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Keyword: mitsubishi

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  • Mitsubishi Electric eyes F-35 missile deal with Europe's MBDA: sources

    07/04/2014 8:47:13 AM PDT · by sukhoi-30mki · 1 replies
    Reuters ^ | Jul 3, 2014 | TIM KELLY AND NOBUHIRO KUBO
    (Reuters) - Japan's Mitsubishi Electric (6503.T) has agreed to take the first step towards a partnership with European missile maker MBDA to develop a medium-range air-to-air missile for the F-35 stealth fighter, two people with knowledge of the matter said. The preliminary deal marks an extension of Prime Minister Shinzo Abe's bid to launch Japan's military suppliers into the global arms market through international tie-ups, and thereby bring down costs for Japan's defense procurement. If successful, it would represent the first time Japanese-built components had been used on a missile sold overseas, one of a string of potential international arms...
  • Nikkei Reports Mitsubishi to Use LENRs To Clean Nuclear Waste

    04/28/2014 7:49:53 AM PDT · by PapaBear3625 · 11 replies
    New Energy Times ^ | April 24, 2014 | Steven B. Krivit
    On April 8, 2014, Nikkei, the Japanese equivalent of the Wall Street Journal, reported that Mitsubishi Heavy Industries in Yokohama, Japan, plans to use low-energy nuclear reactions to clean nuclear waste. This patented LENR transmutation method was developed by Mitsubishi physicist Yasuhiro Iwamura. New Energy Times has translated the Nikkei story below. We have also placed online a copy of a recent slide presentation from Iwamura and an updated European patent specification from the company. The patent claims that the reactions occur not by fission or fusion, but by a two-step mechanism beginning with a weak interaction; a neutron is...
  • Transmutation Revolution? Mitsubishi Granted Patent for ‘Nuclide Transmutation’ Process

    03/05/2014 5:57:19 PM PST · by Kevmo · 15 replies
    ECat World ^ | March 4, 2014 | Admin
    Transmutation Revolution? Mitsubishi Granted Patent for ‘Nuclide Transmutation’ Process Posted on March 4, 2014 by admin • 64 Comments Thanks to Cold Fusion Now and AlainCo at LENR Forum for picking up what seems to be a very important development — Mitsubishi Heavy Industries has been granted a patent by the European Patent Office for a “Nuclide transmutation device and nuclide transmutation method” which the introduction to the patent states could allow for the transforming of long-lived radioactive waste into short-lived radioactive nuclides or stable nuclides, and the transmutation of abundant elements into rare earth elements. The patent application was...
  • Turkey may use Mitsubishi Heavy engines in new tanks

    12/29/2013 5:08:05 AM PST · by sukhoi-30mki · 19 replies
    Nikkei Asian Review ^ | December 28, 2013 | RYOSUKE HANAFUSA
    ISTANBUL -- Turkey would like to see its next generation of combat tanks powered by Mitsubishi Heavy Industries technology, its defense minister says, as the country looks to collaborate with Japan on a variety of military equipment projects. Turkey wants to work with Mitsubishi Heavy to develop a 1,500-horsepower-class engine and transmission system for the tanks, Ismet Yilmaz told The Nikkei in writing ahead of a Jan. 6-8 trip to Japan with Prime Minister Recep Tayyip Erdogan. Turkey is developing the Altay main battle tank with South Korea. Plans call for prototype testing during the next two years and equipping...
  • GM to stop making cars in Australia by 2017

    12/11/2013 2:15:01 AM PST · by Olog-hai · 13 replies
    Associated Press ^ | Dec 11, 2013 4:07 AM EST | Rod McGuirk
    General Motors Co. said Wednesday it will stop making cars and engines in Australia by the end of 2017, with nearly 2,900 jobs to be lost, because of high production costs and competition. The decision could spell the end of car manufacturing in Australia as the industry will be too small for supporting businesses such as parts makers to remain economic. Toyota Motor Corp. announced it is reassessing its future in Australia. A union said 50,000 jobs in the auto industry are in jeopardy. GM’s Australian subsidiary Holden once dominated Australian auto sales, but lost market share to imported cars....
  • Mitsubishi i available for just $69 a month in this outrageous lease (100% electric)

