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Thread: Details about LANCER!!!!!!

  1. #1
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    bilalahm's Avatar
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    Default Details about LANCER!!!!!!

    I have heard some rumours that the lancer which is launched in Pakistan had some serious technical problems and that's why it is exported in huge quantities to Pakistan. Though I don't believe it but people say that some article appeared in a reputed newspaper about this.
    Anyone having any information in this regard???????
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    This will give you some insight

    Mitsubishi Motors expects $4.3 billion loss, paper reports


    Reuters


    Copyright © 2004 Reuters Ltd.

    TOKYO - Ailing Mitsubishi Motors Corp. will report a huge downward revision to its full-year earnings outlook, forecasting a net loss of more than $4.3 billion, the Yomiuri Shimbun newspaper reported on Wednesday.

    The daily said the Japanese auto maker, which has estimated a 240 billion yen net loss for the year ending March 31, would widen that to over 450 billion yen.

    The company was hit by the adoption of new accounting standards for fixed assets and a damages payment to former main partner DaimlerChrysler AG, it said.

    Mitsubishi shares sank 5.9 percent to 144 yen by the end of trade, while the Nikkei average gained 0.88 percent.

    Other media also reported the likely revision, with Kyodo news agency saying the loss would amount to more than 400 billion yen.

    A Mitsubishi Motors spokesman said the figures were based on speculation and declined further comment.

    The revision is expected to be announced by the end of the month, when Mitsubishi unveils a new revival plan which will include a second major aid package after DaimlerChrysler gave up on its rehabilitation last April.

    Financial sources said this month that Mitsubishi group firms planned to pour up to 300 billion yen more into the automaker.

    Mitsubishi Motors secured an aid package of 496 billion yen from the Mitsubishi group and others last year, but its troubles deepened when it was found that it had not fully dealt with correcting its past practice of covering up vehicle defects.
    CAUTION: DSC OFF!

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    Well but are there any serious defects in the lancer or not???
    Apart from pakwheels, my blogs can be also be viewed at http://tajziat.blogspot.com/

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    Mitsubishi had serious troubles and there have been cases of recalls
    check more here

    http://www.mitsubishisucks.com/cars/recalls/japan/2004-06.html

    http://www.internetautoguide.com/auto-recalls/67-int/2004/mitsubishi/lancer/oz-rally/
    soa sunhar ki, aik lohar ki!

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