Motoring: What makes cars sexy Nov 14, 2008
Creative director of The Furnace advertising agency in Sydney, Rob Martin Murphy, has worked on ad campaigns for Volvo, Peugeot and Mitsubishi. With his many years of selling the motoring sizzle, he's had a lot of time to think about the connection between cars and sex. (Sydney Morning Herald -- Business)
November heat wave is taking shape Nov 13, 2008
FromVeracom Ford Mitsubishi. 2006 Focus. (San Francisco Chronicle -- Sports)
Mitsubishi supplier to close local office Nov 13, 2008
NORMAL -- A Mitsubishi Motors North America supplier will close its Twin City office but still serve the Normal auto plant from another location next year ... Mitsubishis U.S. sales through October totaled 87,591, a 23 ... Yazaki supplies Mitsubishi with wire harnesses and combi-meters, said plant spokesman Dan Irvin. (The Pantagraph newspaper)
Morgan Stanley cuts jobs in biggest business Nov 13, 2008
Morgan Stanley also raised $9 billion in a deal with Japan's Mitsubishi UFJ Financial Group Inc. and received $10 billion as part of the government bailout package. Massive job cuts are likely to figure in the restructuring of Wall Street, with financial companies rolling back their payrolls to levels seen a few years ago. (MSNBC -- Business)
Mizuho fund-raising as more banks report losses Nov 13, 2008
Mizuho followed in the footsteps of larger rival Mitsubishi UFJ Financial Group, which said last month it would raise $10. 5-billion to offset stock market losses. (Globe and Mail -- Business)
Bailout Or Not, Detroit Has A Capacity Problem Nov 13, 2008
Mitsubishi Motor is contemplating moving production of its slow-selling Galant sedan out of its Illinois plant and is trying to decide what else to build in that factory. Alfa Romeo has delayed its return to the U.S. by a year, until 2011, but Alfa wants to build vehicles here too. (Forbes -- Business)
Japan Stocks Fall to Two-Week Low on Spending Concern; Sony, Mizuho Drop Nov 13, 2008
Mitsubishi UFJ Securities Co. boosted it recommendation on Shimizu to ``outperform. . (Bloomberg -- Japan)
Rudd rejects car funding doubts Nov 12, 2008
The former head of Mitsubishi Australia, Graham Spurling, has cast doubt on the ability of Ford and Holden's US companies to invest in developing Australia's car industry. But Mr Rudd told Question Time the Government funding will not flow to companies unless they match it. (ABC Online)
Japan Stocks Drop a 2nd Day as Oil, Copper Declines Point to Slowdown Nov 12, 2008
Mitsubishi Corp., which gets more than half its profit from commodities, sank 8 ... Mitsubishi, Japan's largest trading company by value, sank 8. (Bloomberg -- Japan)
Circuit City, DHL hit by economic woes Nov 11, 2008
Smaller creditors include GPS navigation system maker Garmin, Nikon, Lenovo, Eastman Kodak and Mitsubishi. Horvers also found it encouraging that the company was able to secure financing. (MSNBC -- Politics)
Coming to your back pocket: The wallet phone Nov 11, 2008
The Japanese telecommunications operator, KDDI, for example, recently set up a bank along with Mitsubishi UFJ Financial Group. NTT DoCoMo, the biggest Japanese wireless carrier, offers credit cards and lending services in conjunction with Sumitomo Mitsui Financial Group. (International Herald Tribune -- Business)
Mitsubishi to take over Lucite for $1.6 billion Nov 11, 2008
Mitsubishi to take over Lucite for $1 ... Mitsubishi to take over Lucite for $1 ... 6 billion cash takeover by Japan's Mitsubishi Rayon Co. Ltd., which would gain ownership of the Lucite and Perspex acrylic plastic brands. (International Herald Tribune -- Arts)
Circuit City files for bankruptcy protection Nov 11, 2008
