TOKYO -- Mitsubishi Motors upgraded its full-year earnings guidance Tuesday thanks to a recovery in the Southeast Asian market and shrinking overhead costs, putting the company on course to potentially return to the black in fiscal 2021.
Automobiles
Mitsubishi Motors slows pandemic slide as Southeast Asia recovers
Automaker heads toward the black next fiscal year after cutting costs
Mitsubishi Motors expects global annual sales to plunge by 29% to 802,000 vehicles. (Photo courtesy of Mitsubishi Motors)
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