Gold Falls; Tokyo Futures Post First Annual Loss in Nine Years Dec 30, 2008
The Israel-Hamas tension continued lending support to gold, , research manager at Mitsubishi Corp. Futures & Securities Ltd. in Tokyo, said today by phone ... Tokyo gold and platinum futures came under pressure this year after spot market prices dropped from record highs and the yen strengthened, Mitsubishis Sugata said. (Bloomberg)
Father forced to rob Next store as family held at gunpoint Dec 30, 2008
Police are appealing for information on a silver Mitsubishi Charisma car which was taken from the family s home. Attacks like this one - known as tiger kidnappings - have been regularly employed in Northern Ireland to target families of managers at banks and other offices with access to cash. (Times Online)
Nissan, NEC to spend $1B on battery output Dec 30, 2008
Japan's Toyota Motor Corp and Mitsubishi Motors Corp both have their own joint ventures to develop and produce lithium-ion batteries. Honda Motor Co this month announced a joint venture with GS Yuasa Corp -- also Mitsubishi Motors' partner -- to produce and sell lithium-ion batteries mainly for hybrid cars. (EETimes)
Japan stocks rise as Nikkei ends worst year ever Dec 30, 2008
1 percent to 698,000 yen, and trading house Mitsubishi Corp., which has a large commodities business, added 2. 8 percent to 1,238 yen. (The Star Online, Malaysia)
Steve Cahalan: Dahl Automotive of La Crosse opens showroom Dec 30, 2008
Its La Crosse location sells Ford, Subaru, Mitsubishi and Suzuki automobiles. Dan and Robin Kohls will open their third Snap Fitness location Jan. 1 in Suite 3 at 136 S. Walnut St. in downtown La Crescent. (La Crosse Tribune, WI)
* Japan closes worst year Dec 30, 2008
Shares in Sony Corp tumbled 69 percent this year, while top bank Mitsubishi UFJ Financial Group was down 47. 56 percent. (Taipei Times, Taiwan -- World Business)
3 Japanese insurers in talks to merge Dec 30, 2008
"Each of the three has its own unique strength," said Nozomu Kunishige, an analyst with Mitsubishi UFJ Securities ... The company official said specific steps toward the merger had not been decided, but Kunishige of Mitsubishi UFJ said Mitsui Sumitomo, the biggest of the three, was likely to take a leading role in any process. (International Herald Tribune -- Money Report)
MHI Completes Public Tender for Rocla, a Finnish Electric Warehouse Truck Manufacturer; To Strengthen Material Handling Equipment Business in Europe Dec 30, 2008
Tokyo, Dec 25, 2008 - (JCN Newswire) - Mitsubishi Caterpillar Forklift Europe B.V. (MCFE), a European subsidiary of Mitsubishi Heavy Industries, Ltd. (MHI), has successfully completed a public tender offer to acquire Rocla Oyj, a manufacturer of electric warehouse trucks in Finland ... All Rocla shares owned by Mitsubishi Caterpillar Forklift America Inc., an MHI subsidiary in the U.S., were transferred to MCFE on December 16 ... About Mitsubishi Heavy Industries. (JCN Network, Japan)
Tokyo markets close on 42% annual... Dec 30, 2008
Brokers at Tokyo Mitsubishi UFJ said that, even after the market s first positive month since May, there remained a need for extreme caution. The share price gains throughout December were achieved on exceptionally low volumes Tuesday s session marked the lowest level all year and many investors suspect that share prices may have been boosted by a spate of pre year-end window dressing. (New York Post -- Business)
THE 2009 WASHINGTON AUTO SHOW(R): 'Driven by the Environment' is Produced by the Washington Area New Automobile Dealers Association (WANADA) Dec 26, 2008
