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TOKYO (AP) - Troubled Japanese carmaker Mitsubishi Motors reported a narrower loss for April-June quarter Tuesday and maintained its full-year outlook at a loss of 64 billion yen, or $570 million, as a series of scandals and recalls continued to squelch sales.
Losses at Mitsubishi Motors Corp. for the fiscal first quarter totaled 21.65 billion yen, or $193 million, an improvement from the 54.69 billion yen loss it racked up the same quarter in 2004. Quarterly sales dipped 13 percent to 485.83 billion yen, or $4.3 billion, from 557.60 billion yen.
Mitsubishi Motors has struggled to revive its image after acknowledging five years ago that it had systematically hidden auto defects for more than two decades to avoid recalls.
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