TOKYO -- Japan's Mitsubishi Motors slashed its profit projections Wednesday to factor in the impact of U.S. tariffs and a slowdown in Southeast Asia sales, lowering its consolidated net profit outlook for the current fiscal year to 10 billion yen ($67.7 million), a 76% drop on the year.
Automobiles
Mitsubishi Motors cuts earnings forecast on tariffs and SE Asia sales slump
Japanese automaker downgrades net profit outlook to 76% drop
Having lowered projections for the fiscal year, Mitsubishi Motors seeks to make a comeback with sales of new models like the Destinator recently launched in Indonesia. (Photo by Tomoyoshi Oshikiri)
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