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  Mitsubishi Motors shutdown in Japan

  Affected by the COVID-19 epidemic, Japanese carmaker Mitsubishi Motors was forced to stop production. Mitsubishi Motors said on April 5 that due to the COVID-19 epidemic, the production line of Mitsubishi Motors' main Japanese plant Okazaki (Okazaki City, Aichi Prefecture) would be suspended from April 11 to 15 for a total of five days. Mitsubishi Motors Japan Okazaki Manufacturing Institute factory is located in Okazaki City, Aichi Prefecture, established in 1977, mainly produces Mitsubishi Motors' main SUV model "Olande". As for the reason for the shutdown, Mitsubishi Motors said it was due to the spread of the COVID-19 epidemic and the closure management in Shanghai (the Shanghai factory is a supplier of some Mitsubishi auto parts).

  Mitsubishi Motors 2022-04-07
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  Japanese car company veteran and former chairman of Mitsubishi Motors Yoshiko died of illness

  Osamu Masuko, the former chairman of Mitsubishi Motors, has died of heart failure at the age of 71, Kyodo news agency reported. Earlier, Yoshiko stepped down as chairman and director on Aug. 7 for health reasons, and Taoka Kato, the company's chief executive, temporarily replaced Yoshiko as chairman. As one of the oldest and longest-serving executives in the history of the Japanese auto industry, Yoshiko graduated from Waseda University, joined Mitsubishi in 1972 and became executive director and automotive minister of the company in 2003. In 2004, Mitsubishi Motors.

  Mitsubishi Motors 2020-08-31
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  Under the continued leadership of the Japanese, Yoshiko became chairman of Mitsubishi Motors

  The position of chairman of Mitsubishi Motors has been up in the air since the arrest of Carlos Ghosn. Osamu Masuko, chief executive of Mitsubishi Motors, officially stepped down at the general meeting of Mitsubishi Motors on June 21, replacing Carlos Ghosn as chairman of Mitsubishi Motors, and Masako continued to serve as chairman of Mitsubishi's board of directors, Bloomberg reported. Takao Kato, president of Indonesia, will take over as chief executive of Mitsubishi Motors. Yoshiko joined the vehicle department of Mitsubishi Commercial Co., Ltd. in April 1972 and is now chairman of Mitsubishi Motors.

  2019-06-22
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  President of Mitsubishi Motors: will not withdraw from the Chinese market

  At a media briefing held in Japan on May 9, Mitsubishi President Takao Kato said in response to recent rumors that Mitsubishi Motors had withdrawn from the Chinese market that the company had no plans to withdraw from the Chinese market at present. At the same time, it also said that although the company is facing difficulties in China, the Changsha plant will be scheduled for June.

  Mitsubishi Automobile sales Market China Group Company production Brand data Outlander Outlander Manufacturing KuaiBao News 2023-05-10
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  Mitsubishi Motors cut operating profit and cut senior pay for the fiscal year

  Mitsubishi Motors cut its performance target for fiscal year 2019 (April 2019-March 2020) and cut the remuneration of its top executives by nearly half in response to the decline in sales caused by the COVID-19 epidemic, according to foreign media reports. In addition, the annual report for fiscal year 2019, originally scheduled for release on May 13, has also been postponed to May 19. Mitsubishi Motors cut its forecast sales for fiscal year 2019 by 7.3% from 2.45 trillion yen to 2.27 trillion yen, down 9.7% from 2018, and its forecast operating profit fell sharply by 60% from 30 billion yen to 12 billion yen, compared with fiscal year 2018.

  Mitsubishi Motors 2020-04-26
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  Japan's Mitsubishi Motors is rumored to have decided to withdraw from the Chinese market.

  According to a report by the Japan Broadcasting Association (NHK) today, a source told the media that Mitsubishi Motors has decided to terminate its car sales and production operations in China and withdraw from the Chinese market, and a formal decision is expected to be made as early as next week. At the same time, sources also revealed that Mitsubishi has decided to sell it in a Chinese company.

  Mitsubishi Automobile sales China Market News Company Group production Electric Japan products Factory sales maximum 2023-10-20
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  Mitsubishi expects the biggest loss this fiscal year, and the chairman resigns at a critical moment.