    02/25/2013 8:17:21 PM PST · by 2ndDivisionVet · 22 replies
    AutoBlogGreen ^ | January 22, 2013 | Jon LeSage
    O'Brien Mitsubishi, based in Normal, IL, is offering something way outside the norm: an absurdly low lease price – the cheapest we've ever seen – for on an electric vehicle. AutoblogGreen reader Josh K. could hardly believe what he saw when driving by a rotating banner advertising the a Mitsubishi i-MiEV recently: $69 a month for 24 months. That compares with the official Mitsubishi lease program from last fall, which was $249 a month for three years. Yes, it sounds too good to be true. So we called the dealership and had the lease offering confirmed. Salesman Scott Lovett explained...
  • Mitsubishi Reports Toyota Replication [of Iwamura's LENR transmutation of elements]

    12/12/2012 4:54:03 PM PST · by TXnMA · 166 replies
    New Energy Times ^ | December 7, 2012 | Steve Krivit
    Dec. 7, 2012 – By Steven B. Krivit – Researchers from Toyota Central Research and Development Laboratories performed an independent replication of a Mitsubishi low-energy nuclear reaction transmutation experiment, according to a physicist from Mitsubishi Heavy Industries speaking at the American Nuclear Society LENR session on Nov. 14 in San Diego, Calif. The physicist, Yasuhiro Iwamura, told the ANS audience that the Toyota researchers confirmed that nuclear changes from one element to another took place without the use of high-energy nuclear physics. Most scientists who have not followed this field closely consider such profound claims inconceivable. Toyota used a LENR...
  • Assembly starts on Japan's next-generation fighter jet

    03/29/2012 12:49:18 PM PDT · by sukhoi-30mki · 9 replies
    The Asahi Shimbun ^ | March 29, 2012 | HIROAKI KIMURA
    Assembly starts on Japan's next-generation fighter jet Work started on March 28 on a prototype of the nation's next-generation fighter jet, which will be produced entirely in Japan. The project, ordered by the Defense Ministry, is being carried out at a Mitsubishi Heavy Industries Ltd. plant in Aichi Prefecture. Mitsubishi Heavy is producing the fuselage and is in charge of overall assembly. IHI Corp. is building the engine, Fuji Heavy Industries Ltd. is manufacturing the wings, and Kawasaki Heavy Industries Ltd. is responsible for cockpit equipment. The Defense Ministry plans to have the prototype, equipped with stealth and other state-of-the-art...
  • Missile info leak suspected in MHI cyber-attacks (Japan)

    10/12/2011 8:40:18 PM PDT · by sukhoi-30mki · 1 replies
    The Yomiuri Shimbun ^ | Oct. 13, 2011
    Missile info leak suspected in MHI cyber-attacks The Yomiuri Shimbun Information on a domestically developed air-to-ship missile may have been leaked in cyber-attacks on Mitsubishi Heavy Industries, Ltd., according to sources close to the case. The information on the Type 80 missile is suspected to have been leaked in one of the about 300,000 illegal accesses to the server installed at MHI's Nagoya Guidance and Propulsion Systems Works in Komaki, Aichi Prefecture, the sources said. The nation's largest comprehensive heavy machinery maker, however, denied any information had been compromised. "We haven't yet confirmed any data leak on our products and...
  • Japan: Cyber-attackers could have stolen defense contractor's passwords

    10/08/2011 6:43:37 AM PDT · by TigerLikesRooster · 14 replies
    Cyber-attackers could have stolen defense contractor's passwords October 08, 2011 Passwords for servers at defense contractor Mitsubishi Heavy Industries Ltd. (MHI) may have been stolen during a wide-ranging cyber-attack. The Kobe Shipyard and Machinery Works, which builds submarines, and the Nagoya Guidance and Propulsion Systems Works, which makes missile-related products, were among installations compromised in the attack, which was reported to the Metropolitan Police Department on Sept. 30. In total, 45 servers and 38 personal computers at 11 of MHI's facilities were infected with viruses. An analysis of a virus used in the attack suggests the perpetrators used simplified Chinese...
  • Japan: Non-English Speakers May Be Behind M'bishi Heavy Cyberattacks

