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Thursday, 27 April 2017, 19:35 HKT/SGT
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Source: Mitsubishi Motors
Mitsubishi Motors Announces Production, Sales and Export Figures for March 2017 and for the 2016 Fiscal Year

TOKYO, Apr 27, 2017 - (JCN Newswire) - Summary: March 2017

Domestic Production
March 2017
- Eleventh consecutive monthly year-on-year decrease since April, 2016 (87.8% year-on-year)

Overseas Production
March 2017
- Fourth consecutive monthly year-on-year increase since November, 2016 (112.3% year-on-year)

Total Production
March 2017
- Second consecutive monthly year-on-year decrease since January, 2017 (98.1% year-on-year)

Domestic Sales
March 2017
- Third consecutive monthly year-on-year decrease since December, 2016 (94.2% year-on-year)

Exports
March 2017
- Eleventh consecutive monthly year-on-year decrease since April, 2016 (85.1% year-on-year)

Supplemental Information

Overseas Production
- Asia (56,647 units: 111.3% year-on-year)

Exports
- Asia (1,252 units: 31.0% year-on-year)
- North America (6,984 units: 101.0% year-on-year)
- Europe (10,859 units: 76.4% year-on-year)

Summary: Fiscal Year 2016 (April 2016 - March 2017)

Domestic Production
Fiscal Year 2016
- First year-on-year decrease in four years since 2012 fiscal year (81.4% year-on-year)

Overseas Production
Fiscal Year 2016
- Third consecutive year-on-year decrease since 2013 fiscal year (98.7% year-on-year)

Total Production
Fiscal Year 2016
- First consecutive year-on-year decrease since 2015 fiscal year (89.4% year-on-year)

Domestic Sales
Fiscal Year 2016
- Second consecutive year-on-year decrease since 2014 fiscal year (78.3% year-on-year)

Exports
Fiscal Year 2016
- Second consecutive year-on-year decrease since 2014 fiscal year (87.8% year-on-year)

Supplemental Information

Overseas Production
- Asia (532,875 units: 108.8% year-on-year)

Exports
- Asia (17,057 units: 55.5% year-on-year)
- North America (100,339 units: 144.7% year-on-year)
Europe (123,581 units: 83.9% year-on-year)


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


Apr 27, 2017 19:35 HKT/SGT
Source: Mitsubishi Motors

Topic: Press release summary
Sectors: Automotive
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