Qantas announced a new international strategy on Tuesday with the acquisition of up to 110 Airbus A320s to boost its fleet, including its Jetstar Japan -- a new venture with Japan Airlines and Mitsubishi -- and a new Asia-based airline.
The athlete rear-ended a stalled car, officials tell PEOPLE
PSA Peugeot Citroën is in talks with Japan's Mitsubishi Motors over a broad-based alliance which may include a capital tie-up.
Time, it seemed, had stood still on the corner of Orangethorpe Ave. and Lemon St. More than 12 hours after Angels pitcher Nick Adenhart and two friends had been killed in a hit-and-run accident, nothing had changed on the normally quite intersection that divides a strip of mini malls and fast food restaurants.
Los Angeles Angels pitcher Nick Adenhart was among three people killed in a crash in Fullerton, California, early Thursday, according to the team and a hospital spokesman.
Los Angeles Angels pitcher Nick Adenhart was among three people killed in a crash in Fullerton, California, early Thursday, according to media reports.
Defending champion Cyril Despres has won the motorcycle stage six of the Dakar Rally, with Spain's Marc Coma extending his overall advantage.
What's the big major economic worry today? Japan, come on down! You're the next contestant on The Price Isn't Right!
Morgan Stanley wrapped up plans to sell a part of itself to Mitsubishi UFJ for $9 billion, the two companies said Monday, reviving hopes that the Wall Street firm will be able to survive the credit crisis.
Morgan Stanley is engaged in high-stakes talks with a big Japanese bank over a multi-billion capital investment in the embattled Wall Street bank, according to an online report Sunday.
Bank stocks took a dive Monday as investors continued to worry about the turmoil in the credit markets even as Congress works on passing a $700 billion bailout of the banking industry.
updated: Mon Dec 17 2007 11:50:00
CNN's Charles Hodson asks Currency Trader, Ed Ponsi, what the future has for the U.S. dollar.
Oil prices eased near $72 a barrel Wednesday ahead of U.S. inventory data expected to show a build in domestic petroleum product stocks, but a drop in crude supplies.
It may seem strange that the emirate of Abu Dhabi, one of the planet's largest suppliers of oil, is planning to build the world's first carbon-neutral city.
With global warming on everyone's mind, combined with a slew of electronic gadgets consuming more and more electricity, there's a greater need than ever for clean coal technology in the United States.
"Ford looks to Europe for new U.S. products" reads the headline in last week's issue of Automotive News. "CEO Mulally eyes Mondeo, S-Max, Transit."
South Africa's Giniel De Villiers took the Dakar Rally overall lead on Friday after winning the seventh stage between Zouerat and Atar which was shortened because of a blinding sandstorm.
Spain's Carlos Sainz extended his overall lead in the Dakar Rally on Wednesday after winning the winding fifth stage through the desert from Oaurzazate to Tan-Tan in Morocco.
Spain's Carlos Sainz won the second stage of the Dakar Rally on Sunday, ahead of Mitsubishi's Nani Roma and defending champion Luc Alphand.
Americans have more money, buy fancier toys, and live in bigger homes than ever before. CNN.com asked you for your definition of luxury and how the standards have changed over the years. Here is a selection of comments, some of which have been edited:
Contradicting a recent report in an industry newspaper, Mitsubishi Motor's U.S. division says the company has no plans to sell an electric car here.
Mitsubishi Motors Corp. plans to sell an electric car in the United States, according to a report in an industry newspaper.
Mitsubishi Corporation ranks no. 127 on FORTUNE's Global 500 this year, with $42.6 billion in revenues, up 10.5% from the previous year. The Tokyo, Japan-based company was ranked no. 149 on the 2005 list. Its 2005 profits were $3.1 billion, up 82.2% from a year earlier. 2005 was a banner year for most Global 500 companies.
