Japan's Mitsubishi Motors warned on Wednesday
that its group net loss this business year will
be double its previous forecast due to the heavy
cost of vehicle recalls and a painful restructuring.

Japan's fourth-largest automaker predicted a group
net loss of 270 billion yen ($2.21 billion) - its
worst ever - in the year through March 31, much
worse than its earlier estimate of a 140 billion
yen loss.

Aftenposten

-- spider (spider0@usa.net), March 28, 2001