Smaller creditors include GPS navigation system maker Garmin, Nikon, Lenovo, Eastman Kodak and Mitsubishi. Deutsche Bank analyst Mike Baker told investors that consumers learning about Circuit City's bankruptcy may go elsewhere because of a lack of confidence in the company. (San Diego Union-Tribune -- Business)
AutoCanada Income Fund releases financial results for the reporting period ended September 30, 2008 Nov 10, 2008
Through its owned and managed dealerships, it currently sells Chrysler, Dodge, Jeep(R), Infiniti, Nissan, Hyundai, Subaru and Mitsubishi branded vehicles. In 2007, it's owned and managed dealerships sold approximately 23,300 vehicles, processed approximately 231,700 service and collision repair orders in 260 service bays, and generated revenue of approximately $835 million. (Canada Newswire)
Australia to spend billions to help auto industry Nov 10, 2008
Mitsubishi closed a plant this year in South Australia. Rudd said his government would proceed with longstanding plans to halve tariffs on imported cars to 5 percent in 2010 from 10 percent, while offering aid to help the 7. (International Herald Tribune -- Business)
As ad spending falls, agencies trim jobs Nov 10, 2008
Last spring, for instance, when the BBDO Los Angeles office lost the creative assignment for Mitsubishi Motors North America to a Hollywood agency named Traffic, 10 to 15 jobs were eliminated there and others were transferred to the BBDO San Francisco office. Not all BBDO clients are pulling back. (International Herald Tribune)
GM opens first Russian factory Nov 8, 2008
All manufacturers, including Peugeot Citroen and Mitsubishi Motors, are opening a factories in other regions near Moscow. Before the financial crisis struck, Russia's car market was on track to become Europe's largest. (San Diego Union-Tribune -- Business)
Sonoma Couple Guilty Of Horse Cruelty Nov 7, 2008
Couple convicted of horse cruelty. Article:Couple convicted of horse cruelty:/c/a/2008/11/06/BASK13VGA5. (San Francisco Chronicle -- Crime)
Panasonic to Swallow up Sanyo Nov 7, 2008
"As a result of this merger Panasonic will become a huge firm, the Toyota of the electrical appliance world, and that's good," said Nagayuki Yamagishi, a strategist at Mitsubishi UFJ Securities. 1. (ABC News -- Wire)
Sharks promote Primeau to top line Nov 7, 2008
FromVeracom Ford Mitsubishi. 2004 Expedition. (Yahoo News -- NHL Transactions)
Panasonic and Sanyo pursue a merger Nov 7, 2008
"As a result of this merger, Panasonic will become a huge firm - the Toyota of the electrical appliance world - and that's good," Nagayuki Yamagishi, a strategist at Mitsubishi UFJ Securities, told Reuters. With Barack Obama as U.S. president, "there's likely to be quite a push towards clean energy, and that means that Panasonic is now in a very strong position, given Sanyo's battery production," Yamagishi said. (International Herald Tribune -- Business)
Investors see more trouble for Japanese property market Nov 7, 2008
If the distress continues, the government could well lean on the biggest Japanese property firms, like Mitsui Fudosan and Mitsubishi Estate, to bail out struggling property firms, or at least buy assets. Orix Corp. came to the rescue of the struggling developer Joint Corp., injecting 10 billion, or $102. (International Herald Tribune -- Business)
Gold firms, platinum soars as dollar weakens Nov 7, 2008
People are looking at the charts and realizing both platinum and palladium have broken out of the downtrend in the charts, and that is bringing in more funds on the long side, says Mitsubishi precious metals strategist Tom Kendall. There is a reasonable chance that we have seen the lows in platinum, and probably in palladium also, he added. (Globe and Mail -- Business)
Dollar steady after Obama victory Nov 6, 2008
