2011 Mitsubishi Motors Corp.Net losses amounted to 26.44 billion yen in Japan.

2011 Mitsubishi Motors Corp.Net losses amounted to 26.44 billion yen in Japan., Net losses of Japanese car manufacturer Mitsubishi Motors Corp. in the I quarter of 2009-2010 fiscal year, which ended June 30 last, amounted to 26.44 billion yen (281 million dollars), while during the same period a year earlier the company gained a net profit of 10.3 billion yen ( 109 million dollars). This was published today in the financial report of the company.

The volume of sales in the I quarter of 2009-2010 financial year fell by 57.5% and amounted to 259.12 billion yen (2.75 billion U.S. dollars) to 610.1 billion yen (6.48 billion U.S. dollars) a year earlier. Operating loss for the period reached 29.61 billion yen (314 million dollars), while the year before the company received an operating profit of 9.86 billion yen (105 million dollars).

Mitsubishi Motors is one of the world's largest producer, producing annually more than 1.6 million vehicles in 32 countries around the world. The company produces a variety of products - from small cars to heavy trucks, buses and specialized commercial vehicles.