Scandal-Hit Mitsubishi Motors Sees $1.4 Bln Loss In FY16

Mitsubishi Motors Corp., which expects hefty charge on fuel-cheat scandal, Wednesday said it sees fiscal year net loss of $1.4 billion or 145 billion Japanese Yen. This is for the first time in the last eight years that the company reports a loss. Last year, it had recorded profit of 89.1 billion yen.

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