" Traditionally, a cut in interest rates tends to make the affected currency less attractive to investors, driving it lower. But analysts noted that after the Australian Central Bank on Tuesday lowered its benchmark interest rate by an unexpected three quarters of a point, the Australian dollar gained ground. Equity markets also fell sharply in the United States and Europe as the complexity of the economic problems that will confront President-elect Obama dispelled initial euphoria. In the... (India Times)
Teen indicted in Oahu shooting that left man paralyzed Nov 6, 2008
Six shots were allegedly fired from a Honda Civic at a yellow Mitsubishi Lancer near the west-bound freeway exit to the Tripler Medical Center. According to the affidavit, a witnesses in the suspect car identified Nichols as the driver. (Honolulu Advertiser)
World markets rise following Obama win Nov 5, 2008
Changing the president is not going to be enough to save the American economy, said Kazuo Mizuno, chief economist at Mitsubishi UFJ Securities Co. in Tokyo. He said the U.S. is likely to need financing from Japan, China, the Middle East and other countries if it hopes to fund public bailouts for its financial system and deliver on tax breaks and other measures needed for recovery. (MSNBC -- International)
Toyota, Nissan Lead Japan Sales Drop as Growth Slows (Update1) Nov 4, 2008
Mitsubishi Motors Corp. had a 39 percent drop, the dealers group said. Minicar sales rose 6. (Bloomberg)
Roads to Perdition Nov 4, 2008
Manufacturers such as Toyota, Nissan, Mitsubishi and Chevrolet are accelerating efforts to deploy electric vehicles. PennDOT also must continue coping with one of the nation's most severe winter freeze-and-thaw cycles. (Pennsylvania Northeast Business Journal, PA)
Saving Graces? Nov 2, 2008
RAIDERS (2-5) VS. FALCONS (4-3) / Young quarterbacks shall lead them. Article:RAIDERS (2-5) VS. FALCONS (4-3) / Young quarterbacks sh:/c/a/2008/11/01/SPDG13RO3E.DTL Article:RAIDERS (2-5) VS. FALCONS (4-3) / Young quarterbacks sh:/c/a/2008/11/01/SPDG13RO3E.DTL. (San Francisco Chronicle -- Sports)
Modest gains for Bush at Summit of Americas / Sweeping promises, sharp divisions as 34-nation meeting ends Nov 2, 2008
Article:Modest gains for Bush at Summit of Americas / Sweeping :/c/a/2004/01/14/MNGS649LV91. DTL Article:Modest gains for Bush at Summit of Americas / Sweeping :/c/a/2004/01/14/MNGS649LV91. (Yahoo News -- Summit of the Americas)
TOPWRAP 14-US consumers slash spending, world markets stabilize Nov 1, 2008
Japan's two-largest banks, Mitsubishi UFJ Financial Group and Mizuho Financial Group, cut their earnings outlooks by more than half on Friday, hit by growing bad-loan costs and a plunging local stock market. In the troubled U.S. auto sector, a deal to merge General Motors Corp and Chrysler LLC hit an impasse after the Bush administration ruled out funding for it, according to Reuters sources. (guardian.co.uk)
Rockford Corporation Reports Third Quarter and Year to Date 2008 Results Oct 31, 2008
William R. Jackson, Rockford's President, commented, "We are disappointed in the results for the third quarter. The mobile electronics business continues to be negatively affected by the recent economic conditions. Our retailers report that they saw reduced store traffic and softer than expected third quarter sales. In addition, the financial meltdown at the end of September led many of our specialist dealers to postpone their end-of-quarter purchases because of the fearfully uncertain... (PR Newswire)
Gold falls from one-week high on weak oil, demand fears Oct 31, 2008
As the strong yen forced Japanese carmakers Mazda and Mitsubishi to slash full-year targets, struggling U.S. automakers were looking to obtain billions from the U.S. government to help them survive. More than 60 percent of global platinum use goes to autocatalysts to clean exhaust fumes. (India Times)
