NEWS FROM THE STANDARD |
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New American Dreamer
Jun 19 2000 12:00 AM PDT
PROFILE |
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Mitsubishi Motors Corporation, the fourth-largest automaker in Japan, has had its pedal to the metal in hot competition with Toyota, Honda, and Nissan. Now it's getting some big-name help -- DaimlerChrysler has acquired a 34% stake in the company. Part of the Mitsubishi Group (Mitsubishi Heavy Industries owns a 17% stake), Mitsubishi Motors makes passenger cars that include the Galant, Aspire, and Eclipse models; the Montero SUV; and buses, trucks, and other light commercial vehicles. The company, which sells about 60% of its vehicles in Japan, has announced plans to cut about 9,500 jobs by 2004. Mitsubishi has also announced plans to strengthen its alliance with DaimlerChrysler.
COMPETITION |
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Honda Motor Co., Ltd. (HMC)
Nissan Motor Co., Ltd. (NSANY)
Toyota Motor Corporation (TM)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: March
2000 Sales (mil.): 31,608.90
1-Yr. Sales Growth: 17.8%
Employees: 25,846
Revenue per employee: $1,222,970.67
KEY PEOPLE |
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Takashi Sonobe
CEO
Fumikazu Yokogawa
CFO
CONTACT INFO |
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5-33-8 Shiba, Minato-ku
Tokyo 108-8410, Japan
Phone: 81-3-3456-1111
Fax: 81-3-5232-7731
Online: Web Site
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