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Tokyo, Dec 22, 2009 - (ACN Newswire) - Mitsubishi Motors Corporation today announced global production, as well as domestic sales and export figures for November 2009.
Production: global total and Japan
Total global production for November came in at 93,408 units, 0.5 percent up over the same month last year and the first increase in 16 months, since July 2008. Production volume in Japan at 51,339 units was 10.0 percent down, the thirteenth consecutive monthly decline and due mainly to a major drop in shipments to Europe over the same month last year. Passenger car output at 46,480 units was down 8.4 percent and commercial vehicle output at 4,859 units was down 22.8 percent.
Sales in Japan
Vehicle sales in Japan in November totaled 13,245 units, 1.5 percent up on the same month last year and the second year-on-year increase in three months. Sales of passenger cars at 9,361 units were 0.8 percent down while sales of commercial vehicles at 3,884 units were 7.7 percent up year on year. Registered vehicle sales volume at 4,631 units was 21.8 percent up on the same month last year, bolstered primarily by 113.9 percent and 44.7 percent increases respectively in year-on-year sales of Colt and Colt Plus models on back of tax reductions on eco cars and promotional measures. Sales of Outlander and Delica D5 models were also up year on year. Minicar sales volume at 8,614 units was 6.8 percent down despite 13.1 percent and 14.0 percent rises respectively in sales of eK Wagon and "i" models.
Production overseas
Overseas production volume totaled 42,069 units, 17.2 percent up over November last year and the second year-on-year increase in three months. By region, output in Asia at 34,229 units was 42.7 percent up helped by 324.3 percent and 168.0 percent increases respectively at China Motor Corp. in Taiwan and South East (Fujian) Motor in China on the back of strong sales growth. In North America output at 2,345 units was 28.5 percent down over November last year. In Europe, output at 2,703 units was 52.2 percent down.
Export shipments from Japan
Total exports from Japan of 30,636 units were 23.3 percent down on November 2008 and marked the thirteenth consecutive year-on-year monthly decrease. Exports to Asia at 2,842 units were flat up on the back of stronger sales in China and Malaysia. Export shipments to North America at 6,875 units rose by 50.7 percent over the same month last year helped by strong sales of the new 2010 model year Outlander in both the U.S. and Canada. Exports to Europe at 5,450 units were 60.9 percent down, again due mainly to very slow sales in Russia.
About Mitsubishi Motors
Mitsubishi Motors Corporation is the fifth largest automaker in Japan and the fifteenth largest in the world by global unit sales. It is part of the Mitsubishi keiretsu, formerly the biggest industrial group in Japan, and was formed in 1970 from the automotive division of Mitsubishi Heavy Industries.
Throughout its history it has courted alliances with foreign partners, a strategy pioneered by their first president Tomio Kubo to encourage expansion, and continued by his successors. A significant stake was sold to Chrysler Corporation in 1971 which it held for 22 years, while DaimlerChrysler was a controlling shareholder between 2000 and 2005. Long term joint manufacturing and technology licencing deals with the Hyundai Motor Company in South Korea and Proton in Malaysia were also forged, while in Europe the company co-owned the largest automobile manufacturing plant in the Netherlands with Volvo for ten years in the 1990s, before taking sole ownership in 2001.
Contact:
Mitsubishi Motors
Public Relations Department
http://www.mitsubishi-motors.com
+81-3-6852-4275
Dec 22, 2009
Source: Mitsubishi Motors
Topic: Press release summary
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2010 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
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