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Mitsubishi Motors Reports January 2004 Sales

Company Kicks Off Campaign for All-New 2004 Galant

CYPRESS, Calif., Feb. 3 -- Mitsubishi Motors North America, Inc. (MMNA) today reported January 2004 sales of 15,821 units, a 33 percent decrease compared to sales in January 2003.

"Mitsubishi Motors is heading into 2004 with the strongest product line ever and a new 10-year/100,000-mile warranty," said Michael M. Tocci, senior vice president, sales, distribution and fleet, MMNA Sales Division. "The all- new, bigger and faster 2004 Galant, which was only officially launched on January 19, is off to an exceptionally strong start. January Galant sales were up 46 percent from December and consumer curiosity has been peaked further by Galant's outstanding performance in our dramatic, groundbreaking Super Bowl comparison commercial."

The new Galant advertising campaign kicked off Sunday during the Super Bowl and features the results of recent independent testing performed by AMCI on a new 2004 Mitsubishi Galant GTS V6 and a similarly equipped Toyota Camry XLE V6 and Honda Accord EX V6. Consumers were directed to SeeWhatHappens.com to see the end of the ad and the test results. The Galant placed first in five out of nine AMCI evaluations that tested vehicle attributes such as acceleration, braking and handling, and Galant tied for first in two others. In a 24-hour period after the ad aired, traffic to SeeWhatHappens.com roughly equaled an average months' entire traffic to the main Mitsubishicars.com Web site.

Mitsubishi Motors North America, Inc., (MMNA) is responsible for all manufacturing, finance, sales, marketing, research and development operations of the Mitsubishi Motors Corporation in the United States, Canada, Mexico and Puerto Rico. Mitsubishi Motors sells coupes, convertibles, sedans and sport utility vehicles through a network of nearly 700 dealers throughout North America. For more information, contact the Mitsubishi Motors News Bureau at (888) 560-6672 or visit media.mitsubishicars.com .

   Following is the sales breakdown for January 2004:

                           2004              2003             2004
                         JAN    CYTD    JAN     CYTD      JAN    CYTD

  ECLIPSE COUPE        1,334    1,334   2,162   2,162   -38.3%  -38.3%

  ECLIPSE SPYDER        712      712    1,067   1,067   -33.3%  -33.3%

  LANCER               2,864    2,864   3,841   3,841   -25.4%  -25.4%

  LANCER EVOLUTION      360      360     --      --      0.0%    0.0%

  LANCER SPORTBACK       75       75      --      --      0.0%    0.0%

  MIRAGE COUPE           --       --      33      33    -100.0% -100.0%

  MIRAGE SEDAN           --       --      --      --      0.0%    0.0%

  GALANT               3,767    3,767   8,082   8,082   -53.4%  -53.4%

  DIAMANTE              665      665    1,034   1,034   -35.7%  -35.7%

  TOTAL CAR            9,777    9,777  16,219  16,219   -39.7%  -39.7%

  OUTLANDER            1,673    1,673   3,629   3,629   -53.9%  -53.9%

  MONTERO SPORT        1,190    1,190   2,728   2,728   -56.4%  -56.4%

  ENDEAVOR             2,436    2,436    --      --      0.0%    0.0%

  MONTERO               745      745    1,151   1,151   -35.3%  -35.3%

  TOTAL SUV            6,044    6,044   7,508   7,508   -19.5%  -19.5%

  TOTAL                15,821   15,821  23,727  23,727   -33.3%  -33.3%

  US Assembled
   Cars (1):           5,813    5,813  11,311  11,311   -48.6%  -48.6%
  Imported
   Cars (2):           3,964    3,964   4,908   4,908   -19.2%  -19.2%
  US Assembled
   Truck/SUV (3):      2,436    2,436    --      --      0.0%    0.0%
  Imported
   Truck/SUVs (4):     3,608    3,608   7,508   7,508   -51.9%  -51.9%
  US Assembled
   Vehicles:           8,249    8,249  11,311  11,311   -27.1%  -27.1%
  Imported Vehicles:   7,572    7,572  12,416  12,416   -39.0%  -39.0%

   (1)  Galant, Eclipse, Eclipse Spyder
   (2)  Lancer, Lancer Sportback, Lancer Evolution, Diamante, Mirage Coupe,
        Mirage Sedan
   (3)  Endeavor
   (4)  Montero, Montero Sport, Outlander

   Selling Days       MTD      YTD
   January 2004       26       26
   January 2003       25       25

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