    09/30/2011 5:13:51 PM PDT · by TigerLikesRooster · 7 replies
    Jiji Press ^ | 09/30/11
    Non-English Speakers May Be Behind M'bishi Heavy Cyberattacks Tokyo, Sept. 30 (Jiji Press)--The viruses used in the recent cyberattacks on Japan's Mitsubishi Heavy Industries Ltd. <7011> may have been created outside the English-speaking world, analyses by a computer security firm showed Friday. Simplified Chinese characters were used for remote manipulation of target servers and several simple misspellings were found in programs written in English, according to the company, which analyzed some of the viruses. Given those facts, it is suspected that someone that can understand Chinese but is not good at using English created the viruses, the company said. In...
  • Mitsubishi Heavy Industries bids goodbye to F2 aircraft

    09/28/2011 7:35:05 PM PDT · by sukhoi-30mki · 15 replies
    Mainichi Japan ^ | September 28, 2011
    Mitsubishi Heavy Industries bids goodbye to F2 aircraft TOYOYAMA, Aichi -- Mitsubishi Heavy Industries (MHI) announced on Sept. 27 that production of the multirole fighter F2 would come to an end, bringing a conclusion to the aircraft's 16-year history. During a farewell ceremony held at the company's Komakiminami factory in Aichi Prefecture, President Hideaki Omiya handed over the company's last F2 fighter to the Ministry of Defense. Deployment of the next generation experimental fighter (FX) has been scheduled for 2016, but the government has been delaying the model's selection. The multirole, single-engine fighter aircraft produced for the Japan Air Self-Defense...
  • Missile and submarine secrets 'may have been stolen' in cyber attack on Japanese defence firm

    09/19/2011 11:20:53 AM PDT · by sukhoi-30mki · 6 replies
    The Daily Mail ^ | 19th September 2011 | Rachel Rickard Straus & Rob Waugh
    Missile and submarine secrets 'may have been stolen' in cyber attack on Japanese defence firm By Rachel Rickard Straus and Rob Waugh Last updated at 6:05 PM on 19th September 2011 Some of Japan’s most sensitive defence secrets have been targeted by hackers, who have gained access to up to 80 computers of its biggest defence contractor - in what appeared to be a coordinated attack. Contractor Mitsubishi Heavy Industries Ltd said today its submarine, missile and nuclear plant component factories had been targeted, according to a report. Some information could have been stolen in the first known cyber attack...
  • China vehicle maker to open plant in Kenya

    04/10/2011 7:31:58 PM PDT · by AfricanChristian · 21 replies
    China’s vehicle manufacturer Foton is setting up an assembly plant in Kenya in what is set to heighten the battle between China and Western nations for business in Kenya. The Sh1.2 billion assembly plant is expected to churn out 10,000 units of prime movers, tippers, buses, pick-ups, and light commercial trucks per year, making it one of the biggest foreign direct investments by a Chinese company. Foton said it is setting up the plant to avoid paying a 25 per cent import duty on cars to allow in its low cost products putting it in a head-to-head battle with Japanese...
  • Crisis May Scuttle Japan Fighter

    03/16/2011 8:36:52 AM PDT · by sukhoi-30mki · 3 replies
    The Diplomat ^ | March 16, 2011 | David Axe
    Crisis May Scuttle Japan Fighter March 16, 2011By David Axe Will the earthquake and tsunami, and the resulting economic pain, scuttle plans for the Shinshin stealthy fighter? The full implications for Japan of Friday's devastating earthquake and tsunami, as well as the ongoing problems at the Fukushima nuclear plant, remain unclear. But an ambitious and likely pricey military programme could be one of the first political casualties as Tokyo weighs the cost of recovery. In the early 2000s the forerunner to the Japanese Defense Ministry began developing a new, stealthy fighter jet under the auspices of the Advanced Technologies Demonstrator...
  • Japan eyes procuring F-35 fighters; gives up on more F-2 jets

