by , 27th Jul 20 2:43 pm

Mitsubishi is barrel rolling to losses amounting to $1.33 billion by the end of 2020. Such an economic downturn would be the biggest loss suffered by the automaker in the last 18 years. The company has been on a downward sales spike for some time. European and North American territories have gradually become less profitable. […]

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by , 7th Nov 19 3:20 pm

Yesterday Mitsubish slashed its annual profit forecast by over 50-percent. A strong Yen and a decrease in volume sales in key territories underscores a challenging time for the “raised from the dead” Japanese auto brand. In 2016 Mitsubishi faced a near-death experience when partner Nissan discovered Mitsubishi had been lying about fuel economy figures. The […]

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by , 22nd Jul 19 2:08 pm

The arrest and ousting of former Renault-Nissan-Mitsubishi overlord, one Carlos Ghosn, has taken yet another twist. The former automotive CEO strongman is set to sue both Nissan and Mitsubishi for $16m USD for gross negligence. Ghosn was removed from his position after being charged and arrested in Japan over corporate corruption. Lawyers representing Ghosn say […]

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by , 24th Jan 19 4:53 pm

He was head of the Renault Nissan Mitsubishi alliance for 20 years and turned around the fortunes of these companies while eliciting his own. He was admired by the media, but behind the scenes, he was mired in personal corruption. Evidence from Japanese prosecutors found a money trail and it led to Ghosn. Ghosn was effectively using the empire […]

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by , 30th Nov 18 4:10 pm

The arrest and detention of Carlos Ghosn over corporate corruption is similar to fracking. The pressure had been building for years before the earthquake news shook the world of one of the most celebrated automotive CEOs in recent times. Key figureheads of the Nissan Mitsubishi Renault Alliance met on Thursday at their Amsterdam HQ. The meeting was convened to determine who should replace […]

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