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

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 fifth largest automaker in Japan and the fifteenth largest in the world by global unit sales. 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.

Throughout its history it has courted alliances with foreign partners, a strategy pioneered by their first president Tomio Kubo to encourage expansion, and continued by his successors. A significant stake was sold to Chrysler Corporation in 1971 which it held for 22 years, while DaimlerChrysler was a controlling shareholder between 2000 and 2005. Long term joint manufacturing and technology licencing deals with the Hyundai Motor Company in South Korea and Proton in Malaysia were also forged, while in Europe the company co-owned the largest automobile manufacturing plant in the Netherlands with Volvo for ten years in the 1990s, before taking sole ownership in 2001.

Contact:
Mitsubishi Motors
Public Relations Department
http://www.mitsubishi-motors.com 
+81-3-6852-4275




Source: Mitsubishi Motors

Topic: Press release summary
Sectors: Automotive
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2017 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

Mitsubishi Motors Releated News
Mar 24, 2017 15:26 HKT/SGT
三菱自、人事異動を発表
Mar 14, 2017 16:10 HKT/SGT
三菱自、役員体制を変更
Mar 10, 2017 16:00 HKT/SGT
三菱自、人事異動を発表
Feb 28, 2017 17:39 HKT/SGT
Mitsubishi Motors Signs MOU with Philippines DENR on Joint Study into Environmental Load Reduction Using Electric-Powered Technology
Feb 28, 2017 15:40 HKT/SGT
三菱自、フィリピン環境資源省と電動化技術を活用した環境負荷低減についての共同研究に関する覚書を締結
Feb 27, 2017 18:15 HKT/SGT
Mitsubishi Motors Holds Mirage G4 Production Launch Ceremony at Malacanang Palace, Manila, Philippines
Feb 27, 2017 16:40 HKT/SGT
三菱自、人事異動を発表
Feb 27, 2017 16:30 HKT/SGT
三菱自、フィリピンのマラカニアン宮殿で「ミラージュG4」生産開始式典を開催
Feb 27, 2017 15:40 HKT/SGT
三菱自、2017年1月度 生産・販売・輸出実績を発表
Feb 17, 2017 14:10 HKT/SGT
三菱自、フィリピンで「ミラージュG4」の生産を開始
More news >>
 News Alerts »
Copyright © 2017 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 5791 1818

Connect With us: