The Japanese automaker had posted a profit of 9.3 billion yen for the fiscal first quarter the previous year. Quarterly sales shrank 57% to 229.…
The Japanese automaker had posted a profit of 9.3 billion yen for the fiscal first quarter the previous year. Quarterly sales shrank 57% to 229.5 billion yen ($2.2 billion).
The maker of the Outlander sport utility vehicle and I-MiEV electric car expects to chalk up a 360 billion yen ($3.4 billion) loss for the fiscal year through March 2021, because of the fallout from the outbreak.
The shaky results come as Mitsubishi Motors’ alliance partners Nissan Motor Co. and Renault of France work to recover from the downfall of their former chairman, Carlos Ghosn.
Ghosn was out on bail, awaiting trial on various financial misconduct allegations in Tokyo, when he fled late last year to Lebanon.
