Monday, December 27, 2004

Mitsubishi blues?

Kansas City Star | 11/29/2004 | MIDDAY BUSINESS REPORT: Fed looking for signs: "Mitsubishi Motors Credit of America Inc. is a wholly owned subsidiary of Mitsubishi Motors North America Inc.
Mitsubishi Motors has been plagued by a series of defect-coverup scandals in Japan that have badly tarnished its image and sent sales plunging here.
But its sales and profits have also suffered in the United States, partly because it had sold too many cars to people with bad credit.
Mitsubishi Motors has previously said it would scrap the risky financing deals, cut jobs, trim production and reduce sales to rental and other fleets to make its U.S. business profitable."

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