mitsu bail out

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mitsu bail out

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mitsu bail out - 5/20/2004 5:40:34 PM

ironfigner

Posts: 6
Joined: 5/14/2004
Status: offline

It seems as if they're going to be bailed out this time.

http://www.forbes.com/home/newswire/2004/05/20/rtr1378481.html?partner=msnbc

"TOKYO, May 20 (Reuters) - Mitsubishi Motors Corp T>will receive a bailout package totalling 430 billion yen ($3.8 billion), including up to a total 150 billion yen through the issue of common stock to JP Morgan Chase and Tokyo-based Phoenix Capital, Mitsubishi group sources said on Thursday. "

Post #: 1

mitsu bail out - 5/21/2004 3:00:21 PM

GameOver99

Posts: 12
Joined: 5/20/2004
From: United States
Status: offline

(in reply to ironfigner)

Post #: 2

RE: mitsu bail out - 5/22/2004 6:45:34 AM

crash

Posts: 118
Joined: 5/3/2004
From: United States
Status: offline

yeah they bailed there self out of that one

(in reply to ironfigner)

Post #: 3

RE: mitsu bail out - 5/23/2004 12:39:14 PM

BurntGSX

Posts: 1057
Joined: 2/22/2004
From: Treynor, IA
Status: offline

hey, I heard somethin about mitsu maybe falling off the face of the earth.?? something about them laying off around 800 employees and going out of buisness in the future.. whats up with that?

(in reply to crash)

Post #: 4

RE: mitsu bail out - 5/23/2004 9:16:19 PM

SpyderGS

Posts: 1015
Joined: 2/15/2004
From: United States
Status: offline

I thought it was just the MMCA part that was laying off people. I think they're Heavy Industries is still gonna make it. Maybe...i hope...well hey, atleast we got the evo in the U.S. before they die off!

(in reply to BurntGSX)

Post #: 5

RE: mitsu bail out - 5/24/2004 10:01:57 AM

BurntGSX

Posts: 1057
Joined: 2/22/2004
From: Treynor, IA
Status: offline

yeah, I wasn't sure about it, cause they make everything from cars to TVs so.. they have to be doing pretty well.. who knows though..I'm not too worried, they aren't going to come out with another AWD turbo eclipse so I could almost care. DSM all the way.. UNLESS that concept E comes out for production. I highly doubt that it is what they say. 400+hp, USA wont get anything that good

(in reply to SpyderGS)

Post #: 6