English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 17 February 2017, 16:12 HKT/SGT

Source: Mitsubishi Motors
Mitsubishi Motors Starts Production of Mirage G4 in the Philippines
- First vehicle to go into production under CARS Program -

TOKYO, Feb 17, 2017 - (JCN Newswire) - Mitsubishi Motors Corporation (MMC) announces that production of the Mirage G4 (Philippine market name; Attrage in some other markets) has started at the vehicle assembly plant of Mitsubishi Motors Philippines Corporation (MMPC)(1). Mirage G4 is the first model to go into production under the Philippine government's Comprehensive Automotive Resurgence Strategy (CARS) Program.

MMPC's plant in Santa Rosa, Laguna Province has an annual capacity of 50,000 vehicles. In May this year, the Mirage model will follow the Mirage G4 (Attrage) into production.

MMPC started production in 1964. In 2009, and then in May 2016, it became the first auto company in the Philippines to reach a cumulative production volume of 500,000 and 600,000 vehicles respectively. MMC posted 59,480 units (market share of 15.3%) of sales for the calendar year 2016, a 12.9% increase from the previous year, recording the highest sales volume in ten consecutive years.

MMPC Outline
Established:                Feb. 1963 
Headquarters / Plant:       Santa Rosa, Laguna Province (45km southeast of Manila)
Capital:                    1.64 billion PHP 
Scope of operations:        Production and sales of MMC vehicles 
Representative:             Yoshiaki Kato, President and CEO
Stockholders:               MMC 51%, Sojitz Corporation 49% 
Annual production capacity: 50,000 units 
Site area:                  21.4 hectares 
Number of employees:        Approx. 1,400 employees (as of December 2016) 
(1) The sole manufacturer and distributor of MMC in the Philippines

About Mitsubishi Motors

Mitsubishi Motors Corporation is the sixth largest automaker in Japan and the sixteenth largest in the world. 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. From October 2016, Mitsubishi is one-third owned by Nissan, and a part of the Renault - Nissan - Mitsubishi Alliance. For more information, please visit www.mitsubishi-motors.com/en/index.html.

Mitsubishi Motors
Public Relations Department

Source: Mitsubishi Motors

Topic: Press release summary
Sectors: Automotive
From the Asia Corporate News Network

Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

Mitsubishi Motors Links




Mitsubishi Motors Releated News
Mar 21, 2018 10:14 HKT/SGT
Mitsubishi Motors Delivers Fleet of EV and PHEV Vehicles to Costa Rican Government
Mar 21, 2018 10:00 HKT/SGT
Mar 15, 2018 14:58 HKT/SGT
Mitsubishi Motors: Alliance Leadership Appointment to Accelerate Synergies
Mar 15, 2018 09:00 HKT/SGT
Mar 2, 2018 16:03 HKT/SGT
MITSUBISHI CONNECT Android Auto Compatible Apps Demonstration at 2018 Geneva Motor Show
More news >>
Copyright © 2018 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: