Mitsubishi planning to introduce eight hybrid and battery-powered models by 2015

Article by Christian A., on January 20, 2011

It appears that Mitsubishi is very serious about developing new hybrid and battery-powered models as the Japanese manufacturer is preparing to introduce eight new models by 2015.

According to our sources, Mitsubishi is planning to make this move due to the fact that the demand for fuel-efficient automobiles grows and the firm wants a rapid expansion.

Currently, Mitsubishi manufactures the i-MiEV EV and began European deliveries on Tuesday. The carmaker also builds the Peugeot iOn and Citreon C-Zero EVs for the French automaker PSA/Peugot-Citreon SA, which are rebadged versions of the i-MiEV.

Back in March 2010, Mitsubishi abandoned talks with PSA over a possible capital tie-up believed to secure a more stable future for the carmakers. Moreover, the decision to introduce eight new models will also boost Mitsubishi’s sales.

The Japanese carmaker wants to increase its annual global sales by 37 percent to 1.37 million vehicles by fiscal 2013 or 2014. Furthermore, Mitsubishi is also planning to increase the proportion of its overseas production to 54 percent of total output by fiscal 2013.

According to its growth plan, Mitsubishi is planning to double its operating profit to 90 billion yen and reach sales of 2.5 trillion yen. This number will triple its net profit to 45 billion ($548 million) yen. [via autonews - sub. required]

If you liked the article, share on:

Comments

Recommended

Polestar is notably known to be Volvo's internal performance specialists, and around last year Polestar revealed to the public that it will utilize electrification to further advance the power of...
by - June 26, 2017
Earlier this month, Porsche introduced to us the 911 Turbo S Exclusive Series. The car wore a Golden Yellow Metallic paint. The same time it was launched, the company said...
by - June 26, 2017
Last month, the Lamborghini Centenario made its way to the Transformers: The Last Knight premiere where it got the attention of many. Following that event, three Lamborghini Centenario coupes landed...
by - June 26, 2017
The Holy Trinity of hypercars may not be accessible anymore after being discontinued, but that doesn’t mean we won’t see any more hypercars in the future. What we know is...
by - June 26, 2017
Kia is taking things a step further with the new Kia Stinger, which they first introduced at the 2017 Detroit Auto Show. With the specs given to us by the...
by - June 25, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries