Mitsubishi Motors Automobile Parts 6G7 Fact0209
User Manual: Mitsubishi Motors Automobile Parts 6G7
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FACTS & FIGURES 2002 Mitsubishi Motors Corporation produces FACTS & FIGURES annually to assist those in the press and media covering, and those engaged in research into and analysis of, the automobile industry. In response to suggestions and requests over the past year, FACTS & FIGURES 2002 has been revamped to provide additional numerical data and to make data easier to find. With the emphasis on providing relevant numerical information, FACTS & FIGURES 2002 presents data classified by region and by model separately for MMC Car and for Truck & Bus operations over the last five years. MMC hopes that FACTS & FIGURES 2002 will be of assistance and value. Any suggestions as to how it may be improved will be welcomed. October 2002 Public Relations Dept. MMC is on the World Wide Web at the following URL http://www.mitsubishi-motors.co.jp/ Contents MMC at a glance ——————————— 2 Corporate profile, major shareholders, principal management indices, global production and sales figures Car operations ———————————— 4 Net sales, production and sales volume by region -------------- 4 Production models by region -------------------------------------- 6 Activities by region ------------------------------------------------- 8 Japan ------------------------------------------------------------- 8 North America --------------------------------------------------- 12 Europe ------------------------------------------------------------ 14 Asia --------------------------------------------------------------- 16 Other -------------------------------------------------------------- 22 Products over the years ------------------------------------------- 24 (See page 48 for derivation of model names) Truck & bus operations ———————— 26 Net sales, production and sales volume (exports) by region --- 26 Production models by region -------------------------------------- 26 Activities by region ------------------------------------------------- 28 Japan ------------------------------------------------------------- 28 North America --------------------------------------------------- 29 Europe ------------------------------------------------------------ 29 Asia --------------------------------------------------------------- 30 Other regions ---------------------------------------------------- 30 Products over the years ------------------------------------------- 32 (See page 48 for derivation of model names) Environmental stewardship ——————— 34 Motorsport —————————————— 36 Major alliances and contracts —————— 38 Subsidiaries and affiliates ———————— 42 Milestones —————————————— 46 Executive officer career summaries ————— Provided separately 1 MMC at a glance MMC at a glance Corporate profile (As at 31 March 2002) Name: Established: Head office: Number of employees: Capitalization: Mitsubishi Motors Corporation 22 April 1970 33-8 Shiba 5-chome, Minato-ku, Tokyo Japan 108-8410 Consolidated, 63,143; Non-consolidated, 18,498 JPY 252,201,223,926 Purposes of incorporation: 1. Development, design, manufacture, assembly, sales and purchase, importing and other transactions relating to automobiles and to component parts and replacement parts of said automobiles. 2. Development, design, manufacture, assembly, sales and purchase, importing and other transactions relating to agricultural machinery and industrial engines and to component parts and replacement parts of said agricultural machinery and industrial engines. 3. Sales and purchase of used automobiles as well as component parts, replacement parts and accessories of said used automobiles. 4. Sales of measuring equipment. 5. Acting as insurance agents in accordance with laws relating to property damage insurance and to automobile damage indemnity insurance. 6. Financing business. 