Auto industry
Mitsubishi Motors lowers its full-year outlook
Mitsubishi cut its forecast for the fiscal year ending March 2027 to $445M (¥70B) in operating profit, down from $572M (¥90B), and to $18.80B (¥2,960B) in net sales, down from $20.70B (¥3,260B). Retail volume guidance fell 93,000 units to 764,000. The company says higher fuel prices tied to the Middle East conflict are pushing buyers toward electrified vehicles faster than it expected, while price competition and material costs are getting tougher, per Mitsubishi Motors. The change points to pressure on pricing and powertrain mix rather than a confirmed change to U.S. dealer programs.
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