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MMC announces third quarter results

Mitsubishi Motors Corporation has revealed that global sales are down nine months into the financial year by 214bn yen (£1.1bn) to 1,617.9bn yen (£8.2m).

European sales have grown 43.9 billion yen (£22.3m) compared to the same period last year boosted by new products such as the Colt, which sold 171,000 units and strong sales in Eastern Europe.

Fiscal year 2004 net sales are expected to total 2,035 billion yen (£10.4m) with a net loss of 472 billion yen (£2.4bn).

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