7. Any other business related to the purposes set out above. Note: MMC is not currently engaged in agricultural machinery related business. Major shareholders (As at 31 March 2002) Holding as percentage of all issued stock Shareholder Address DaimlerChrysler AG Mitsubishi Heavy Industries, Ltd. Mitsubishi Corporation Capital Guardian Trust Company Epplestrasse 225, 70546 Stuttgart, Germany 5-1Marunouchi 2-chome, Chiyoda-ku, Tokyo 6-31Marunouchi 2-chome, Chiyoda-ku, Tokyo 15F 11100 Santa Monica Avenue, Los Angeles, California 90025 U.S.A. 499,856 219,871 77,354 67,920 34.00* 14.96 5.26 4.62 DaimlerChrysler MMC Beteiligungsgesellschaft mbH Epplestrasse 225, D-70567, Stuttgart, Germany 48,516 3.30* The Bank of Tokyo-Mitsubishi, Ltd. 7-1Marunouchi 2-chome, Chiyoda-ku, Tokyo The Mitsubishi Trust & 11-1Nagatacho 2-chome, Chiyoda-ku, Tokyo Banking Corporation 43,026 37,713 2.93 2.57 NIHON Trustee Service Trust & Banking Corporation Trust Account 8-1 Harumi 1-chome, Chuo-ku, Tokyo 19,245 1.31 Meiji Life Insurance Company The Chase Manhattan Bank N.A. London S.L. Omnibus Account 1-1Marunouchi 2-chome, Chiyoda-ku, Tokyo Woolgate House, Coleman Street, London EC2- 2HD, UK 18,995 18,329 1.29 1.25 1,050,825 71.48 Total *DaimlerChrysler Group has a total holding of 37.3% 2 Shares held (쎹 1,000) MMC at a glance Principal management indices Consolidated operations (Units: JPY million; companies; people) 1999 2000 2001 3,334,974 3,276,716 3,200,699 22,473 (73,865) 40,227 (3,758) (94,057) 11,863 (23,331) (278,139) 11,256 2,784,119 2,981,668 2,894,560 189 184 182 38 34 32 65,485 62,887 63,143 1997 3,735,228 3,197 (54,520) (101,846) 3,370,526 163 54 — 1998 3,512,606 55,944 (4,176) 5,668 3,060,385 165 54 — 1997 2,500,614 (15,512) (22,157) (25,656) 1,724,254 27,324 1998 2,333,971 21,750 5,231 22,138 1,637,233 26,749 1999 2,106,552 13,435 6,336 515 1,599,373 22,666 2000 2,012,690 (85,266) (82,350) (356,897) 1,797,265 21,076 Passenger cars Trucks & buses Total Passenger cars Trucks & buses Total Passenger cars Trucks & buses Total Passenger cars Domestic Import Trucks & buses Total Passenger cars Trucks & buses Total Passenger cars Trucks & buses Total 1997 1,023,050 152,232 1,175,282 743,340 52,501 795,841 1,766,390 204,733 1,971,123 527,506 6,540 95,766 629,812 1,080,597 — — 1,614,643 — — 1998 982,449 110,163 1,092,612 561,050 21,691 582,741 1,543,499 131,854 1,675,353 525,536 3,120 74,986 603,642 971,628 — — 1,500,284 — — 1999 903,865 97,877 1,001,742 684,221 26,818 711,039 1,588,086 124,695 1,712,781 509,115 977 67,320 577,412 1,044,519 — — 1,554,611 — — 2000 857,102 102,912 960,014 781,343 43,549 824,892 1,638,445 146,461 1,784,906 449,372 589 69,625 519,586 1,165,680 — — 1,615,641 — — Passenger cars Trucks & buses Total 1997 774,091 401,191 1,175,282 1998 785,494 307,118 1,092,612 1999 743,244 258,498 1,001,742 2000 695,916 264,098 960,014 Net sales Operating profit Ordinary profit Net income Total assets Number of consolidated companies Number of equity method subsidiaries Number of employees (Units: JPY million; companies; people) Non-consolidated operations Net sales Operating profit Ordinary profit Net income Total assets Number of employees 2001 1,848,684 16,701 4,725 (70,509) 1,599,566 18,498 Global production and sales volumes (Unit: vehicles) MMC in-house classification Production Japan volume Other regions Global Sales volume Japan Other regions Global JAMA classification Production Japan volume Other regions Sales volume Global Japan Total Total Passenger cars Trucks & buses Total 2001 729,167 85,448 814,615 798,820 46,184 845,004 1,527,987 131,632 1,659,619 403,994 0 63,997 467,971 1,152,695 77,685 1,230,380 1,556,689 141,682 1,698,371 (Unit: vehicles) 2001 624,404 190,211 814,615 795,841 582,741 711,039 824,892 845,004 1,971,123 329,814 299,998 629,812 1,675,353 334,170 269,472 603,642 1,712,781 316,659 260,753 577,412 1,784,906 287,367 232,219 519,586 