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Mitsubishi Motors losses to hit $3.4bn in FY2020 due to COVID

Second straight year in the red forces suspension of new European models

Sales for the Japanese automaker have skidded due to the pandemic.   © Reuters

TOKYO -- Mitsubishi Motors said on Monday it expects a group net loss of 360 billion yen ($3.4 billion) for the year ending March 2021, marking the second straight year of red ink, as sales cratered due to the coronavirus pandemic.

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