Mitsubishi Motors in 2009 a number of initiatives to try turning

February 23, the Japanese company Mitsubishi Motors president Mashiko repair in an interview with the media, said the company into a substantial reduction in production costs, is expected to achieve fiscal 2009 earnings.

As far as possible to reduce expenditure, but it will not turn off the factory

While Mitsubishi Motors fiscal 2008 deficit will reach ¥ 60,000,000,000 (approximately 4.32 billion yuan), but repair Mashiko president said that because of the global market in 2008, have suddenly become very bad, so the deficit in fiscal 2008, the inevitable But anyway, this situation will reverse in the 2009 fiscal year, because in 2009, they will make full preparations and adjustments.

It is understood that the same industry for the recovery of the performance of Toyota Motor, compressed 10% of fixed expenses, director express repair Mashiko, Mitsubishi made, much more than this.

In order to cut expenses and exit from Mitsubishi Motors began to take part in the 1983 Rally and suspension of the original plan to expand their scale of production. The United States and Japan in accordance with the current exchange rate situation, the Exchange has been able to anticipate operating income will be reduced around ¥ 30,000,000,000 (approximately 2.16 billion yuan), can only rely on reduced manpower costs and raw material prices to adjust earnings.

Turning to whether it will turn off the domestic or overseas factories problem, Mashiko repair the denial of such possibility, he said: "The factory is a larger system, once closed, it is difficult to restart in the near future. This will not keep up economic recovery the pace is not conducive to long-term development. In particular, the current productivity is declining Mitsubishi USA factory, although there have been deficits and exchange rates is not optimistic, but after this industry reshuffle is likely to become the main factory. "

Multi-financing, the suspension of cooperation with Chrysler

Global credit crunch makes policy nervous chain enterprise funds, Mitsubishi Motors Corporation's cash balance in 2008 from 3,558 at the end of 3 billion yen (about 256 yuan RMB billion) to the end of last year's 267.9 billion yen ( approximately 19.3 billion yuan). 1 ─ 3 this year, coupled with months of strengthening the production, it was concerned about further loss of cash. Mashiko repair is said that this year there will be no financial problem. But next year, "in order to have adequate funding to ensure that input electric motor and other new technologies, we must consider a variety of financing channels - not only to Japan policy investment bank financing, will also consider the society to absorb idle capital." About Mitsubishi Heavy Industries, Mitsubishi Corporation, Mitsubishi Tokyo UFJ Bank 3 major shareholders of companies that require funding support to the possibility of Mashiko president said that the group companies will in many ways to support each other, but now the moment has not done particularly in need of help.

At the same time, Mashiko president also said that Mitsubishi sold previously in the U.S. market produced by the Chrysler Raider pickup cars, but because of high fuel consumption and the economic slowdown, the recent poor sales. In addition, Chrysler is currently in order to rely on government assistance to survive circumstances, to continue to cooperate with the company's benefits do not, the company will suspend the United States in 2010 Chrysler's OEM agreement.