The most efficient and innovative vehicle will be selected from five finalists: the Chevrolet Volt, Fisker Karma, Honda FCX Clarity, MINI E, and Mitsubishi i-MiEV The Green Car Pavilion, a showcase of the industry's newest and most innovative hybrid and alternative fuel vehicles, including hybrid race cars and battery-powered technology. The pavilion, housed in the entrance of the convention center, reflects the 2009 WAS theme: "Driven by the Environment." HOT, NEW CARS: Among the hundreds of... (PR Newswire)
Mizuho of Japan and DBS of Singapore to raise $6.7 billion Dec 23, 2008
Mizuho Financial Group, the largest Japanese bank after Mitsubishi UFJ Financial, will sell 355 billion, or $4 billion, worth of preferred shares, almost 20 percent more than originally planned, to domestic institutional investors ... Analysts do not expect further raising of capital by major banks in Japan and Singapore, at least in the near future, noting that Mizuho's rivals, Mitsubishi UFJ Financial and Sumitomo Mitsui Financial, had already issued shares to shore up their capital ...... (International Herald Tribune -- Business)
Japan Stocks Gain on BOJ Plan to Ease Credit Risk; Nomura Jumps Dec 22, 2008
Mizuho, Japans second-listed bank, added 4 percent to 270,200 yen, while market leader Mitsubishi UFJ Financial Group Inc. rose 2. 9 percent to 576 yen. (Bloomberg)
Mizuho Financial Group to raise $4 billion Dec 22, 2008
A weakening economy and plunging equity markets have taken a toll on lenders, forcing Mizuho's bigger rival, Mitsubishi UFJ Financial Group, to say in October it would raise up to 990 billion through a mixture of common and preferred shares to replenish capital. Today in Business with Reuters. (International Herald Tribune)
Toyota sees first operating loss Dec 22, 2008
" Toyota will postpone all projects to expand capacity, move 16 of its 75 global assembly lines to a single shift, and cancel directors' bonus payments for this year, among a wide range of steps aimed at improving near-term profitability, he said. Even the electric hand dryers at the company's Nagoya office building have been unplugged in an effort to cut costs. Watanabe stopped short of projecting what global car sales and earnings would do next year, saying only that Toyota hoped to return to... (Yahoo News -- Top Stories)
What help for automakers means for workers, consumers Dec 22, 2008
Also, "They have to get the negativity out of the media," says Ian Beavis of media buying firm Carat and a former marketing executive at Kia and Mitsubishi. "They can't go out there seeming desperate.". (USA Today -- Autos)
Drive it forever Dec 21, 2008
Q. I have a 2002 Mitsubishi Lancer with an aftermarket turbo. While cruising at 70 mph, I heard a backfire and the car began to run very rough. (Boston Globe)
2009 Chevrolet Cobalt SS: Incognito On Street, Not ... Dec 21, 2008
92 on the skid pad, and rated the Cobalt higher than its competitors from Mazda, Mitsubishi and Subaru. I can tell you this car carves up back roads unlike virtually any front wheel drive car I can remember. (Fox News)
Asian currencies continue to rise Dec 21, 2008
"It looks like there are no big trading factors left this year, so players will pay attention to how the US government handles the automaker bailout," Mitsubishi UFJ Securities senior dealer Minoru Shioiri said ... Mitsubishi UFJ Trust and Banking forex manager Hideaki Inoue said: "Heading into next week, I can't see a big change in the trend of a stronger yen against the dollar.". (India Times)
The Toyota Republicans Dec 21, 2008
Be it BMW, Honda, Toyota, Nissan, Mazda, Mitsubishi or Hyundai, the South has become a sanctuary for foreign assembly plants, for which Southern states have been paying subsidies ... And, unlike Mitsubishi, General Motors didn't bomb Pearl Harbor. (Human Events Online)
2009 Green Car Vision Award(TM) Finalists Announced Dec 20, 2008
