Egypt sales firm loses suit against Mitsubishi Motors

Tokyo–Japan's Mitsubishi Motors Corporation said on Wednesday a lawsuit brought against it by an Egyptian sales firm seeking damages of US$900 million had been dismissed by an Egyptian court.

In the suit, filed in February, sales firm Masria Company had claimed that Mitsubishi's termination of a distribution contract lacked reasonable grounds and demanded an extension of the contract or damages of US$900 million.

Mitsubishi had argued that it served a termination notice on Masria six months before the contract was due to expire, following agreed provisions.

Japan's sixth-largest automaker said in a statement it would continue arguing its case if Masria appealed the court's decision.

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