Mitsubishi Motors Corp. Sags

Hit by plunging sales in the United States and Japan, Mitsubishi Motors Corp. (MMC) sank deeper into the red last year and projected another year of loss on Monday as it struggles to patch up its brand image.

While other Japanese auto makers are cruising past the competition overseas, MMC is battling a tattered reputation from a high-profile series of recalls and arrests of former executives after it concealed safety-related defects from authorities.

Could this may spell more bad news for the Mitsubishi plant in Illinois? Hopefully economic developers there are considering this possibility.

More here.