Mitsubishi Motors Announces Production, Sales and Exports for January 2007

Tokyo, Japan, Feb. 27, 2007; Mitsubishi Motors Corporation today announced global production, as well as domestic sales and export results for January 2007.

Total global production came in at 107,772 units, 101 percent of last year's figure. Japanese production increased 14.1 percent year-on-year to 63,413 units, marking the fourth consecutive month of year-on-year growth. Adding to U.S. Outlander and European Outlander, production of Chinese Outlander started from December 2006. Demand of new Pajero models have increased in Europe. Also production of new Delica D:5 model for Japanese market launched this month. All these factors contributed to increase production volume in Japan.

Total vehicle sales in Japan totaled 15,522 units, a 11.8 percent decline from the January 2006 total. Registered vehicles charted sales of 4,751 units, 64.3 percent of the year-ago figure. Mini-car sales continued year-on-year growth increasing to 10,771 units, 105.5 percent of the total for January 2006. Total sales for passenger cars were 89.5 percent year-on-year to 11,868 units, and commercial vehicle sales were 3,654 units, 84.3 percent of the same period last year.

Overseas production reached 44,359 units, 86.7 percent of the year-ago figure. European production came in at 5,691 units or 101.9 percent of the last year's figure. North American production reached 7,724 units, a 18.7 percent rise year-on-year due to an increase in production of the Galant export model for Russia and Middle East countries. Asian production totaled 27, 296 units, a 24.0 percent decline from January 2006's levels, representing continued weakness in Asian markets such as Malaysia and Taiwan, where the economies are in long-term stagnation.

Total exports from Japan increased to 42,186 units, 142.4 percent of the year-ago level, marking the third consecutive month of year-on-year volume increase. Exports to Europe increased to 14, 466 units, 141.0 percent of the level seen last year due to favorable demand of new Pajero and new Outlander models. Exports to Asia came to 2,030 units, 5.2 percent increase over the last-year period due to good sales of Lancer model in Singapore market. Exports to North America rose to 7,980 units, 274. 1 percent of the January 2006 levels; this is because Outlander export model for North American market at Okazaki plant went into full-scale production.

About Mitsubishi Motors Corporation

Mitsubishi Motors Corporation was established in 1970 and is one of the few automobile companies in the world that produces a full line of automotive products ranging from 660-cc mini cars and passenger cars to commercial vehicles and heavy-duty trucks and buses. The company also operates consumer financing services and provides this to its customer base. For more information, please visit www.mitsubishi-motors.com .

For further information, please visit the Mitsubishi Motors Corporation home page at: www.mitsubishi-motors.co.jp