Mitsubishi Motors tumbles to all-time low on 'shocking' ASEAN sales plunge | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Saturday
June 14, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
SATURDAY, JUNE 14, 2025
Mitsubishi Motors tumbles to all-time low on 'shocking' ASEAN sales plunge

Global Economy

Reuters
28 July, 2020, 08:30 am
Last modified: 28 July, 2020, 08:33 am

Related News

  • Mitsubishi Outlander Sport: Modern makeover, sporty handling
  • Mitsubishi brings the Outlander Sport to Bangladesh
  • 2023 Mitsubishi Xpander: Versatile family vehicle for modern lifestyle
  • Mitsubishi launches “Outlander Shadhinota Utshob”
  • 2021 Mitsubishi Eclipse Cross

Mitsubishi Motors tumbles to all-time low on 'shocking' ASEAN sales plunge

Mitsubishi’s shares fell more than 10% to 240 yen, marking a lifetime low since their 1988 listing

Reuters
28 July, 2020, 08:30 am
Last modified: 28 July, 2020, 08:33 am
A Mitsubishi Motors signage is pictured next to a Mitsubishi Motors electric car at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019/ Reuters
A Mitsubishi Motors signage is pictured next to a Mitsubishi Motors electric car at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019/ Reuters

Shares of Japan's Mitsubishi Motors Corp plunged more than 10% to an all-time low on Tuesday after the automaker posted dismal sales in its key Southeast Asian market and forecast a huge loss for this financial year.

A day earlier, Mitsubishi Motors, a junior member of the auto alliance of Nissan Motor and Renault SA, projected an operating loss of 140 billion yen ($1.33 billion) for the year ending on March 31, 2021, due in part to the coronavirus pandemic.

It would be the automaker's biggest loss in at least 18 years, according to records dating back to 2002.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Mitsubishi Motors' results were "shocking", said analyst Mio Kato of LightStream Research, who publishes on the Smartkarma platform, noting that Southeast Asia was particularly concerning.

"ASEAN was meant to be its growth driver and was even positioned as its key attractive point to the Renault-Nissan Alliance. ASEAN sales have collapsed and it is now generating losses," Kato said in a note to clients, referring to the Southeast Asian region.

Mitsubishi's shares fell more than 10% to 240 yen, marking a lifetime low since their 1988 listing.

The coronavirus crisis has exacerbated struggles at the company, which had already been battling falling sales in China and Southeast Asia, a major market that accounts for a quarter of its sales.

Announcing a restructuring plan on Monday, Mitsubishi Motors said it would stop making the Pajero SUV crossover model next year, and close the plant in Japan that makes it. It also said it would reduce its presence in Europe and North America and focus on growing in Asia.

Top News / World+Biz

Mitsubishi Motors

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Infograph: TBS
    Lowering targets and missing those: Is splitting NBR enough to break the cycle?
  • Missiles launched from Iran are intercepted as seen from Tel Aviv. REUTERS/Jamal Awad
    Iran fires missiles at Israel in response to attacks; Trump says it's not too late for nuclear deal
  • Logo of National Citizen Party (NCP)
    People won't accept election date before July Charter is implemented: NCP on Yunus-Tarique meeting

MOST VIEWED

  • Wreckage of a Boeing 787 Dreamliner showing part of its registration "VT-ANB" in Ahmedabad, India, June 12, 2025. REUTERS/Amit Dave
    Air India Dreamliner crashes into Ahmedabad college hostel, kills over 290
  • File Photo of Chief Adviser Muhammad Yunus: UNB
    Prof Yunus to receive Harmony Award from King Charles today
  • Energy adviser Fouzul Kabir Khan with other government officials during a visit to Sylhet gas field on 13 June 2025. Photo: TBS
    I would disconnect gas supply to every home in Dhaka if I could: Energy adviser
  • Bangladesh Bank Governor Ahsan H Mansur. TBS Sketch
    Bangladesh mulls settlements with tycoons over offshore wealth: BB governor tells FT
  • UCB declares no dividend for 2024 to comply with regulatory requirement
    UCB declares no dividend for 2024 to comply with regulatory requirement
  • UK Prime Minister Keir Starmer, Chief Adviser Muhammad Yunus
    Disclosure of unconfirmed Yunus-Starmer meeting shows ‘diplomatic imprudence’: Analysts

Related News

  • Mitsubishi Outlander Sport: Modern makeover, sporty handling
  • Mitsubishi brings the Outlander Sport to Bangladesh
  • 2023 Mitsubishi Xpander: Versatile family vehicle for modern lifestyle
  • Mitsubishi launches “Outlander Shadhinota Utshob”
  • 2021 Mitsubishi Eclipse Cross

Features

Photos: Collected

Kurtis that make a great office wear

14h | Mode
Among pet birds in the country, lovebirds are the most common, and they are also the most numerous in the haat. Photo: Junayet Rashel

Where feathers meet fortune: How a small pigeon stall became Dhaka’s premiere bird market

2d | Panorama
Illustration: Duniya Jahan/ TBS

Forget Katy Perry, here’s Bangladesh’s Ruthba Yasmin shooting for the moon

3d | Features
File photo of Eid holidaymakers returning to the capital from their country homes/Rajib Dhar

Dhaka: The city we never want to return to, but always do

4d | Features

More Videos from TBS

No Cash in ATMs: System Glitch or Something Deeper?

No Cash in ATMs: System Glitch or Something Deeper?

8h | TBS Today
Iran-Israel military power; who is ahead?

Iran-Israel military power; who is ahead?

10h | TBS World
Did the possibility of an Iran nuclear deal set back after the attack?

Did the possibility of an Iran nuclear deal set back after the attack?

11h | TBS World
IRGC chief Major General Hossein Salami killed in Israeli strike

IRGC chief Major General Hossein Salami killed in Israeli strike

13h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net