The Big Shrink: Mitsubishi Thinks Small After Profit Plunge

Mitsubishi Motors’ membership in the great Renault-Nissan alliance won’t protect it from economic realities arising from the coronavirus pandemic. On Tuesday, the automaker announced an 89-percent drop in operating profit for the year ended March, with black ink totaling just $119 million. Rocked by the virus that’s thrown every automaker’s balance sheet into disarray, Mitsubishi […]
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