MMTOF - Mitsubishi Motors Corporation
| Previous Close | 4.3600 |
| Open | 4.3600 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's Range | 4.3600 - 4.3600 |
| 52 Week Range | 3.9600 - 6.7300 |
| Volume | 35 |
| Avg. Volume | 712 |
| Market Cap | 6.524B |
| Beta (3Y Monthly) | 0.88 |
| PE Ratio (TTM) | 6.44 |
| EPS (TTM) | 0.6770 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.18 (4.17%) |
| Ex-Dividend Date | 2020-03-30 |
| 1y Target Est | N/A |
- Reuters
Carlos Ghosn sues Nissan-Mitsubishi in the Netherlands: paper
Carlos Ghosn has launched a court case in the Netherlands against Japanese carmakers Nissan Motor and Mitsubishi Motors , who ousted him as chairman of their alliance last year on charges of embezzlement, Dutch newspaper NRC reported on Saturday. Ghosn is seeking 15 million euros ($16.8 million) in damages from the carmakers, as grave mistakes were made when he was sacked, NRC reported, citing his lawyer. "In the Netherlands, if you want to fire an executive you have to first tell him what he's being accused of, and you have to provide him with the evidence for the accusations.
- Reuters
Nissan's technology could pay in Renault-FCA deal -sources
BEIJING/TOKYO, May 30 (Reuters) - Nissan's advanced technologies including platforms and electric powertrains could give it leverage in a merger involving Renault and Fiat Chrysler, thanks to a royalty system it has with the former, two people with knowledge of the matter said. A merged Renault-Fiat Chrysler could face an extra hurdle each time it uses technology developed by Nissan Motor Co or Mitsubishi Motors Corp, while the two Japanese automakers stand to gain a client in Fiat Chrysler (FCA) , one of the people said. Nissan's technology, particularly in electrification and emissions reduction, could give it some sway in the $35 billion potential tie-up between Renault and FCA, even as its stake in the newly formed company would be diluted.
- Reuters
Nissan's technology could pay in Renault-FCA deal: sources
BEIJING/TOKYO (Reuters) - Nissan's advanced technologies including platforms and electric powertrains could give it leverage in a merger involving Renault and Fiat Chrysler, thanks to a royalty system it has with the former, two people with knowledge of the matter said. A merged Renault-Fiat Chrysler could face an extra hurdle each time it uses technology developed by Nissan Motor Co or Mitsubishi Motors Corp, while the two Japanese automakers stand to gain a client in Fiat Chrysler (FCA), one of the people said. Nissan's technology, particularly in electrification and emissions reduction, could give it some sway in the $35 billion potential tie-up between Renault and FCA, even as its stake in the newly formed company would be diluted.
- Reuters
Japanese partners not left in the dark on Renault talks with FCA, Mitsubishi says
The Japanese partners of Renault SA have not been left in the dark by the automaker over its merger talks with Fiat Chrysler, the chairman of Mitsubishi Motors Corp said on Wednesday. "If the intention was to leave us out, they wouldn't have come all this way to explain their position, would they?" Osamu Masuko told reporters, following a meeting of top executives from Renault, Nissan Motor Co and Mitsubishi. Masuko said he was directly informed by Renault of its plans to merge with Fiat Chrysler for the first time earlier on Wednesday.
- Reuters
Masuko to step down as Mitsubishi Motors CEO, Kato to succeed him
Mitsubishi Motors Corp said on Friday that Osamu Masuko will step down as its chief executive on June 21 and be replaced by Takao Kato, who is president of its operations in Indonesia. Masuko will retain his role as chairman of the board, Mitsubishi Motors said in a statement, adding that Masuko and Kato will hold a press conference on May 20 to discuss the changes. Japan's sixth-largest automaker, in which Nissan Motor Co holds a controlling stake, said this month it expects profit to fall to 90.0 billion yen ($821 million) in the year to March as it navigates slowing demand for cars, global trade frictions and the need to develop new technologies.
ReutersMitsubishi Motors switches gears to slower growth in post-Ghosn era
Mitsubishi Motors Corp forecast on Thursday a 19 percent fall in operating profit this year as it reins in aggressive growth amid slowing global car demand and charts a new course after the ouster of former chairman Carlos Ghosn. Japan's sixth-largest automaker, in which Nissan Motor Co holds a controlling stake, expects profit to fall to 90.0 billion yen ($821.02 million) in the year to March, after a 14 percent rise to 111.8 billion yen in the year just ended. Mitsubishi said the need to invest heavily to develop and market new, on-demand transportation services and lower-emissions vehicles to comply with tighter regulations would put pressure on the automaker's growth prospects in the coming years.
- Reuters
Mitsubishi Motors CEO says not discussed integration with Nissan, Renault
TOKYO (Reuters) - Mitsubishi Motors CEO Osamu Masuko said on Thursday his company had not discussed a possible management integration with Nissan Motor and Renault. Speaking to reporters at an earnings ...
ReutersNissan, Renault break up almighty chairmanship in wake of Ghosn's ouster
Japan's Nissan Motor and France's Renault said they would retool the world's top car-making alliance to put themselves on more equal footing, breaking up the all-powerful chairmanship previously wielded by ousted boss Carlos Ghosn. The removal of Ghosn, credited for rescuing Nissan from near-bankruptcy in 1999, had caused much uncertainty about the future of the alliance and some speculation the partnership could even unravel. The companies, together with junior ally Mitsubishi Motors, on Tuesday said the chairman of Renault would serve as the head of the alliance but - in a critical sign of the rebalancing - not as chairman of Nissan.
- Reuters
Japan court blocks ex-Nissan boss Ghosn from attending board meeting
TOKYO/PARIS (Reuters) - A Tokyo court rejected ousted Nissan boss Carlos Ghosn's request to attend a board meeting this week, denying him a seat at the table even as the carmaker looks set to bolster an alliance he built over two decades. Prosecutors submitted a document to the Tokyo District Court from Nissan stating its opposition to Ghosn attending Tuesday's board meeting, Ghosn's lawyer, Junichiro Hironaka, told reporters. "Nissan's strong opposition to Ghosn's attendance is very regrettable," Hironaka said outside his law office.
- Reuters
Renault, Nissan, Mitsubishi chiefs to hold news conference Tuesday
The heads of Renault SA, Nissan Motor Co and Mitsubishi Motors Corp will hold a joint news conference at Nissan's headquarters in Yokohama on Tuesday, Nissan said. Renault Chairman Jean-Dominique Senard, ...
ReutersRenault, Nissan, MMC plan joint board meeting, eye integration - report
Renault SA, Nissan Motor Co and Mitsubishi Motors Corp plan to set up a joint board meeting structure to discuss issues related to their alliance in a step towards integration of operations, TV Tokyo reported on Sunday. Citing multiple sources involved in the matter, the broadcaster said the heads of the three automakers - Nissan Chief Executive Hiroto Saikawa, Mitsubishi Motors Chairman Osamu Masuko, and Renault Chairman Jean-Dominique Senard - are preparing to announce the plan for the joint meeting soon.