  Osamu Masuko, chairman of Mitsubishi Motors, has resigned for health reasons after 15 years in office, and Taoka Kato, the company's chief executive, will temporarily replace Yoshiko as chairman from Friday, according to foreign media reports. According to the data, Yoshiko became president of Mitsubishi Motor Company in 2005 and began to lead this Japanese brand. Unlike other executives, Yoshiko joined Mitsubishi late in his career, eventually leading the Japanese car company and even playing the role of firefighter several times. In 2016, Mitsubishi was exposed.

  Mitsubishi Motors 2020-08-08
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  Is it said that Mitsubishi will withdraw from the Chinese market? Mitsubishi CEO: reducing Europe and focusing on Southeast Asia in China

  With the decline in sales in the global automobile market and the impact of novel coronavirus, the major multinational car companies have made new plans for future development in order to improve their performance through lower cost reduction. According to foreign media reports, according to the new plan of Mitsubishi Motors, it will gradually withdraw from some global markets, including China.

  Mitsubishi 2020-06-22
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  Suddenly "de-listed"! One day the brand continues to stop production.

  Mitsubishi Motors plans to continue suspending production of new cars in China after June this year, the Yomiuri Shimbun reported. According to the report, a spokesman for Mitsubishi Motors said that the company was discussing with its Chinese partners when to resume production in China, but did not disclose the specific time of resumption of production. As of press time, Guang

  Mitsubishi Automotive sales China models Market production Group Company Outlander Outlander Brand New car time Industry 2023-05-30
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  Mitsubishi's first-quarter operating profit plummeted 86%, while net profit fell 67%.

  On July 24, Mitsubishi Motors announced its first-quarter operating results, according to figures released as of June 30, Mitsubishi Motors operating profit plunged to 3.9 billion yen (250 million yuan), operating profit fell 86%. Meanwhile, operating margins shrank to 0.7 per cent from 5 per cent in the same period last year, while net income fell 67 per cent to 9.3 billion yen (590 million yuan). Meanwhile, revenue from Mitsubishi Motors fell to 536.2 billion yen (34.1 billion yuan) in the first quarter. Although profits and revenue all declined, according to the data released by it, the first quarter was in full swing.

  Mitsubishi first profit 2019-07-25
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  Japan's Mitsubishi Motors withdrew from Southeast Motor

  According to Qixinbao enterprise information, the equity of Southeast (Fujian) Automotive Industry Co., Ltd. (hereinafter referred to as Southeast Automobile) has changed, and Japan's Mitsubishi Automotive Industry Co., Ltd. (Mitsubishi Automobile), which originally held 25% of its shares, withdrew. Fuzhou Transportation Construction Investment Group Co., Ltd. (Fuzhou Jiaotou), a new shareholder, took over. Fuqi Group and Warwick Co., Ltd. (British Virgin Islands) (referred to as Warwick shares) remain unchanged at 50% and 25% respectively. According to equity penetration, Fuqi Group is 100% controlled by the State-owned assets Supervision and Administration Commission of Fujian Provincial people's Government, and Fuzhou Stock Exchange is state-owned by Fuzhou people's Government.

  Southeast automobile 2021-05-01
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  GAC-Mitsubishi suspends new car production!

  On April 25, Mitsubishi Motors issued a confirmation notice of non-operating expenses and special losses. Mitsubishi Motors said that GAC-Mitsubishi Motors Co., Ltd. launched the new Euroland in December 2022, but as competition in the Chinese market intensified, sales targets continued to fail, so it is expected to be in fiscal year 2022 (up to 2023).

  Mitsubishi Automotive Market China Brand Outlander Model sales Outlander Group Cooperation Product Company Factory data 2023-04-27
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  Mitsubishi withdraws from China? Official response

  Japan's Mitsubishi Motors has decided to stop producing cars in China, and the company has begun final negotiations with GAC GROUP, the Nippon Keizai Shimbun reported on the 27th. According to the report, the GAC-Mitsubishi joint venture will be retained, but Mitsubishi Motors is expected to withdraw its investment and the plant in Changsha, Hunan Province will serve as GAC GROUP's

  Mitsubishi Automotive China Brand Market sales Group products engines models official Company Volkswagen Changan influence 2023-09-28
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  Nissan denies selling Mitsubishi Motors shares

  According to foreign media reports, Nissan plans to sell some or all of its 34% stake in Mitsubishi Motors because the COVID-19 epidemic caused Nissan a loss of 20.8 billion yuan in the first half of the year and is expected to lose 38.7 billion yuan for the whole year. Nissan may sell some or all of its shares in the face of a depressed business environment, the report said. Since Ghosn's arrest, Nissan has been in a turbulent situation, and the sudden outbreak of COVID-19 has brought irreparable losses to Nissan. The sudden drop in demand for new cars, dealer closures, factory shutdowns and supply chain disruptions have brought uncertainty to Nissan's development. In May this year.

