Mitsubishi dealers face bankruptcy

Frankfurt. Many German Mitsubishi Motors Corp. dealers cannot survive selling the Mitsubishi brand alone and several MMC businesses might go bankrupt, officials announced at a dealer meeting last week.

The reasons: DaimlerChrysler has stopped financing MMC and, in Japan, several Mitsubishi cars had to be recalled, which resulted in a major sales drop there and in Germany. After a sales reduction of 15 percent in May, in June figures dropped by another 5 percent.

The dealers, who feel that the Mitsubishi has abandoned them, now want to expand their purchasing cooperative and plan to start a new marketing concept for the selling of used cars to improve their profit situation.

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