Mitsubishi's profit plunged 94 percent in the latest fiscal year, hit by falling vehicle sales, foreign exchange losses and the costs of a fuel economy scandal. CEO Osamu Masuko pledged a recovery, aided by Nissan.
Nissan and Mitsubishi CEO Carlos Ghosn ruled out a full merger of the two automakers, but said he wants changes at the smaller company. The executive repeated comments made previously by the alliance that it was likely the carmakers will cross-manufacture in areas where it makes sense.
Mitsubishi is delaying the next-generation redesigns of the Outlander crossover and Outlander Sport compact crossover, key pillars of its lineup, as engineers seek ways to share components with Nissan under a new alliance.