  Nissan Automobile 2020-11-17
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  One day the brand is rumored to be about to be delisted.

  On October 5, Japanese media reported that Japan's Mitsubishi Motors decided to formally stop producing cars in China. At the same time, the report also revealed that Japan's Mitsubishi Motors may withdraw its investment in the local joint venture with GAC GROUP, but the joint venture with GAC GROUP may be retained. In terms of factories, GAC-Mitsubishi's domestic factories

  Mitsubishi sales Market Automobile Factory Group China Company Product Model production official Outlander Japan Changsha 2023-10-06
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  After Mitsubishi Motors withdrew its investment, Southeast Motor released a new brand LOGO.

  Tonight, Southeast Automobile held a brand refurbishment conference, at which the new brand LOGO and new DX9 were officially unveiled, along with two concept cars, Southeast N7 and Southeast A7, representing the design concept of Southeast Automobile's future cross-border cars and electric vehicles. It is understood that Southeast DX9 will be listed in 2022. In fact, the new brand of Southeast Automobile LOGO and Southeast DX9 have been exposed as early as the end of last year, but have not been released for a long time. According to official information, Southeast DX9 locates medium-sized SUV, which is currently the largest model under Southeast Motor. From the point of view of appearance, the new car is similar to Southeast Motor in appearance.

  Southeast automobile 2021-12-09
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  Nissan-Mitsubishi closes its business in the Netherlands, and Renault-Nissan-Mitsubishi alliance is increasingly tense.

  Since the arrest and imprisonment of Ghosn, the soul of the alliance, relations among Renault, Nissan and Mitsubishi Motors have been very tense. Ghosn, sent by Renault, has been in charge of the alliance for many years and served as chairman of Nissan. However, the Japanese seem to be fed up with it. At present, Ghosn has been basically removed from all his duties and was officially released on bail on March 6, when Ghosn has been detained for 108 days. Nissan and Mitsubishi Motors are planning to close their Dutch joint venture, Nissan-Mitsubishi B.V., under the influence of the improper income of former chairman Carlos Ghosn, according to news.

  Nissan Mitsubishi 2019-03-10
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  Heavy drop hammer! One day, a joint venture car company will stop making China.

  GAC-Mitsubishi, founded in 2012, is losing out to China. On October 23, an authorized distributor of GAC-Mitsubishi in Hebei Province said: "We no longer do (GAC-Mitsubishi), and the authorization is gone," the Financial Associated Press reported on October 23. The manufacturer issued a notice saying that all Mitsubishi will be imported in the future, but not domestic (Mitsubishi).

  Mitsubishi China Automotive Market Model Factory Dealer production Company Outlander News Group Orange official New car 2023-10-24
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  Mitsubishi Motors reported operating profit of $1 billion in 2018, denying integration with Renault Nissan.

  P.p1 p.p2 p.p3 p.p4 p.p5 span.s1 span.s2 Japan's Mitsubishi Motors reported that its operating profit for fiscal 2018 reached 111.8 billion yen ($1.01 billion), an increase of 14% over the same period last year, mainly due to higher sales and cost control measures offset by foreign exchange losses. Net income reached 132.87 billion yen ($1.2 billion), up 24% from the same period last year. As global sales grew in all major markets, reaching 1.24 million vehicles, up 13% year-on-year, revenue also rose 15.

  Cars Mitsubishi profit 2019-05-12
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  Benefiting from the North American market and restructuring profits, Mitsubishi Motors made a profit of $1 billion in fiscal 2018.

  Tokyo-based Mitsubishi Motors reported its annual results on May 9 local time, benefiting from rising sales, cost control and powertrain business. In fiscal 2018 (April 1, 2018-March 31, 2019) profit rose 14% year-on-year data, the company's revenue reached $1.2 billion; operating profit rose to $1.01 billion, due to global sales growth, up 13% to 1.24 million vehicles The operating income reached 22.65 billion US dollars. Sales in North America rose 12% to 173000, helped by an increase in operating profit to $31.6 million.

  Automobile 2019-05-10