1,659,619 282,729 185,242 467,971 Other regions Total — — — — 1,230,380 Global Total — — — — 1,698,351 Note (1): While figures given are for the fiscal year as it applies to a particular country — April to March in Japan; January to December in U.S.A. — there are exceptions to this rule. Note (2): While sales volumes normally reflect retail sales, wholesale sales or shipments are used for certain countries. Note (3): The JAMA classification includes imports in sales volume 3 Car operations Car operations Net sales, production and sales volume by region Japan 24.7% Net sales 47.7% Production volume 26.0% Sales volume North America 34.5% Net sales 12.7% Production volume 20.7% Sales volume Europe 20.8% Net sales 5.2% Production volume 13.7% Sales volume Net sales, production and sales volume by region 1997 Japan Net sales Production volume Sales volume North America Net sales Production volume Sales volume Europe Net sales Production volume Sales volume Asia & other regions Net sales Asia Production volume Sales volume Near & Middle Production volume East, Africa Sales volume Central & Production volume South America Sales volume Oceania Production volume Sales volume Total Net sales Production volume Sales volume (Units: Net sales = JPY million; Volumes = vehicles) 1998 1999 — 1,023,050 527,506 — 189,081 189,163 — 82,544 251,220 — 412,628 409,396 0 70,174 0 73,591 59,087 93,593 — 982,449 525,536 — 157,043 190,515 — 90,678 277,206 — 265,195 243,654 0 83,506 1,560 89,944 46,574 89,923 — 903,865 509,115 — 159,853 261,254 — 121,849 282,794 — 364,529 302,718 0 53,666 3,420 69,217 34,570 75,847 2000 719,358 857,102 449,372 887,396 222,390 314,417 375,277 78,542 258,256 576,182 435,125 394,979 0 50,531 6,720 70,380 38,566 77,706 2001 621,793 729,167 403,994 869,305 193,744 322,393 524,991 79,261 212,983 503,917 473,194 441,892 0 51,329 8,820 52,435 43,801 71,663 — 1,766,390 1,614,643 — 1,543,499 1,500,284 — 1,588,086 1,554,611 2,558,213 1,638,445 1,615,641 2,520,006 1,527,987 1,556,689 Note: Production volume indicates number of vehicles produced locally using parts shipped by MMC from Japan for assembly overseas (knock down kit production excluded) 4 Car operations Asia & other regions 20.0% Net sales 31.0% Asia Production volume Near & Middle East, Africa 0.0% Production volume 0.6% Central & South America Production volume 2.9% Oceania Net sales Production volume 28.4% Sales volume 3.3% Sales volume 3.4% Sales volume 4.6% Sales volume (Unit: JPY million) 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 2000 Production volume 2001 (Unit: vehicles) 2,000,000 1,500,000 1,000,000 500,000 1997 1998 1999 2000 Sales volume 2001 (Unit: vehicles) 2,000,000 1,500,000 1,000,000 500,000 1997 1998 1999 2000 2001 5 Car operations Car operations Production models by region Production models by region Region & country Facility / Assembler North America U.S.A. Europe Netherlands Asia Italy Taiwan China India Malaysia Thailand Philippines Indonesia Central & Brazil South America Africa South Africa Oceania Australia Drive 1 2 3 4 5 6 7 8 9 10 Mizushima Plant 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 PMC 27 28 MMMA 29 30 31 NedCar 32 33 IPF 34 CMC 35 36 37 38 39 40 41 42 43 44 SEMC 45 LMC 46 47 HHMC 48 HML 49 M&M 50 Proton 51 52 53 54 55 USF 56 MSC 57 58 MMPC 59 60 61 62 MKM 63 64 65 66 KRM 67 Diamante Galant Aspire Legnum Chariot Grandis RVR RVR Sports Gear Pajero iO Verdana (export only) L200 Strada (export only) Libero Cargo (Libero included) Delica Space Gear Mirage Dingo Dion Lancer Cedia Lancer Cedia Wagon Airtrek Minica Toppo BJ Pajero Mini eK Wagon Minicab TownBox L300 Delica (export only) Lancer / Mirage (export only) Pajero Challenger (export only) Jeep Galant Eclipse / Eclipse Spyder Sebring / Dodge Stratus Carisma Space Star Pajero Pinin Freeca Galant Varica Berica Lancer Delica Space Gear Delica Truck L300 Delica Chariot Grandis Freeca L300 