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Mitsubishi Australia makes second payback
Mitsubishi buoyed by improvements in its investment rating
9 Aug 2006
MITSUBISHI Motors Australia has made a "substantial" repayment to its Japanese parent – the second such payment the Adelaide-based car manufacturer has made this year.
The company also claimed last week that it had managed to lift its investment rating in the past month.
"We are satisfied with the way we are tracking at the moment," president and CEO Rob McEniry said in a statement.
"To be ahead of our plan at this stage of our financial year is encouraging, particularly when we still have a new Pajero and Outlander to launch in the next few months."The company is experiencing stock shortages with the new Triton dual-cab ute and other models including the Pajero Exceed and VR-X diesel variants.
It has also had to contend with what it described as "stock issues on some product lines" of its all-important 380 large car, sales of which were down last month to 826.
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