Mitsubishi Motors Sees 28% Profit Rise

Japan’s Mitsubishi Motors Corp. forecasts full-year profit may rise 28 percent on higher overseas sales during a news conference in Tokyo on Monday, June 13, 2011. The maker of the i-MiEV electric car postponed its profit forecast from April 27 as it assessed the impact of the March 11 earthquake and tsunami that devastated Japan’s northeastern region. Mitsubishi slowed down production amid a shortage of parts, but the automaker said it hopes to increase sales in the current year in North America, Asia and Europe. (Photo by AFLO)