    11/07/2010 8:15:18 PM PST · by sukhoi-30mki · 15 replies · 5+ views
    Japan Today ^ | 08th November 2010
    Japan eyes procuring F-35 fighters; gives up on more F-2 jets Monday 08th November, 07:54 AM JST TOKYO — The Defense Ministry has set its sights on procuring the F-35 fighter as Japan’s main next-generation fighter aircraft for the Air Self-Defense Force, giving up on an earlier plan to buy more F-2 fighters, ministry and Self-Defense Forces sources said Sunday. The ministry plans to seek procurement costs for the F-35 in its budget request for fiscal 2012 and is slated to begin full-fledged arrangements for the procurement plan early next year through a selection committee to prepare for the budget...
  • Japanese Review Bolsters Non-F-35 Order Case

    01/08/2010 7:39:51 AM PST · by sukhoi-30mki · 8 replies · 820+ views
    AviationWeek.com ^ | Jan 8, 2010 | Bradley Perrett
    By Bradley Perrett Japan is risking a rapid loss of fighter engineering skills, an official review of the industry warns, while urging the government to avoid fully importing combat aircraft. Estimates of future engineering effort starkly illustrate an unspoken argument for Japan to buy and develop advanced versions of the Eurofighter Typhoon, Boeing F-15 or Boeing F/A-18E/F to fill its requirement for 50 fighters. “An industrial base is difficult to rebuild once experienced engineers and mechanics leave the industry, so it is essential to keep it for future fighter development,” says the Commission on Reform of Fighter Production Technology Base....
  • Bolivia has lithium, and the president intends to make world pay for it

    02/12/2009 11:01:04 PM PST · by neverdem · 19 replies · 973+ views
    International Herald Tribune ^ | February 2, 2009 | Simon Romero
    UYUNI, Bolivia: In the rush to build the next generation of hybrid or electric cars, a sobering fact confronts both automakers and governments seeking to lower their reliance on foreign oil: almost half of the world's lithium, the mineral needed to power the vehicles, is found here in Bolivia - a country that may not be willing to surrender it so easily. Japanese and European companies are busily trying to strike deals to tap the resource, but a nationalist sentiment is building quickly in the government of President Evo Morales, an ardent critic of the United States who has already...
  • Mitsubishi to manufacture regional jets

    03/28/2008 3:29:54 AM PDT · by decimon · 19 replies · 633+ views
    Associated Press ^ | March 28, 2008 | Unknown
    TOKYO - Mitsubishi Heavy Industries is going ahead with its mid-sized regional jet — the first "made in Japan" passenger aircraft in three decades. The announcement from the company President Kazuo Tsukuda came Friday, a day after major Japanese carrier All Nippon Airways placed the first orders for the twin-engine aircraft that seats about 70 to 90 people. ANA ordered 15 of the jets from Mitsubishi Heavy Industries Ltd. on Thursday for delivery from 2013, with an option for 10 more. Mitsubishi, a Japanese machinery maker, has been testing out the response to the jet — which would face tough...
  • Mitsubishi ...Introduces New Category of Large-Format Televisions (Laser TV)

    01/10/2008 11:37:18 AM PST · by Reaganesque · 94 replies · 258+ views
    Mitsubishi Digital Electronics America Introduces New Category of Large-Format Televisions with Groundbreaking Laser Technology Mitsubishi's Revolutionary Laser Television Raises Home Entertainment to a New Level LAS VEGAS--(Business Wire)--Mitsubishi Digital Electronics America, Inc. today announced the world premiere of the laser television category during the Consumer Electronics Show in Las Vegas, unveiling a new large-format LaserTV that delivers as much as twice the color of current high-definition televisions. Mitsubishi has harnessed its worldwide leadership in precision laser technology to produce the first-ever laser-powered television, delivering a range of color never before seen in home entertainment. Precise and focused, the purity of...
  • U.S. ban forces Japan to modernize F-15 fighters

