Mitsubishi expects $1.4 billion loss after mileage cheating
TOKYO — Mitsubishi Motors Corp., which recently acknowledged it inflated mileage on its models, is forecasting a 145 billion yen ($1.4 billion) loss for the fiscal year through March 2017. The Japanese automaker said Wednesday vehicle sales will drop around the world, especially in Japan, where it expects a 41 percent plunge. The projected loss