QUOTE(Razor @ Aug 3 2008, 09:33 AM)

It's not Mitsubishi that's on the "TWO YEARS OR BUST" chopping block, though. That's my logic. It doesn't seem like Mitsu is going anywhere anytime soon, but I can't say the same for GM.
But I don't think that Mitsubishi's actually in a better financial situation than GM right now. I just think that nobody cares, and no news outlets talk about it, because they're a tiny car company that many US non-enthusiasts don't even remember exists. Whereas GM is a cornerstone of the US economy, so if GM goes, there are massive ramifications.
QUOTE
Mitsubishi Motors has been temporarily rescued from oblivion by the members of its zaibatsu who could not tolerate the public humiliation of the great name of Mitsubishi being associated with a bankruptcy or worse. Executives of the Mitsubishi group companies justified their decision to flush another few billion down the sewer by telling the world that they had to consider the social costs of job losses making them, somehow, more sensitive to the human condition than managers in the west.
The arrogance of that justification is almost more flabbergasting than the amount of money they just dumped down a hole when it will neither solve Mitsubishi's problems nor protect Mitsubishi worker's jobs for very long. The lessons of Nissan and Carlos Ghosn, the foreigner who broke with Japanese traditions to actually fix the company and create and secure jobs, were lost on the Mitsubishi crowd who decided that hope for a miracle was a business strategy.
Mitsubishi's problems are so deep seated that the Japanese public has lost confidence in the auto company's products after revelations of decades of hiding defects that put former managers in jail. Even if they had a great car or two it might not matter since the reputation of the brand has been destroyed by the old guard.
http://findarticles.com/p/articles/mi_m301...85/ai_n12937466QUOTE
This situation is very prevalent in today's automobile industry. Not many years passed since Mitsubishi Motors filed its bankruptcy which was arguably the biggest bankruptcy in Asia.
http://ezinearticles.com/?Good-Info-on-Ban...&id=1303561QUOTE
Mitsubishi put out a press release earlier today outlining its global business plan for the next few years. The official title of the blueprint for Mitsubishi's future is "Step Up 2010" and the automaker's overall prognostication looks good globally, but more "bear" than "bull" for the U.S. market.
Sales in the States are expected to drop by some 15,000 units by 2011, something that isn't entirely unexpected, while Mitsubishi figures that worldwide sales will increase from the 1.34 million units sold currently to 1.42 million by March 31, 2011. Most of the boom is expected to come from emerging markets in Brazil, China, India, the Middle East and Russia, with the latter expected to climb by close to 70-percent and eclipsing the American market by around 63,000 vehicle sales.
Mitsubishi's focus in the U.S. will primarily center on making a profit over selling as many vehicles as it can. To that effect, incentives will be reduced, dealer quality will be improved and a renewed focus on passenger cars will be established.
http://www.autoblog.com/2008/02/29/mitsubi...r-sportback-co/Except for concerns about the health care costs of unionized labor, this sounds pretty similar to what GM is going through right now.