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Mitsubishi Troubles Deepen — Insurers Reopen Accident Investigations, Sales Plunge

As Japanese insurers reopen accident investigations of Mitsubishi vehicles, the scandal-plagued automaker admits that, contrary to earlier denials, people were injured in the recently recalled 1992 Libero. Meanwhile, with the company’s image battered, sales in Japan are plunging.

Background
Former and current officials arrested for professional negligence and other offenses resulting in death in 2 fatal accidents in 2002
DaimlerChrysler AG owns 65% of Mitsubishi Fuso
DC declined to take part in rescue of Mitsu, but will continue to hold its 37% stake and will continue joint business projects

Jun 29, 2004admin
ADESA Launches IPO at $24 per ShareGE Commercial Finance, Fleet Services Launches Employee-Direct and Truck Remarketing Channels
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