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mitsubishi motors corp (7211) Snapshot

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mitsubishi motors corp (7211) Details

Mitsubishi Motors Corporation designs, develops, manufactures, assembles, markets, imports, and sells automobiles, and related component and replacement parts in Asia, Africa, Europe, Latin America, the Middle East, North America, and the Oceania. Its products include cars and motors vehicles; and automobile engines, transmissions, and parts. The company is involved in the purchase and sale of used automobiles, as well as component and replacement parts, and accessories of used automobiles; sale of measuring equipment; and insurance agency and financing businesses. Mitsubishi Motors Corporation was founded in 1970 and is headquartered in Tokyo, Japan.

29,555 Employees
Last Reported Date: 06/24/16
Founded in 1970

mitsubishi motors corp (7211) Top Compensated Officers

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mitsubishi motors corp (7211) Key Developments

Nissan Motor Plans To Acquire Stake In Mitsubishi

Nissan Motor Co. Ltd. (TSE:7201) is planning to acquire a 34% stake in Mitsubishi Motors Corporation (TSE:7211) as soon as this month.

Mitsubishi Motors Announces Executive Changes

Nissan Motor Co. Ltd., ("Nissan") completed its acquisition of a 34% equity stake in Mitsubishi Motors ("MMC"). As part of this strategy, Nissan has nominated four representatives to the Board of MMC, including Ghosn as chairman-elect. The other nominees are Hitoshi Kawaguchi, chief sustainability officer and head of global external affairs; Hiroshi Karube, global controller and global asset manager; and Mitsuhiko Yamashita, Nissan's current representative on the Mitsubishi Motors board. At Masuko's request, Yamashita joined the company earlier this year as executive vice president of development and as a member of its executive committee. Ghosn has announced a number of other management changes, effective November 1, to allow him to continue to focus on maintaining Nissan's momentum in delivering performance, while at the same time supporting Masuko at MMC.

Mitsubishi Motors Corp. Revises Earnings Guidance for the Year Ending March 2017

Mitsubishi Motors Corp. revised earnings guidance for the year ending March 2017. The company is bracing for a group net loss of ¥240 billion for fiscal 2016, far larger than the previous forecast of a ¥145 billion loss. The company released an operating loss projection of ¥28 billion, against the June projection of ¥25 billion in profit, on estimated sales of ¥1.84 trillion, down from ¥1.91 trillion.


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