AFSCME 3357-HOF'S BLOG

Mitsubishi Reports $4.4 Billion annual loss, with more losses to come.

General Motors can take solice in the fact that there is at least one automaker with even worse problems. The $4.4 Billion annual loss at Mitsubishi, is similar to what General Motors would be expected to post if current trends continue. Mitsubishi is a much smaller company, so percentage wise, Mitsubishi's losses are greater than GM.

Actually, you could add Fiat to the list of global car makers who are in worse condition than General Motors. I couldn't find a good Fiat link in the 5 minutes that I had to post, but trust me, things are bad there as well.






Mitsubishi Motors loses $4.39 billion, more losses ahead - 05/23/05