    12/18/2007 4:35:07 AM PST · by sukhoi-30mki · 16 replies · 90+ views
    RIA Novosti ^ | 17/ 12/ 2007
    U.S. ban forces Japan to modernize F-15 fighters 16:58 | 17/ 12/ 2007 TOKYO, December 17 (RIA Novosti) - Japan will be unable to purchases state-of-the-art U.S. fighter aircraft before 2010, and will prioritize instead the upgrading of the Air Force's 40 F-15 Eagle jets, a Defense Ministry source said on Monday. F-15 Eagle, an all-weather tactical fighter designed to gain and maintain air superiority in aerial combat, was developed for the U.S. Air Force, and first flew in July 1972. The source confirmed that there had been an indefinite postponement in the delivery of the next-generation U.S. fighter jets,...
  • PICTURES: Pratt & Whitney Geared Turbofan engine selected to power Mitsubishi Regional Jet

    10/09/2007 1:42:03 PM PDT · by Freeport · 18 replies · 2,411+ views
    Flightglobal.com ^ | 09/10/07 | Stephen Trimble
    Pratt & Whitney’s Geared Turbofan (GTF) engine has been selected to power the Mitsubishi Regional Jet (MRJ), launching the first of several next-generation engine programmes promising to deliver the next leap in fuel efficiency for airliners. “We believe the [GTF] offers a technological breakthrough that will provide the best economy and performance for the Mitsubishi Regional Jet," said Kazuo Tsukuda, President, Mitsubishi Heavy Industries, Ltd., in a statement. The MRJ is a 70-seat to 90-seat airliner.
  • Mitsubishi, Areva to bid for US nuclear project

    06/22/2007 10:13:33 AM PDT · by Republicain · 10 replies · 334+ views
    TOKYO, June 22, 2007 (AFP) - Japan's Mitsubishi Heavy Industries Ltd. said Friday it and France's Areva have jointly bid for a multi-million-dollar research and development project on a US nuclear fuel cycle program. The United States is set to resume building nuclear power plants after a gap of more than two decades amid growing concern about high oil prices and greenhouse gas emissions. Under the plan, Japan's top heavy machinery maker will mainly work on fast breeder reactors -- which are in part driven by plutonium fuel -- while Areva will design facilities to reprocess spent nuclear fuel, said...
  • Cars may not be essential anymore

    12/11/2006 6:50:33 AM PST · by LurkedLongEnough · 103 replies · 2,454+ views
    The News-Times [Danbury, CT] ^ | December 11, 2006 | Mark Langlois
    For all the nonsense about the love affair between Americans and their cars, people seem to spend a whole lot of time and effort to avoid climbing into a car. Super Stop & Shop's Peapod provides home delivery of groceries. That eliminates one's weekly trip to the grocery store. Get the grocery list online, pick the items, and the food appears in the insulated box outside your house. People can go to Match, Jdate, EHarmony and Match.com to start dating without even heading to a bar. What happened to joining the ski club? What happened to taking night classes? Tennis,...
  • Mitsubishi preparing to jump on diesel bandwagon

    11/21/2006 10:08:37 AM PST · by Red Badger · 8 replies · 456+ views
    motortrend.com ^ | 11/21/2006 | Staff
    Japanese automaker Mitsubishi recently announced it is developing a diesel engine for a European market vehicle, and although it says it has no plans to bring a diesel option to the U.S., it hasn't ruled it out, according to a report in Automotive News.
  • Ohio car dealership draws fire for ad declaring jihad

    09/23/2006 9:00:43 AM PDT · by jdm · 41 replies · 2,310+ views
    AP via WFRV ^ | Sept 23, 2006
    COLUMBUS, Ohio (AP) A car dealership's tongue-in-cheek radio advertisement declaring ``a jihad on the automotive market,'' will not be changed, the company said, despite drawing sharp criticism that the ad's content is offensive. Several stations rejected the spot from Dennis Mitsubishi, which boasts that sales representatives wearing ``burqas'' head-to-toe traditional dress for Islamic women will sell vehicles that can ``comfortably seat 12 jihadists in the back.'' The Columbus chapter of the Council on American-Islamic Relations decried the ad as disrespectful. ``Using that as a promotional pitch when so many are dying from the criminal activity of suicide bombers, that's not...
  • Mitsubishi weighs into US market