Defending champion Stephane Peterhansel has lost the Dakar Rally lead after a costly tangle with a tree during stage 12, won by new leader Luc Alphand.
Defending champion Stephane Peterhansel compensated for a sluggish start to the Dakar rally by winning the fifth stage on Moroccan trails.
Frenchman Jean-Louis Schlesser used his experience of the Dakar rally to the full to win the first stage on African soil in this year's race.
Former world rally champion Carlos Sainz recorded his second successive stage victory on the second day of the Dakar Rally in Alcoutim, Portugal on Sunday.
France's Stephane Peterhansel and Hiroshi Masuoka of Japan are favorites to maintain Mitsubishi's stranglehold on the Dakar Rally when the 28th race starts on Saturday.
Americans are fed up with price gouging and government inaction on energy prices, according to a recent survey conducted for the Civil Society Institute, a nonpartisan, nonprofit think tank.
Mitsubishi Motors will reward buyers of new 2005 model year vehicles with a year's worth of gasoline, the company said in a statement Wednesday.
Asian stocks closed higher Wednesday, with Tokyo's Nikkei rallying sharply on hopes for the domestic economy.
Will Batman Begins or War of the Worlds be the summer's biggest blockbuster? Who cares. The thing to watch will be the Web commercials touting the pictures--banners and trailers that promise to sho...
Just a few months ago time seemed to be running out for Jürgen Schrempp. Investors were screaming for the DaimlerChrysler chairman's scalp because he had destroyed $60 billion in stock market value...
A sandstorm on the Sahara's edge on Friday forced cancellation of the Dakar rally's eighth stage because of bad visibility organizers said.
Defending champion Stephane Peterhansel, driving a Mitsubishi, won stage seven of the Dakar Rally to storm to the top of the standings.
Holder Stephane Peterhansel won the 492km timed section of the Dakar rally's sixth stage to Zouerat, Mauritania, on Wednesday as Colin McRae crashed out.
When it comes to automotive gizmos, Americans say they are most willing to pay for stuff that saves them at the pump, according to a study released Wednesday.
The Pontiac GTO, Nissan Armada and Chevrolet Equinox, all brand-new models, debuted at the top of their respective market segments in a major new-car satisfaction survey released Thursday.
Norway's reigning world champion Petter Solberg, driving a Subaru Impreza, took the overnight lead in the Rally of Italy, the 13th round of the 16-race world championship.
A vacation in France for Americans who have a zippy Toyota MR2 roadster back home provides a rare opportunity to feel smug around the French. After all, French drivers are still poking along in the...
Mitsubishi Motors Corp., Japan's fourth-largest auto maker, says it will unveil a highly anticipated medium-term business plan and its full-year result on Friday, May 21.
Has Jurgen Schrempp been fatally weakened by a management revolt, the collapse of his partnership with Mitsubishi, and the crumbling of his dreams for a global automotive alliance? Or can the comba...
Shares in Mitsubishi Motors Corp. surged Friday as reports circulated of a 250 billion yen ($2.28 billion) restructuring plan for Japan's embattled No. 4 carmaker.
Microsoft's better-than-expected earnings could be the focal point of a U.S. stock market rally when trading begins Friday.
The future of Japan's Mitsubishi Motors is hanging in the balance following a decision by its principal stake-holder to pull out of a rescue plan.
Former World Cup downhill skier Luc Alphand won the 12th stage of the Dakar Rally, as the race restarted after a three-day break to avoid armed bandits in Mali.
Two-time defending champion Hiroshi Masuoka of Japan assumed the lead in the 2004 Dakar Rally after winning the sixth stage, a 351km leg from Ouarzazate to Tan-Tan in Morocco on Tuesday.
DAKAR, Senegal (Reuters) - Four-times winner Ari Vatanen secured his 50th career Dakar Rally stage success on Sunday's 75-km special section on stage four between Tangiers and Er Rachidia in Morocco.