One of these five finalists -- the Chevrolet Volt, Fisker Karma, Honda FCX Clarity, MINI E, or Mitsubishi i-MiEV -- will be honored as the 2009 Green Car Vision Award winner during a press conference on Public Policy Day February 3, at The Washington Auto Show in Washington D.C. ... Mitsubishi i-MiEV electric cars are on the highway in a demonstration program with Southern California Edison and PG&E.. (PR Newswire)
There Are Too Many Car Companies Anyway Dec 20, 2008
Audi BMW Buick Cadillac Chevrolet Chrysler Corvette Dodge Ferrari Ford Honda Hummer Hyundai Infiniti Jaguar Jeep Kia Lamborghini Land Rover Lexus Lincoln Lotus Maserati Mazda Mercedes-Benz Mini Mitsubishi Nissan Pontiac Porsche Saab Saturn Scion Smart Subaru Suzuki Tesla Toyota Volkswagen Volvo. I imagine you know where I'm going with this. (Forbes)
Dollar rallies as auto bailout eases worries Dec 20, 2008
"Heading into next week, I can't see a big change in the trend of a stronger yen against the dollar," said Hideaki Inoue, chief manager of forex trading at Mitsubishi UFJ Trust and Banking Corp.. This week, the dollar has taken a beating from both the yen and the euro after the US Federal Reserve slashed interest rates to a range of zero to 0. (India Times)
Bank of Japan Cuts Key Interest Rate, Pumps More Funds Into Banking System Dec 19, 2008
Japans economy has declined at an unprecedented pace in the current quarter, said , chief fixed-income strategist at Mitsubishi UFJ Securities Co. in Tokyo. In particular, the auto industry, which widely affects other sectors and is vital for economic growth, is heading for a decline. (Bloomberg -- Asia)
Gold drops more than 2 per cent Dec 19, 2008
The euro took a bit of a big hit this morning, said Tom Kendall, precious metals strategist at Mitsubishi ... Volatility is more of a deterrent than the absolute price level to people particularly in jewellery business, Mr. Kendall at Mitsubishi said. (Globe and Mail -- Business)
Japan cuts rate to just above zer... Dec 19, 2008
Naomi Fink, Japan strategist at the Bank of Tokyo Mitsubishi UFJ, sounded a note of caution over the rate cuts, which effectively deprive Japanese households of around Y1. 5 trillion in interest income. (New York Post -- Business)
Asian stocks hit six-week high Dec 18, 2008
Mitsubishi UFJ Financial Group Inc., Japan's largest listed bank, rose 2. 1% to 530 yen. (Sydney Morning Herald -- Business)
Japanese shares up 0.87 pc at break Dec 18, 2008
Financial stocks kept rising, with Mitsubishi UFJ Financial Group up 2. 50 percent at 531 yen. (India Times)
COE prices down across the board, biggest drop in big car category Dec 18, 2008
Thursday, December 18, 2008. " onclick="Next();" src="/images/butt_next. (Channelnewsasia.com)
Japan quietly seeks global leadership niches Dec 17, 2008
Already, in the financial crisis, Japan has expanded its global footprint with the Nomura Group's $2 billion purchase of Lehman Brothers' Asian, European, and Middle Eastern operations, and with Mitsubishi Financial's $9 billion investment in Morgan Stanley, the struggling New York investment firm. The government has also pledged $100 billion to the IMF to aid developing countries, the only country so far to do so. (Christian Science Monitor -- USA)
Nissan to Cut Output by 78000 Vehicles From January Dec 17, 2008
Mitsubishi 110,000 1,100 seasonal and Worldwide contract workers by March 31. Mazda More than 173,000 1,500 contract workers by Japan Jan. 31. (Bloomberg)
It takes a village to sell an electric car Dec 16, 2008
Mitshubishi's electric subcompact, the iMiev, has been testing a fast charging infrastructure with seven Japanese utilities capable of replenishing battery charge to 80 percent in 30 minutes, said David Patterson, senior manager for research and development at Mitsubishi Motors in North America ... Mitsubishi also plans to run tests as with California utilities Pacific Gas & Electric and Southern California Edison. (Yahoo News -- Technology)