    07/07/2006 7:14:26 PM PDT · by snowsislander · 12 replies · 539+ views
    Mitsubishi Heavy Industries (MHI) has announced plans to enter the emerging US reactor market with a version of its advanced pressurised water reactor (APWR), which will be branded the ‘US-APWR’. The Japanese company has also launched a subsidiary, MHI Nuclear Energy Systems (MNES), based in Washington, to handle the process, market the reactor and attract orders for replacement nuclear power components. Two similar APWR units are planned for construction at Tsuruga in Japan to produce 1538MWe each for Japan Atomic Power Company. American units, however, would feature modifications MHI say US companies demand. Improvements include greater economy through the increase...
  • Dentsu and Mitsubishi are in Kahoots

    06/09/2006 2:12:10 PM PDT · by G. Stolyarov II · 68+ views
    RisingSunofNihon ^ | June 9, 2006 | Dr. Bill Belew
    Dentsu holds the largest share of the Japanese advertising market - which is the second-largest in the world compared to the US. They also have a cool main page with lines going up and down and growing. I have no idea what it means, but it sure kept my attention. Mitsubishi is Mitsubishi. Subsidiaries of these two giants - Geneon Animation and d-rights - have agreed to establish a joint venture fund specializing in projects that are related to the production of Japanese animated works. Japan's animation is second to none. It is not 3-D, and, so far, they don't...
  • Japanese brands dominate list of top cars in U.S.

    03/02/2006 6:09:12 AM PST · by Graybeard58 · 173 replies · 3,379+ views
    Waterbury Republican-American ^ | March 2, 2006 | Dee-Ann Durbin (A.P.)
    DETROIT -- For the first time in nine years, all of the top picks in Consumer Reports' annual vehicle guide are made by Japanese automakers. The Honda Civic is the magazine's top small sedan, while the Toyota Highlander Hybrid is the top mid-sized sport utility vehicle, according to results released Wednesday. Vehicles from Nissan Motor Co. and Subaru, a division of Fuji Heavy Industries Ltd., round out the top picks in 10 categories. Asian brands also fared best in the magazine's survey of vehicle reliability. Toyota Motor Corp.'s Lexus brand was first, while Honda was second and the Toyota brand...
  • CA: Report says natural gas project at port isn't environmental risk (FERC & Long Beach LNG)

    10/08/2005 10:04:32 AM PDT · by NormsRevenge · 3 replies · 292+ views
    Corvallis GazetteTimes.com ^ | 10/8/05 | Gary Gentile - ap
    LOS ANGELES — A proposed liquefied natural gas terminal at the Port of Long Beach cleared a major hurdle Friday as a federal panel concluded the project would not pose an environmental threat to the area. The environmental staffs of the Federal Energy Regulatory Commission and the port, along with the U.S. Coast Guard and several other agencies, conducted the yearlong review. The draft report said the terminal would be within acceptable noise and air pollution limits, and that tanks holding the liquid natural gas and pipelines carrying it could withstand all but the most violent earthquake. The report also...
  • US has sealed deal on Japan's licensed production of PAC-3 missiles: report

    07/17/2005 2:43:12 PM PDT · by Righty_McRight · 5 replies · 452+ views
    AFP ^ | July 16, 2005
    TOKYO (AFP) - The United States has concluded a deal to allow Japan's licensed production of US-developed surface-to-air missiles which will constitute the core of a joint missile defense system, a report said. The two governments sealed a memorandum of understanding in March on the licensed production of Patriot Advanced Capability 3 (PAC-3) interceptor missiles, the Asahi Shimbun newspaper reported in its evening edition. US Lockheed Martin Corp. is expected to sign a contract within the current fiscal year which ends in March 2006 to license Mitsubishi Heavy Industries Ltd. with PAC-3 production, the influential daily said. Officials were not...
  • Cutbacks could affect 10,000 jobs