More Turning To Glide Oct 31, 2008
FromHyundai Mitsubishi of Fairfield. 2003 Ram. (San Francisco Chronicle -- Business)
It Was 79 Years Ago Today Oct 31, 2008
Every morning, we rise to hear of a bailout in Korea, the Ukraine or Kuwait; runs on pension funds in Argentina, the inability of Mitsubishi UFJ (nyse: - - ) to come up with $9 billion for Morgan Stanley (nyse: - - ); the disquieting short squeeze on Volkswagen (other-otc: - - ). Still to come are the losses on credit card paper and auto loans, the bankruptcies of some private equity deals, the obliteration of high-flying hedge funds and the sad financial demise of newspaper publishers holding... (Forbes -- Markets)
OCEANSIDE: Chavez rejects Minutemen endorsement Oct 31, 2008
They are power hungry people with extreme views and promoters of a free for all pillage of Oceanside by developers and business like Mitsubishi, majority owner of Robertson cement plant. Enough of this Troika. (North County Times)
Poll predicts Obama landslide in California Oct 31, 2008
FromVeracom Ford Mitsubishi. 1997 Explorer. (San Francisco Chronicle)
Nissan axes jobs as profits slump Oct 31, 2008
On Thursday, Mitsubishi Motor Corp. and Mazda Motor Corp. both cut their earnings forecasts for the financial year due to the slowdown and the high yen, which makes Japanese exports less competitive. Alain Dassas, the chief financial officer, said it was not only the yen that was hurting Nissan. (Sydney Morning Herald -- World)
Japan Minister: Harsh Storm Raging Oct 31, 2008
Mazda Motor Corp and Mitsubishi Motors Corp slashed their profit forecasts due to a brutal environment created by a stronger yen, sinking demand and tightening credit. 2008 Reuters. (Newsmax)
Mitsubishi Motors Slashes Profit Forecast on Lower U.S. Auto Demand, Yen Oct 30, 2008
Mitsubishi Motors Cuts Profit Outlook as Demand Falls (Update1) ... Mitsubishi Motors expects profit to drop as falling home values and tighter credit sap demand for cars ... For the six months ended Sept. 30, Mitsubishi Motors posted net income of 12. (Bloomberg -- Asia)
Mitsubishi back to profit, sales dip Oct 30, 2008
Mitsubishi Motors returns to black despite sales fall- International Business-News-The Economic Times ... Mitsubishi Motors returns to black despite sales fall30 Oct, 2008, 1243 hrs IST, AGENCIES ... TOKYO: Mitsubishi Motors Corp on Thursday said it returned to profitability in the first half after restructuring efforts, but sales slumped and it downgraded its annual forecast. (India Times)
Mitsubishi Motors books first-half profit Oct 30, 2008
TOKYO - Mitsubishi Motors Corp. said Wednesday it swung into the black during the April-September period for the first time in six years, helped by receding restructuring costs receded and a more profitable model mix ... Mitsubishi posted a net profit of 12 ... Mitsubishi, which makes the Eclipse sports coupe and Galant sedan, sold 602,000 vehicles worldwide during the first half, a 13 percent decline from the 691,000 units it sold last year, the company said. (Anchorage Daily News)
Mitsubishi Motors, Mazda book profits Oct 30, 2008
TOKYO Mitsubishi Motors Corp. said Thursday it swung into the black during the April-September period for the first time in six years, while the surging yen limited Mazda, an affiliate of Ford Motor Co., to a modest gain in profit ... Mazda Motor Corp. revised down net profits, while Mitsubishi lowered forecasts for sales and operating profits ... Mitsubishi, Japan's No. 4 automaker, posted a net profit of 12. (Globe and Mail -- Business)
Why China May Save The Electric Car Oct 29, 2008
