Mitsubishi Motors announces production, sales and export figures for September 2007 & for the first half of fiscal 2007

Tokyo, October 29, 2007  — Mitsubishi Motors Corporation today announced global production, as well as domestic sales and export figures for September 2007 and for the first half of fiscal 2007.September 2007

Total global production came in at 124,145 units, an increase of 16.4 percent over September 2006 and marking the seventh consecutive monthly increase since March this year. Production volume in Japan increased 20.9 percent to 75,934 units, the twelfth consecutive month of year-on-year growth. This growth was driven by increased output of the new Lancer for the Russian, North American, and Middle East and African markets and of the new Outlander for the U.S., European and Chinese markets.

Vehicle sales in Japan in September totaled 22,515 units, an 18.9 percent decrease year-on-year and the first downturn since July. Passenger car (registrations and mini-car) sales of 17,160 units and commercial vehicle sales of 5,355 units were 17.3 percent and 23.9 percent down respectively on the same month last year.

Overseas production volume totaled 48,211 units, 9.9 percent up over September last year. In Europe production came in at 5,651 units or 24.8 percent down on last year’s figure. In North America production at 5,339 units was 35.0 percent down on last year. In Asia production at 31,961 units was 29.1 percent up on September 2006 driven by a 28.0 percent increase in export shipments of the L200 pick-up truck from Thailand and an overall 24.6 percent increase in output at Mitsubishi Motors Thailand.

Total exports from Japan of 56,448 units were 45.9 percent up on September 2006, marking the eleventh consecutive month of year-on-year increases and setting a new record mark for September since Mitsubishi Motors spun off its truck and bus operations in 2003. Exports to Europe rose to 27,709 units, a very substantial 171.0 percent increase on the back of buoyant sales in Russia, the Ukraine and central Europe. Exports to Asia fell to 2,641 units, a 14.4 percent decrease over the same period last year. Exports to North America of 4,823 units were 22.4 percent down on September 2006.

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