Mitsubishi Motors' bad wager on yen may put brakes on stock's recovery

Article Abstract:

Mitsubishi Motors Corp. made an untimely currency hedge, which puts the company in a worse condition despite the yen's devaluation. Mitsubishi Motors is locked in an exchange rate of about 90 yen to the dollar through currency contracts. Thus, the company will not be able to post gains out of the yen's depreciation until the fiscal year ends on Mar. 31, 1996. The currency hedge Mitsubishi Motors made has become more of a bane than a boon to its business.

Automobiles, Automobile Manufacturing, Evaluation, Hedging (Finance), Securities, Mitsubishi Motors Corp.

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In naming a foreigner to be its president, Mazda speaks the new language of business

Article Abstract:

The appointment of Henry D.G. Wallace as the new Mazda Motor Corp. president marks the first time that a foreigner has been tapped to head a Japanese automaker. Observers regard Wallace's appointment as a positive development for the troubled company. Wallace has also earned the respect of his Japanese colleagues but there are also some old-line executives who resent the fact that foreigners now run the company.

Motor Vehicles, Automobile and Light Duty Motor Vehicle Manufacturing, Officials and employees, Appointments, resignations and dismissals, Mazda Motor Corp., Wallace, Henry D.G.

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