US auto woes mean trouble for Japanese makers, too Dec 16, 2008
"Whether it is the impact on consumer confidence or the impact on the suppliers that we all share, having one or more of the major automakers in severe distress has consequences for the entire industry,'' said Simon Sproule, corporate vice president of global communications at Nissan Motor Co., Japan's third-biggest carmaker. Among the major U.S. suppliers are Delphi Corp., Bosch Auto Parts and TRW Automotive. Dan Irvin, spokesman for Mitsubishi Motors North America, said the Japanese automaker... (The Star Online, Malaysia -- Business)
Japan Stocks Rebound on US Auto Rescue Hopes; Shippers Jump Dec 15, 2008
Mitsubishi Estate Co. climbed 7 ... Mitsubishi Estate, Japans second-biggest real-estate company, jumped 7. (Bloomberg)
Nikkei jumps over 4% on relief over US autos Dec 15, 2008
"The tankan was very bad and the forecast especially very bad, much worse than expected. Stocks should not be rising," said Nagayuki Yamagishi, a strategist at Mitsubishi UFJ Securities. "But relief over the auto bailout lifted Wall Street, and this is lifting the Nikkei as well. That's the main thing." Other market players said short-covering was emerging after Friday's rapid fall, which saw the benchmark Nikkei shed 5. (India Times)
MX-5 refreshed Dec 15, 2008
Last Updated: 06:54am 15 Dec 2008. 16 25 SPONSORED LINKS. (iAfrica.com)
Hitting pay dirt with clean cars Dec 14, 2008
In addition to the proposed 2010 arrival of the Volt, MINI is testing a pure electric vehicle, called the MINI E. Nissan says they will introduce a pure-electric car for fleet use, Mitsubishi plans to bring a pure-electric with a range of 100 miles to the U.S. and Dodge is looking at electric as well. Motor Matters, 2008. (San Francisco Chronicle)
World markets drop on rejection of US auto bailout Dec 13, 2008
The automobile sector is a fundamental industry for both the US and Japan, and a failure would be a major blow to Japan as well,'' said Nagayuki Yamagishi, a strategist at Mitsubishi UFJ Securities in Tokyo. The bailout failure is just the beginning. (India Times)
We Forget Too Quickly . . . Dec 13, 2008
Audi, BMW, Daewoo, Fiat, Honda, Isuzu, Mitsubishi, Nissan, Porsche, Subaru, Suzuki and Toyota gave nothing, according to the report. We can be quick to judge, forgetful of good acts, critical and nasty in our remarks, and even wrong in some of our assumptions. (Missourian Publishing, MO)
Porsche will skip Toronto auto show Dec 13, 2008
Mitsubishi, Land Rover, Rolls-Royce and Suzuki will also skip the Detroit show next month as automakers trim their budgets in a difficult economy. (). (Globe and Mail -- Business)
Fuelled by savings Dec 13, 2008
4 lites/100km, the car is more economical than several models under the premium family car segment such as the Mitsubishi Lancer GT and the Hyundai Elantra. Audi. (The Star Online, Malaysia -- Business)
Japan announces new economic stimulus package Dec 12, 2008
Tatsushi Shikano, senior economist with Mitsubishi UFJ Securities Co. in Tokyo, said the announcement must be followed by rapid action to be effective. He warned that some measures weren't likely to kick in until next year, postponing their effects to even later. (San Francisco Chronicle -- Business)
Nikkei falls over 3 pc, watching yen and auto bailout Dec 12, 2008
Mitsubishi UFJ Financial Group lost 2. 4 percent to 488 yen and No. 2 bank Mizuho Financial Group slid 2. (India Times)
Dollar falls to 13-year low against yen Dec 12, 2008
