Mitsubishi Motors Announces Production, Sales and Export Figures for October 2007

Tokyo, November 27, 2007 — Mitsubishi Motors Corporation today announced global production, as well as domestic sales and export figures for October 2007.

Total global production came in at 124,136 units, an increase of 14.8 percent over October 2006 and marking the eighth consecutive monthly increase since March this year. Production volume in Japan increased 10.1 percent to 75,316 units, the thirteenth consecutive month of year-on-year growth. This growth was driven by a 28.8 percent increase in output (26,378 units) of the new Mitsubishi Lancer for the Russian, North American, and Middle East and African markets and by a 147.9 percent increase in output (14,789 units) of the new Mitsubishi Outlander for the U.S., European and Chinese markets.

Vehicle sales in Japan in October totaled 14,751 units, a 18.7 percent decrease year-on-year. Passenger car (registrations and mini-car) sales of 11,072 units and commercial vehicle sales of 3,679 units were 20.3 percent and 13.6 percent down respectively on the same month last year. Total registered vehicle sales were 17.2 percent up year-on-year driven mainly by the introduction of the new Galant Fortis. Total mini-car sales were 33.5 percent down.

Overseas production volume totaled 48,820 units, 23.0 percent up over October last year. In Europe production came in at 6,555 units or 15.6 percent up on last year's figure. In North America production at 7,858 units was 16.6 percent down on last year. In Asia production at 29,648 units was 39.8 percent up on October 2006 driven by an increase in export shipments of the L200 pickup truck from Thailand.

Total exports from Japan of 43,886 units were 60.1 percent up on October 2006, marking the twelfth consecutive month of year-on-year increases and setting a new record for October since Mitsubishi Motors spun off its truck and bus operations in 2003. Exports to Europe of 19,842 units marked a very substantial 109.1 percent increase on the back of buoyant sales in Russia, the Ukraine and central Europe, and the highest level for October since 2003. Exports to Asia of 2,819 units were 171.3 percent up over the same period last year. Exports to North America of 2,224 units were 36.7 percent down on October 2006.

Source: Mitsubishi Motors Corporation

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