MITSUBISHI MOTORS CORPORATION

Mitsubishi Motors Corp on Friday said that Osamu Masuko would resign as chairman due to health reasons, and hand over the role to CEO Takao Kato on a temporary basis.

The new CEO of French carmaker Renault <RENA.PA> said on Thursday he was confident that his firm's troubled alliance with Japanese partners Nissan <7201.T> and Mitsubishi <7211.T> would demonstrate that it was valuable for all sides.

Japanese shares ended lower on Tuesday as investors maintained a cautious stance ahead of corporate earnings, while Mitsubishi Motors plunged to an all-time low after the carmaker posted dismal quarterly numbers.

Japan's Mitsubishi Motors <7211.T> faced doubts about a quick recovery after posting dismal quarterly sales in its key Southeast Asia market partly due to the coronavirus outbreak, sending its shares down 13% to a record low on Tuesday.

Japanese shares rose on Tuesday as semiconductor-related shares tracked a rebound in U.S. technology shares, while Mitsubishi Motors plunged to an all-time low after dismal earnings.

Shares of Japanese automaker Mitsubishi Motors Corp plunged more than 10% to 240 yen, marking an all-time low since their 1988 listing.

Japan's Mitsubishi Motors Corp <7211.T> on Monday forecast its second straight year of losses hurt by a plunge in sales due in part to the coronavirus pandemic.

Japan's Mitsubishi Motors <7211.T> is considering shutting down its Pajero subsidiary and closing a factory in central Japan that produces the sport-utility vehicle of the same name, two sources familiar with the matter told Reuters on Wednesday.

Renault SA, Nissan Motor Co and Mitsubishi Motors have no plans to merge and will instead focus on a new production sharing plan to cut costs and improve efficiency, Chairman Jean-Dominique Senard said on Wednesday.

Renault, Nissan Motor Co and Mitsubishi Motors Corp said on Wednesday that they aimed to produce nearly half of their car output under a new alliance scheme dividing up their production by 2025.

Mitsubishi Motors Corp <7211.T> will focus on cutting fixed costs by 20% or more in the next two years after reporting an 89% drop in annual profit, its weakest performance in three years, and skipping its year-end dividend.

Mitsubishi Motors Corp on Tuesday posted an 89% drop in annual operating profit in the year ended March as the Japanese automaker took a hit from falling vehicle sales as the coronavirus pandemic takes its toll on global demand for cars.

* MITSUBISHI MOTORS AIMS TO TRIM WORKFORCE IN THAILAND - NIKKEI

Japanese conglomerate Mitsubishi Corp could potentially take a 10% stake in French carmaker Renault as part of scenarios being discussed to reinforce an alliance between Renault, Nissan and Mitsubishi Motors, Les Echos newspaper reported on Thursday.

Mitsubishi Motors Corp <7211.T> is postponing the restart of its factory with Guangzhou Automobile Group in Hunan province until 27 due to the coronavirus outbreak, the Japanese automaker said on Friday.

Nissan <7201.T> informed a Dutch court on Monday that it would request that former boss Carlos Ghosn repay the compensation he received from its Dutch-based joint venture with Mitsubishi <7211.T>, a source close to the Japanese carmaker said.

Mitsubishi Motors Corp <7211.T> on Friday posted a surprise operating loss in the third quarter, its worst quarterly performance in more than three years, hurt by falling sales in China, Japan and Southeast Asia, as well as a stronger yen.

Mitsubishi Motors Corp <7211.T> said on Thursday there was no reason to believe it had committed fraud as suspected in a German investigation into the Japanese automaker over illegal emissions defeating devices used in its diesel vehicles.

Mitsubishi Motors Corp said on Thursday there was no reason to believe it had committed fraud as suspected in a German investigation into the Japanese automaker over illegal emissions defeating devices used in its diesel vehicles.