"The automobile sector is a fundamental industry for both the U.S. and Japan, and a failure would be a major blow to Japan as well," said Nagayuki Yamagishi, an equities strategist at Mitsubishi UFJ Securities in Tokyo. The rescue package sought by Detroit's ailing automakers was earlier approved by the House of Representatives but unraveled in the Senate. (USA Today -- Money)
Five-Year Notes Gain Most in Six Weeks as Stocks Tumble on U.S. Auto Bill Dec 12, 2008
The U.S. bailout plan is affecting the stock market boosting bonds, said , an analyst at Mitsubishi UFJ Securities Co., a unit of Japans largest bank by assets, in Tokyo. The downgrading of the economic assessment is a step forward toward another rate cut. (Bloomberg -- Japan)
Some Cars Are Foreign-Owned, but Made in the U.S.A. Dec 11, 2008
"We make them here and they're built by American citizens and increasingly we're designing them here," said Kim Custer, spokesman for the Association of International Automobile Manufacturers, which represents Toyota, Mitsubishi, Honda, Nissan, Hyundai, Kia, Isuzu, and Subaru ... Mitsubishi, Mercedes-Benz, Subaru, Nissan and Hyundai also have U.S. plants that employ American autoworkers ... "People should not discriminate against a product simply because it bears the logo of an international... (Fox News)
Thomas L. Friedman: While Detroit slept Dec 11, 2008
On Tuesday, Japan's Ministry of Environment invited Better Place to join the first government-led electric car project along with Honda, Mitsubishi and Subaru. Better Place was the only foreign company invited to participate, working with Japan's leading auto companies, to build a battery swap station for electric cars in Yokohama, the Detroit of Japan. (International Herald Tribune)
Sumitomo Mitsui to raise $5.8 billion Dec 11, 2008
Kim Kyung-Hoon/Reuters Sumitomo Mitsui's bigger rivals, Mitsubishi UFJ and Mizuho, have also announced fund-raising plans ... Sumitomo Mitsui's bigger rivals, Mitsubishi UFJ and Mizuho, have also announced fund-raising plans. (International Herald Tribune -- Business)
RACE Pro - Production Cars Details Dec 11, 2008
After a difficult decade in the 1970s due to the oil crisis, new government regulations and changing consumer tastes, the late 1980s saw Chrysler purchase American Motors Corporation (which netted the company the Jeep brand) and launch a joint venture with Mitsubishi known as Diamond Star Motors. In 1998, German-based Daimler-Benz merged with Chrysler to form DaimlerChrysler. (Yahoo News -- Auto Racing)
Complaints prompt state investigation of Premier Auto Group Dec 11, 2008
Premier Auto Group also owns Beaverton Lincoln, Beaverton Mercury, Beaverton Mitsubishi, Premier Hyundai of Milwaukie, and Hillsboro Hyundai. Hillsboro Hyundai and Premier Hyundai are also under investigation. (KGW Northwest NewsChannel 8, OR)
Tokyo stocks close sharply higher Dec 11, 2008
Volume leader Mitsubishi UFJ Financial Group gained 10 yen, or over 2 percent, to 468 yen. The TSE's Second Section index rose 6. (Xinhuanet, China)
Japan's Nikkei 225 Rises in Longest Streak Since May on U.S. Auto Bailout Dec 11, 2008
Mitsubishi Corp., Japans biggest trading house, jumped 8 ... We are now witnessing a market that wants to rise, said , a Tokyo-based senior strategist at Mitsubishi UFJ Asset Management Co., which oversees about $61 billion ... Non-bank shares have been falling for the longest time and kept dropping even when the Nikkei 225 bottomed out in October, said Mitsubishi UFJs Ishigane. (Bloomberg -- Japan)
Premiere Ford, Beaverton Mitsubishi latest to close Dec 10, 2008
Premiere owner Joe Khorasani said he intends to close his Beaverton Mitsubishi dealership later this week, idling another 45 ... The closure of Khorasani's Ford and Mitsubishi stores brings to 21 the number of Oregon auto dealerships to close this year ... Customers of Premiere Ford or Beaverton Mitsubishi with questions can get additional information at 503-353-0800. (OregonLive, OR -- Business)