Delica Delica Space Gear Mirage Dingo Lancer L300 Delica Saga Iswara Satria / Putra Wira Waja Juara L200 Strada L200 Strada Lancer Lancer Adventure L300 Delica L200 Strada Galant Kuda Lancer Colt T120SS Colt T120SS Colt L300 MMCB 68 L200 Strada DCSA MMAL 69 70 L200 Strada Magna / Verda Nagoya Plant Japan 6 Model Engine Gasoline 6G7 Transmission FF FR FF FR 4WD 4WD 2WD 2WD AT II MT CVT 3.5 6A1 3.0 2.5 ● ● II II II ● II II II II II II III II II III II III II ● II III III 2.5 2.0 Car operations Key indicates model / engine available In Transmissions column, II or III indicates INVECS II or III ● indicates GDI engine Note: Berica (38) and L300 Delica (49) use non-MMC engines MMC and consolidated subsidiaries Mitsubishi badged vehicle 4G6 2.4 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 4G9 2.0 ● 2.0 4G1 1.8 1.6 1.6 1.5 1.35 1.3 4G8 3G8 0.8 0.66 Diesel 4M4 4A3 1.1 0.66 3.2 2.8 4D5 4D6 2.5 2.0 Formal corporate name of facility/ assembler PMC ● ● ● ● ● (As at 31 March 2002) Pajero Manufacturing Co., Ltd. MMMA Mitsubishi Motor Manufacturing of America, Inc. ● ● ● ● NedCar Netherlands Car B.V. IPF Industrie Pininfarina S.p.A. ● ● ● ● ● ● ● ● CMC China Motor Corp. SEMC South East (Fujian) Motor Corporation Ltd. LMC Dongfeng Liuzhou Motor Co., Ltd. HHMC Harbin Hafei Motor Co., Ltd. HML Hindustan Motors Limited M&M Mahindra & Mahindra Ltd. ● PROTON Perusahaan Otomobil Nasional Bhd. USF United Straits Fuso SDN. BHD MSC MMC Sittipol Co., Ltd. MMPC Mitsubishi Motors Philippines Corp. MKM P.T. Mitsubishi Krama Yudha Kesuma Motors KRM P.T.Krama Yudha Ratu Motors MMCB MMC Automotores do Brasil S.A. DCSA DaimlerChrysler South Africa MMAL Mitsubishi Motors Australia, Ltd. 68 69 70 7 Car operations Car operations Japan Net sales, production and sales volumes in Japanese market as percentages of MMC global totals 24.7% Net sales 47.7% Production volume MMC sales volume share of Japanese market (Unit: vehicles) MMC 403,994 Total market volume 5,331,174 26.0% 7.6% Sales volume Production volume by model Plant / Company Nagoya Plant Mizushima Plant PMC Total Model 1 Diamante 2 Galant 3 Aspire 4 Legnum 5 Chariot Grandis 6 RVR / RVR Sports Gear 7 Pajero iO 8 Perdana (export only) 1997 13,088 77,314 0 62,543 59,448 22,861 0 5,340 1998 4,246 38,746 1,706 26,302 88,251 13,976 54,262 870 1999 8,279 28,076 1,302 16,809 63,010 20,333 51,516 5,880 2000 4,406 18,514 55 8,276 26,734 4,028 24,783 15,630 9 10 11 12 13 14 Dignity Proudia (Debonair) L200 Strada (export only) GTO Libero Delica [Space Gear and L300 (export only)] 0 797 43,432 5,496 24,814 0 463 24,879 2,207 18,934 15 613 11,759 2,355 19,796 42 759 16,143 114 12,898 2 85 1,051 0 8,041 69,495 56,904 31,646 28,242 12,965 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Mirage / Mirage Dingo Dion Lancer Cedia / Lancer Cedia Wagon Airtrek Minica / Toppo BJ Pajero Mini eK Wagon Minicab TownBox Pajero Junior FTO TownBox Wide Toppo BJ Wide Pajero Challenger (export only) Jeep 93,848 0 100,868 0 115,483 43,302 0 79,325 0 13,934 1,960 0 0 136,941 51,594 1,167 1,023,050 95,661 0 120,758 0 138,661 48,791 0 71,839 2,261 149 1,033 0 3,596 95,675 71,562 717 982,449 77,800 15,282 86,319 0 149,903 36,580 0 70,367 14,421 0 616 3,616 721 90,524 95,914 413 903,865 57,937 30,977 120,875 0 156,580 24,895 0 62,770 8,953 0 160 1,441 478 138,315 92,475 622 857,102 45,703 9,699 142,683 21,245 82,551 16,590 97,390 56,245 6,662 0 0 2,939 34 91,700 78,337 820 729,167 Note: Figures in table are totals of built up and knock down production at MMC and its consolidated subsidiaries MMC and consolidated subsidiaries Mitsubishi badged vehicle 8 (Unit: vehicles) 2001 2,745 11,494 0 3,814 15,907 1,416 13,799 5,250 Sales organization (As at 31 March 2002) Car Research & Development Center Okazaki Sales companies Kyoto Galant dealerships Styling design Tokachi Proving Ground Tama Design Center Production facilities Vehicle production Engine