slowing car sales (https://www.autoblog.com/2019/11/06/mitsubishi-slashes-profit-forecast/) originally appeared on Autoblog (https://www.autoblog.com) on Wed, 6 Nov 2019 09:01:00 EST. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2019/11/06/mitsubishi-slashes-profit-forecast/) | Email this (https://www.autoblog.com/forward/2183664/) | Comments (https://www.autoblog.com/2019/11/06/mitsubishi-slashes-profit-forecast/#comments)
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https://o.aolcdn.com/images/dims3/GLOB/crop/5184x2916+0+350/resize/800x450!/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2019-11/88e64800-009d-11ea-8b65-173eef748cd8 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 (https://www.autoblog.com/2019/11/06/mitsubishi-slashes-profit-forecast/)
Mitsubishi slashes annual profit forecast on slowing car sales (https://www.autoblog.com/2019/11/06/mitsubishi-slashes-profit-forecast/) originally appeared on Autoblog (https://www.autoblog.com) on Wed, 6 Nov 2019 09:01:00 EST. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2019/11/06/mitsubishi-slashes-profit-forecast/) | Email this (https://www.autoblog.com/forward/2183664/) | Comments (https://www.autoblog.com/2019/11/06/mitsubishi-slashes-profit-forecast/#comments)
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