Shares rally on crisis fight hopes Dec 10, 2008
"The uncertainties that have been dogging the market are being removed one by one," said Hideaki Inoue, chief manager of forex trading at Mitsubishi UFJ Trust Bank in Japan. "Equity markets are bottoming out. Measures by governments to help economies are also being seen in a positive light. All these factors have helped reduce market volatility.". (International Herald Tribune)
Japan sinks even deeper beneath economic slump Dec 10, 2008
In the car sector, Mitsubishi Motors said it would suspend production at a plant in Illinois for seven weeks next year because of a slump in demand. In Washington, the White House and the Democratic majority in congress were set to continue talks on an emergency loan package estimated to be worth up to $15 billion for General Motors, Chrysler and Ford Motor. (Business Report, South Africa)
Machinery Orders Fall as World Recession Prompts Exporters to Cut Spending Dec 10, 2008
Komatsu Ltd. and Mitsubishi Heavy Industries Ltd. led the declines ... Mitsubishi Chemical Holdings Corp. will cut equipment investment 27 percent to 430 billion yen ($4. (Bloomberg -- Japan)
Japan Stocks Rise a Third Day, Led by Developers, Shippers; Honda Surges Dec 10, 2008
Mitsubishi Estate Co., Japans second-biggest developer, surged 7. 6 percent to 1,417 yen. (Bloomberg -- Japan)
Car prices fall as cos pass on excise benefit Dec 9, 2008
NEW DELHI: Car makers Maruti, Hyundai, Mitsubishi and Toyota have cut prices by 3-3 ... Imported vehicles Toyoto Prado and Mitsubishi Modero are cheaper by around Rs 1. (Economic Times)
Higher target price for Proton Dec 9, 2008
81 after the national carmakers announcement of a non-equity partnership agreement with Mitsubishi Motor Corp (MMC) ... However, we view the agreement as being more favourable to MMC pending the confirmation of Protons rebadged model by Mitsubishi, it said in a report released on Tuesday ... Last Friday, Proton announced it had entered into a strategic partnership with Mitsubishi. (The Star Online, Malaysia)
Japan revises 3rd quarter GDP downward Dec 9, 2008
"The revision was bigger than expected," said Tatsushi Shikano, a senior economist at Mitsubishi UFJ Securities. "Given further weakness in exports and capital spending since October, the economy's contraction will deepen in the fourth quarter.". (International Herald Tribune -- Business)
Westpac Banking rides rally with share sale Dec 9, 2008
The leading Japanese banks, Mitsubishi UFJ and Mizuho, recently raised a total of more than $8 billion to replenish capital diminished by a global stock market slide. Commonwealth Bank of Australia began an issue of three- and five-year bonds worth 1. (International Herald Tribune -- Business)
Bleak economic data in Japan and Europe Dec 9, 2008
By Tony Munroe and Kevin Liffey Tony Munroe And Kevin Liffey. Asia shares rally on U.S. car plan. (Yahoo News -- Top Stories)
Win-win for Proton-Mitsubishi? Dec 9, 2008
Win-win for Proton-Mitsubishi ... Win-win for Proton-Mitsubishi ... A win-win relationship is a worn out cliche but somehow it rings true in the reconciliation between Proton Holdings Bhd and Mitsubishi Motors Corp.. (The Star Online, Malaysia -- Business)
American carsfight perceptionof lower quality Dec 8, 2008
Front page news - newsjournalonline. MONDAY, DECEMBER 8, 2008. (Daytona Beach News Journal)
Asian Markets Rally on China Stimulus Hopes Dec 8, 2008
Japan's biggest bank Mitsubishi UFJ Financial Group rose 2. 1 percent. (Time.com)
Don't see the U.S.A. in a Chevrolet Dec 7, 2008
I owned a Mitsubishi that started and stopped when I wanted it to and was fun to drive in between. I took it with me when I moved to Europe and eventually sold it there. (Albany Times Union)
