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Tag: Mitsubishi

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Mitsubishi suffers $90m loss in suspected copper fraud

Mitsubishi Corp. has reported a loss exceeding $90 million in China due to suspected fraud involving one of its copper traders, highlighting ongoing risks for major commodity trading houses. The loss comes amid a series of recent misconduct cases in the sector. In October, Trafigura Group disclosed a potential $1.1 billion loss in Mongolia linked […]

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Mitsubishi to sell only EV, hybrid cars by 2030s

The automaker, Mitsubishi plans to strengthen its auto electrification strategy and remain competitive in the market by ensuring all its new car sales beginning from the middle of 2030s are only battery electric vehicles and hybrids. Reuters reported that Mitsubishi, which is also a junior partner in an alliance with France’s Renault SA and Nissan Motor, […]