Is Mitsubishi the first Jap car company to go?

[kennethboytoy]

I was just wonder............
Mitsu is bankupt and DC is unwilling to bail them out, then who's next?

[divinewisdom]

Originally Posted by kennethboytoy

I was just wonder............
Mitsu is bankupt and DC is unwilling to bail them out, then who's next?

who said mitsubishi is under?

uh. DC chose not to bail them out, but Mitsubishi Finance, Mitsubishi Investment, and Mitsubishi Heavy Industry did pump more money into the company. basically DC just lost shares of mitsubishi. they had a 35% share of mitsu, now its less than 20%.

its more like DC needs mitsubishi more than mitsu does of DC. DC needs the mitsubishi to help them develope the smaller engine and smaller compact cars to compete. plus mitsubhishi gave them a way to market their cars in asia (china, japan, and korea). mitsubishi will always be able to get more money, either from investors or the japanese government.

chrysler was in bankruptcy and lost money for 10+ years in the 70's and 80's. congress kept giving them money to stay afloat.