It's a long way from the spacious skies over the family tobacco farm in Kentucky to the tightly packed urban sprawl of Tokyo, but Timothy J. Collins has a foot in both places. He has also helped br...
PROFESSIONAL SERVICES Deloitte vs. Deloitte
Three years ago, Eric Grunbaum, a creative director with TBWA/Chiat/Day, was pulling an all-nighter and struggling with an ad. The product was the Infiniti SUV, and Grunbaum needed just the right k...
REVENUES % change RANK from 2001 2000 $mil. 2000
It was a record year--for losses. Of the world's 500 largest companies, 297 saw profits fall. Total earnings in 2001 were less than half what they were the previous year, by far the largest one-yea...
The tiny car looks like something used in a sci-fi movie for personal transportation on the elevated highways of Planet Xenia. The Smart, as it's called, is a two-seater intended principally for to...
The whispering began in Germany but quickly spread to the U.S.: Chairman Jurgen Schrempp had become the invisible man at DaimlerChrysler. With his automotive empire piling up losses and Schrempp hi...
The flags hang high above the assembly line, starting at the rear with the Stars and Stripes and progressing forward through Canada's Maple Leaf and the banners of Germany, Austria, Australia, Fran...
REVENUES % change Rank from 2000 1999 $mil. 1999
The Montero joined a select list of automobiles this week; too bad it also includes the Suzuki Samurai and the Isuzu Trooper. The SUV was the first car since 1996 to be rated "not acceptable" by Co...
Only yesterday, it seems, a choir of journalists, college professors, and management consultants was telling how the Japanese, through their superior manufacturing techniques, would subjugate the w...
Only yesterday, it seems, a choir of journalists, college professors, and management consultants was telling how the Japanese, through their superior manufacturing techniques, would subjugate the w...
One of the better known companies on the planet has spent a fortune reminding everyone that what's inside the computer is important. What's outside the computer is important, too. Use a small, cram...
It used to be that we had a job and we had a life. That was before a lot of innovations intervened: E-mail, dual careers, telecommuting, shuttles and intercity commuting, outsourcing.
Neither East nor West excels at sustained innovation, according to esteemed Japanese professor Hirotaka Takeuchi. Winning at the subtle game he calls "knowledge creation" means integrating apparent...
The battle royal has begun for control of Rockefeller Center, the bankrupt office and retail complex in the heart of Manhattan. Two of the country's biggest property investors, Chicago's Sam Zell (...
By the reckoning of some learned analysts, the world's largest company--Mitsubishi Corp. of Tokyo--should roll over and die. Mitsubishi, as they see it, is a lumbering, prehistoric beast that has o...
Late in February, David Rockefeller left New York for Tokyo confident that he had found a way to stave off disaster -- the bankruptcy of Rockefeller Center, a soaring symbol of his family's wealth ...
TWO LEADING AMERICAN COMPANIES MAY BE UP for grabs. And if deals come to pass, investors could realize mouthwatering gains ranging from 33% to 55%.
The Rockefellers. Bankruptcy. Not words that want to go fox hunting together. That's why David Rockefeller desperately tried to make a deal with majority owner Mitsubishi Estate to rescue Rockefell...
Rockefeller Center at holiday time is one of the joys of urban America. There's the commanding 80-foot Christmas tree sparkling along with the midtown Manhattan skyscrapers, rows of illuminated ang...
Lists of the largest dealers in swaps or other species of derivatives are common. But to FORTUNE's knowledge, this is the first that totals all the derivatives contracts of each dealer and presents...
SEEMS LIKE only yesterday the Japanese were at the top of the world's car business. Now they're discovering what life is like in the pits. Nearly every day brings more dire headlines: SALES FALL 11...
Vacation time for you, perhaps, but this is crunch time for automakers as they get ready for the new-model year that begins October 1. Several manufacturers hope to hitch profitable rides on comeba...
