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

Porsche introduces the technologically advanced wheels with braided carbon fiber. These will be initially available on the 911 Turbo S Exclusive Series. Being the first car manufacturer to offer such...
by - August 23, 2017
All eyes were turned to the fuchsia pink bespoke McLaren 720S MSO at the 2017 Pebble Beach Concours d’Elegance Sunday. Surely, we can understand why. The one-off supercar, which was...
by - August 23, 2017
Hyundai Motor Group – including both Hyundai Motor and Kia Motors – has disclosed a wide-ranging plan to introduce 31 environment-friendly models in a new development roadmap that aims to...
by - August 22, 2017
Over a decade ago, Pagani took the Zonda to the Geneva Motor Show. The Zonda hypercar was then set to retire in 2013 together with the track-focused Revolucion. But here...
by - August 22, 2017
The newest Porsche Cayenne is scheduled be unwrapped by the end of the month after completing endurance tests worth 2.7 million miles. Since we are just a few weeks away...
by - August 22, 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