In 2009, Mitsubishi Motors (other-otc: - - ) plans to start selling the i Miev, a small, snub-nosed hatchback that is powered by lithium-ion batteries, bringing it to market a year ahead of rival electric cars from General Motors and Renault-Nissan (nasdaq: - - ). Toyota (nyse: - - ) has also developed a next-generation all electric vehicle. (Forbes -- Business)
Japan's Carmakers Target China Oct 28, 2008
Mitsubishi Motors (other-otc: - - ), which will slash production in its Japanese plants by up to 100,000 vehicles between November and March, said it plans to set up its own $31 ... Mitsubishi Motors shares were down 11 yen (12 cents), or 9. (Forbes)
Markets: Asian stocks mixed Oct 28, 2008
Mitsubishi UFJ Financial Group and technology shares were the biggest losers on Tuesday. MUFG, the biggest Japanese lender, had announced late on Monday that it would raise up to $10. (International Herald Tribune)
INTERVIEW - Bolivia To Tap Huge Lithium Deposit In Salt Lake Oct 28, 2008
Beltran said that a number of mining companies, chiefly France's Bollore and Japan's Mitsubishi and Sumitomo are pushing for contracts to set up lithium plants in Uyuni. The companies want to mine lithium and export it as a raw material, said Beltran, whereas the Bolivian government wants to produce lithium hydroxide, lithium chloride, metallic lithium and even batteries in the Andean country so they can generate jobs and maximize revenue from the mineral. (Planet Ark, United States)
Gold rises 3 per cent on softer U.S. dollar Oct 28, 2008
This might help turn attention back onto supply-side issues, said Tom Kendall, precious metals strategist at Mitsubishi Corp. Though undoubtedly (there is) more bad news to come from auto sector too in the weeks ahead. Traders are also awaiting results from the world's number three platinum miner Lonmin later in the week. (Globe and Mail -- Business)
Japan's Nikkei stock index falls to 26-year low Oct 28, 2008
Top Japanese bank Mitsubishi UFJ Financial Group Inc. is looking to raise up to 1 trillion yen to bolster its balance sheet, weakened by its $9 billion investment in Morgan Stanley, The Nikkei financial daily said Sunday. Mitsubishi UFJ plummeted 14. (San Diego Union-Tribune -- Business)
Mitsubishi UFJ Financial to raise $10.6 billion Oct 28, 2008
Mitsubishi UFJ Financial to raise $10 ... TOKYO Mitsubishi UFJ Financial Group Inc. said Monday it will raise up to 990 billion yen ($10 ... Mitsubishi UFJ announced the capital raising two weeks after completing its $9 billion purchase of a 21 percent stake in Morgan Stanley. (San Diego Union-Tribune -- Business)
More U.S. banks turn to Treasury Oct 28, 2008
Mitsubishi UFJ Financial Group, Japan's biggest bank, said it would raise up to $10. 6 billion to replenish a capital base depleted by a plunging stock market and its investment in Morgan Stanley. (San Diego Union-Tribune -- Business)
G7 frets about yen, rate cuts seen ahead Oct 27, 2008
Mitsubishi UFJ Financial Group, Japan's biggest bank, said it would raise up to 10. 6 billion by issuing new shares, the latest sign that diving stocks are likely to shred profits at Japanese lenders. (Yahoo News -- Top Stories)
MMC, Trader Mitsubishi to Set Up Auto Sales Unit in Shanghai Oct 27, 2008
and major trading house Mitsubishi Corp. said Monday they will set up a fifty-fifty joint venture in Shanghai to sell the automaker's vehicles imported from Japan. "> MMC, Trader Mitsubishi to Set Up Auto Sales Unit in Shanghai Tokyo, Oct 27, 2008 (Jiji Press) - Mitsubishi Motors Corp. and major trading house Mitsubishi Corp. said Monday they will set up a fifty-fifty joint venture in Shanghai to sell the automaker's vehicles imported from Japan.The new firm, capitalized at 3 billion yen, aims... (JCN Network, Japan)
Dream Machines Oct 26, 2008
FromVeracom Ford Mitsubishi. 2006 Focus. (San Francisco Chronicle)
Credit crunch hurts car dealers, buyers Oct 26, 2008
Among them are Foss Motors on Epping Road in Exeter, Blake Chevrolet and Mitsubishi on Lafayette Road in North Hampton, and the Bournival Isuzu dealership, also on Lafayette Road, opposite Southgate Plaza in Portsmouth. Bournival continues to operate its other dealerships in the area, but no longer sells Isuzus. (Seacoast New Hampshire)
Tech.view: Move over, Prius Oct 25, 2008
One example is the GDI (gasoline direct injection) engine pioneered over a decade ago by Mitsubishi in Japan ... Mitsubishi gasoline direct injection. (The Economist)
Mitsubishi to unveil three new SUV models Oct 25, 2008
KUCHING: Mitsubishi Motors Malaysia Sdn Bhd plans to launch up to three new sport utility vehicle models at a local motor show in May, said chief executive officer Keizo Ono ... Mitsubishi sold 5,700 vehicles in the first nine months, almost 30% higher than the 4,414 units sold last year, Ono said ... Despite a decline in the automotive market this year, Mitsubishi Motors defied the odds and achieved strong results, he told reporters after the earth-breaking ceremony for the proposed RM8mil... (The Star Online, Malaysia -- Business)
Recession fears send Asian stocks tumbling Oct 25, 2008
The Tokyo market was spooked by media reports that auto giant Toyota Motor and megabank Mitsubishi UFJ are likely to suffer sharp falls in earnings. "The report about Mitsubishi UFJ sparked some selling because (the bank) was considered to be holding up in the turmoil," said Kazuhiro Takahashi, equity information head at Daiwa Securities SMBC.. (Business Report, South Africa)
SCRIPPS HOWARD NEWS SERVICE BUSINESS BUDGET Oct 24, 2008
RALLIART (Aukofer, SHNS -- Column) -- Details on the 2009 Mitsubishi Lancer Ralliart 800. With RALLIART-SPECS. With photo: SH08J190RALLIART. (Scripps Howard News Wire)
Asian brands dominate car quality rankings; Scion most reliable Oct 24, 2008
Toyota's Scion leads 'Consumer Reports' list of most reliable models. By Chris Woodyard, USA TODAY Although Japanese brands still dominated Consumer Reports' annual ranking for predicted reliability, the editors say Ford Motor is making such strides it has pulled well ahead of its Detroit rivals. (USA Today -- Autos)
LIST: Reliability rankings on 2009 brands Oct 24, 2008
Asian brands dominate car quality rankings; Scion most reliable - USATODAY.com. Asian brands dominate car quality rankings; Scion most reliable. (USA Today -- Autos)
* Toyota profits likely to plunge by half in year to next March Oct 23, 2008
Mitsubishi Motors Corp, meanwhile, raised its profit forecast yesterday for the first half, saying that despite falling sales the yen was not as strong as it had feared. Mitsubishi X for years the unprofitable exception among Japans automakers X said it expected net profit of D12. (Taipei Times, Taiwan -- World)
MHI to Acquire Rocla, a Finnish Electric Warehouse Truck Manufacturer, To Strengthen its Material Handling Equipment Business in Europe Oct 23, 2008
Tokyo, Oct 23, 2008 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) has decided to acquire Rocla Oyj, a manufacturer of electric warehouse trucks in Finland. MHI has already today concluded a three-party agreement under which Mitsubishi Caterpillar Forklift Europe B.V. (MCFE), a MHI subsidiary in Europe, will submit a public tender offer to acquire Rocla ... In addition to enriching its product portfolio by adding Rocla's products to its own lineup of counterbalanced forklift... (JCN Network, Japan)
MHI to Fully Own Finnish Warehouse Truck Maker Oct 23, 2008
said Thursday it has agreed with Rocla Oyj of Finland to take over the warehouse truck maker through a tender offer (JCN Network, Japan)
Recession fears slam world stocks Oct 23, 2008
Thursday, October 23, 2008. " onclick="Next();" src="/images/butt_next. (Channelnewsasia.com)
