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Losses and sales drop for Mitsubishi and Toyota

Green Cars News

Mitsubishi along with Toyota subsidiaries Hino Motors and Daihatsu Motor Co are among the first automakers to report results for the fiscal year ending in March with Honda due to release its earnings later today (Tuesday) while Toyota reports its results on May 8 and Nissan on May 12.

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Honda announces £1billion loss

Green Cars News

Following on from yesterday’s news about losses and falls in profit for Mitsubishi, Daihatsu and Hino Motors , Honda has now announced a significant loss of more than £1billion for the fourth quarter of the fiscal year 2008-2009. per cent - the company suffered its first year-on-year drop in sales in nine years.

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