    09/12/2004 12:48:29 PM PDT · by Willie Green · 24 replies · 692+ views
    Peoria Journal Star ^ | September 12, 2004 | JESSICA L. ABERLE
    Analysts say related position losses likely across region after Maytag closing, Mitsubishi cuts Maytag. Mitsubishi. Two strikingly different situations, with all too similar results: Hundreds of central Illinois manufacturing workers face unemployment by week's end. In all, about 2,000 workers - 1,200 from Mitsubishi Motors North America plant in Normal and 800 at Maytag's Galesburg refrigeration plant - are expected to be furloughed between Wednesday and Sept. 24. And that's just the tip of the iceberg.
  • Daimler-Chrysler to stop building Dodge, Chrysler cars in NORMAL, Ill

    05/29/2004 9:27:09 PM PDT · by take · 19 replies · 205+ views
    DaimlerChrysler to stop building Dodge, Chrysler cars in Normal NORMAL, Ill. - DaimlerChrysler will stop building Dodge and Chrysler cars at Mitsubishi Motors Corp.'s auto plant here in 2005, the company said Wednesday. The decision comes at the end of a five-year agreement, and is not related to recent financial troubles at Mitsubishi Motors, plant spokesman Dan Irvin told The (Bloomington) Pantagraph. "We knew we were building cars for them through June of next year," Irvin said. "There was not any plan to do anything after that." Chrysler Group spokesman Dave Elshoff declined to say if the company would build...
  • Mitsubishi Motors Cuts Jobs, Closes Japan Plant

    05/21/2004 7:10:11 AM PDT · by 38special · 9 replies · 333+ views
    Associated Press ^ | 05/21/04 | Yuri Kageyama
    Mitsubishi Motors Cuts Jobs, Closes Japan Plant By YURI KAGEYAMA Associated Press TOKYO -- Japanese automaker Mitsubishi Motors Corp. will cut nearly 11,000 jobs, or 22 percent of its global work force, close an assembly plant in Japan and receive a $4 billion infusion from the Mitsubishi group and other investors under a revival plan its chief executive described as its "last chance." Under the plan announced today, Mitsubishi Motors will keep open its U.S. plant in Normal, Ill., but will shutter an engine plant in Australia while keeping a passenger car plant there. The company will close a passenger...
  • Next time, try....

    01/30/2004 8:16:56 PM PST · by Amerigomag · 8 replies · 125+ views
    Business 2.0 ^ | Feb 2004 Issue | Horowitz, Athitakis, Lasswell, and Thomas
    After marketing its sporty Eclipse coupe to 20-something slacker types through a mix of ultrahip ads and zero-percent financing, Mitsubishi Motors announces a $469 million loss from loan defaults. New CEO Rolf Eckrodt says the company's mistake was "aiming at customers interested in products which are lifestyle-oriented and emotional and cool." The fix? Aiming at customers with money. The move looks good on paper—just not the paper on which the company's books are kept. After tightening up credit requirements, Eclipse sales fall by 48 percent, forcing Mitsubishi to spend another $432 million to clear out unsold inventory.
  • Greens Infiltrate Boardrooms To Urge Corporate Surrender

    04/02/2002 1:11:42 PM PST · by snopercod · 28 replies · 304+ views
    Investor's Business Daily | April 2, 2002 | Kerri Houston
    The corporate perception of the anti-globalization movement is of unkempt, youthful demonstrators taking to the streets to disrupt every gathering of international commerce. They are seen as naughty children with little real influence over the "suits" running multinational corporations. But it’s not street mobs posing a major danger to business; instead, it is the roosters in the henhouse of economic prosperity – anti-capitalists in pinstripes. The anti-globalization crowd is making major inroads into corporate business practices by marching right through the front door. Radical greens in business suits are now employed at some of the largest public relations firms in...