That buzzing you hear could be sports-car enthusiasts talking about the flashy new '93 Mazda RX-7. Or it might be the ultrasnug 255-hp two-seater itself. Why the noise? The sleek, lightweight (2,80...
NOT MANY PEOPLE realize just how stunningly big the commercial real estate debacle really is or how savagely it will continue to sweep through the U.S. economy. For a frame of reference, imagine th...
After years of surging sales, Japanese automakers are shifting into low gear as domestic demand for cars and trucks slows (see chart). One reason for the slump: Japanese buyers have less disposable...
After building sales in the U.S. with the help of hefty rebates earlier in the year, Honda is now trying to revive its sagging fortunes back home with an itsy-bitsy sports convertible called the Be...
Once again, Japanese companies are taking a technology invented in the U.S. and using it to create groundbreaking consumer products. The new technology is called fuzzy logic because it enables mach...
The preliminary agreement between United Technologies and West Germany's Daimler-Benz to invest in each other's jet engine companies adds to the growing list of corporations that are expanding glob...
In the industries that have changed the world, from fertilizers to machinery to computers, the firms that make the big capital investment early are the ones that survive. The cost advantages are tr...
CLUB MED 1 The outfit that calls itself ''the antidote for civilization'' is taking a shot at the fast-growing cruise business with a big, big sailboat. The newly christened Club Med 1, a 617-foot,...
HOME THEATER The hit of this year's Consumer Electronics Show in Las Vegas (where all the products on this page were featured) was the combination of giant television (screens from 27 inches to 120...
RECENT EVENTS have faded some of the battle ribbons on Chrysler Chairman Lee Iacocca. By scrimping on new-model investment in the mid-1980s, he allowed important car lines to wither. His pet ventur...
The name on a famous building doesn't necessarily reveal who owns it, as shown here. Foreigners have long been lured by U.S. real estate. According to Ivan Faggen, director of Arthur Andersen's Rea...
This nation's passion for planning for the long term is hitting new highs in Yamagata, a city in the country's remote north. On a recent mountain ramble Shigeki Ishii, 56, a branch manager for the ...
Is the auto world ready for another idea from Malcolm Bricklin? He's the entrepreneur who brought Subarus to the U.S. (successfully), imported Yugos (less successfully), and tried to start his own ...
TO PARAPHRASE a line from F. Scott Fitzgerald, there are no second acts in American business. Except Lee Iacocca's. Ten years after he was fired by Henry Ford II as president of Ford Motor Co., his...
Close your eyes and remember your last picture show: the screen stretches mesmerizingly wide, the sound effects are shiveringly real, and you sit back and sink your toes . . . right into the gummy ...
He was born in New York in 1926, took an undergraduate degree from Yale and a graduate degree from Harvard, lives on the East Side of Manhattan, and is president of a New York company. That, accord...
Naval engineering officer Yotaro Iida was helping build the battleship Shinano when word arrived that Japan had lost several aircraft carriers in the battle of Midway. Came the order: Convert Shina...
Is there anything Americans can teach the Japanese? Yes. How to deal with the probing, irreverent U.S. media. Japanese companies like Nissan Motor, Mitsubishi, and Suzuki are spending between $3,00...
Some 3.3 million American households have incomes that enable them to live affluent or rich lives. But far more -- 26 million -- partake of the good life some of the time, treating themselves to Go...
Hunkered down for communion with the tube, you tune in NBC's Miami Vice in time to see stubbly star Don Johnson open fire from the careering car at screen right. The shot barks in your right speake...
A TV COMMERCIAL for the Yugo, the new, boxy Yugoslavian car that sells in the U.S. for a base price of $3,990, opens with a classic Volkswagen Bug sitting in a white one-car garage, vintage late 19...
After a spectacular turnaround, Chrysler bet much of its future on forming joint ventures with other companies, including Mitsubishi of Japan (FORTUNE, January 7, 1985). In October, Chrysler and Mi...
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