Mitsubishi Motors tumbles to all-time low on 'shocking' ASEAN sales plunge | The Business Standard
Skip to main content
  • Latest
  • Epaper
  • 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

Friday
June 20, 2025

Sign In
Subscribe
  • Latest
  • Epaper
  • 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
FRIDAY, JUNE 20, 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

  • Vice-Chair of the National Consensus Commission Ali Riaz briefing reporters on 19 June. Photo: Screengrab
    Most parties agree upon amending presidential election process, BNP for existing method
  • Emergency workers at Soroka Medical Center after an Iranian missile strike, Israel June 19, 2025. Photo: Reuters
    Khamenei 'cannot continue to exist', Israeli defence minister says after hospital strike
  • US President Donald Trump speaks to members of the media during the installation of a new flagpole on the South Lawn at the White House in Washington, DC, US, June 18, 2025. Photo: Reuters
    Trump to decide on US action in Israel-Iran conflict within two weeks, White House says

MOST VIEWED

  • BAT Bangladesh to shut Mohakhali factory, relocate HQ after lease rejection
    BAT Bangladesh to shut Mohakhali factory, relocate HQ after lease rejection
  • Logo of Beximco Group. Photo: Collected
    Beximco defaults on €33m in Germany, Deshbandhu owes Czech bank €4m
  • Students attend their graduation ceremony. REUTERS/Brian Snyder/File Photo
    US resumes student visas but orders enhanced social media vetting
  • Mashrur Arefin appointed Chairman of the Association of Bankers Bangladesh
    Mashrur Arefin appointed Chairman of the Association of Bankers Bangladesh
  • Logo of Beximco Group. Photo: Collected
    BSEC to probe overall operations of five listed firms, three belongs to Beximco
  • Infographics: TBS
    Pvt sector's foreign loan rises by $454m on stable exchange rate, reserve in three months

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

Evacuation of Bangladeshis: Where do they go next from conflict-ridden Iran?

Evacuation of Bangladeshis: Where do they go next from conflict-ridden Iran?

1d | Panorama
The Kallyanpur Canal is burdened with more than 600,000 kilograms of waste every month. Photo: Courtesy

Kallyanpur canal project shows how to combat plastic pollution in Dhaka

2d | Panorama
The GLS600 overall has a curvaceous nature, with seamless blends across every panel. PHOTO: Arfin Kazi

Mercedes Maybach GLS600: Definitive Luxury

3d | Wheels
Renowned authors Imdadul Haque Milon, Mohit Kamal, and poet–children’s writer Rashed Rouf seen at Current Book Centre, alongside the store's proprietor, Shahin. Photo: Collected

From ‘Screen and Culture’ to ‘Current Book House’: Chattogram’s oldest surviving bookstore

4d | Panorama

More Videos from TBS

Bribery exposed: BBS report reveals year’s dark data

Bribery exposed: BBS report reveals year’s dark data

6h | TBS Today
Is the story of nuclear weapons just to justify military operations?

Is the story of nuclear weapons just to justify military operations?

7h | TBS World
What are the political parties saying about the presidential election and power?

What are the political parties saying about the presidential election and power?

7h | TBS Today
Pakistan Army Chief urges US not to get involved in Iran-Israel war

Pakistan Army Chief urges US not to get involved in Iran-Israel war

9h | Others
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