production Transmission production (As at 31 March 2002) Consolidated subsidiaries Equity method subsidiaries Independent dealerships 116 dealerships New car sales outlets (As at 1 April 2002) 28 9 79 710 (As at 31 March 2002) Car Plaza dealerships Nagoya Plant Mizushima Plant Pajero Manufacturing Co. Ltd. Kyoto Plant Mizushima Plant (minicar engines) Kyoto Plant (manual transmissions) Mizushima Plant (manual transmissions) Car operations R&D facilities Consolidated subsidiaries Equity method subsidiaries Independent dealerships 113 dealerships New car sales outlets 25 2 86 348 Note: Automatic and continuously variable transmissions are purchased from Diamondmatic Co., Ltd., a wholly-owned subsidiary of Jatco Co., Ltd. in which MMC has an 18% equity share. Sales volume by model Production facility / Assembler Nagoya Plant Mizushima Plant Model 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Diamante Galant Aspire Legnum Chariot Grandis RVR / RVR Sports Gear Pajero iO Dignity Proudia (Debonaire) L200 Strada (export only) GTO Libero cargo (Libero included) Delica Space Gear Mirage Dingo Dion Mirage / Lancer / Cedia Lancer Cedia Wagon Airtrek Minica Toppo BJ Pajero Mini eK Wagon 23 Minicab 24 TownBox 25 L300 Delica (Star Wagon) 26 Pajero Junior 27 FTO 28 TownBox Wide 29 Toppo BJ Wide PMC 30 Pajero 31 Challenger (export only) 32 Jeep OEM supplied by Mazda 33 Delica Domestically produced model total Imports Total Total Japanese market volume (Unit: vehicles) 1997 1998 1999 2000 2001 13,981 29,869 0 49,516 42,580 16,810 0 0 799 11 574 16,414 19,938 0 0 47,141 0 0 110,153 – 44,224 0 6,456 14,930 1,600 20,530 62,997 14,880 48,117 0 474 0 467 12,054 12,023 11,871 0 34,196 0 0 133,192 9,263 47,592 0 7,061 10,319 1,367 10,791 39,451 10,956 40,278 11 521 0 267 11,725 8,057 23,381 13,360 25,001 0 0 142,372 11,444 35,673 0 5,474 6,648 840 5,524 22,821 6,165 25,095 45 852 0 117 9,189 5,886 16,696 30,225 29,061 16,695 0 141,843 8,654 27,011 0 3,022 3,213 516 1,550 10,472 1,599 10,980 3 97 0 2 7,003 4,707 15,143 10,601 19,403 25,512 19,160 86,639 4,657 17,458 86,465 76,625 0 9,394 13,320 2,142 0 0 26,181 7,423 411 0 527,506 6,540 534,046 70,981 679 6,329 1,717 1,085 0 1,653 9,412 2,592 446 0 525,536 3,120 528,656 70,622 14,948 1,973 19 578 3,386 2,496 20,189 910 1 1,958 509,115 977 510,092 62,797 8,772 21 1 149 809 631 12,701 369 0 4,281 449,372 589 449,961 57,880 7,357 2 0 3 79 50 6,725 76 1 3,619 403,994 0 403,994 5,637,793 5,351,964 5,386,500 5,465,238 5,331,174 MMC and consolidated subsidiaries Mitsubishi badged vehicle 9 Car operations Export shipments Export shipments by region Region North America Europe Asia Near & Middle East, Africa 1997 74,702 172,331 61,430 69,359 1998 83,443 161,552 30,091 65,731 1999 119,519 112,821 29,592 37,099 2000 147,333 99,687 48,586 36,618 Central & South America Oceania Other (United Nations, etc.) Total 78,456 43,710 3,867 503,855 80,501 43,454 2,834 467,606 48,854 35,617 3,502 387,004 46,078 45,424 2,959 426,685 1997 1998 2000 2 46,194 12,880 16,565 6,740 0 5,400 0 0 9,837 43,821 4,909 0 0 0 0 0 161 64 358 0 0 0 35,534 165,817 99 73 0 111,144 44,256 1 503,855 6 25,579 7,765 24,166 1,081 2,899 780 0 0 11,661 25,867 1,759 2 0 0 0 0 49 47 32 0 0 0 29,110 176,134 3 49 0 90,416 70,201 0 467,606 1999 15 17,272 6,217 18,443 7,070 8,177 5,670 2 0 8,648 11,661 2,165 400 0 0 0 0 19 15 3 0 0 2 13,353 127,136 0 42 1 65,212 95,481 0 387,004 Export shipments by model Plant / Assembler Model Nagoya Plant 1 Diamante 2 Galant 3 Legnum 4 Chariot Grandis 5 RVR 6 Pajero iO 7 Verdana 8 Proudia (Debonaire) 9 Libero 10 Delica Space Gear 11 L200 Strada 12 GTO Mizushima Plant 13 Mirage Dingo 14 Dion 15 Lancer Cedia 16 Lancer Cedia Wagon 17 Airtrek 18 Minica 19 Toppo BJ 20 Pajero Mini 21 eK Wagon 22 Minicab 23 TownBox 24 L300 Delica 25 Lancer / Mirage 26 Pajero Junior 27 FTO 28 TownBox Wide PMC 29 Pajero 30 Challenger 31 Jeep Total Note: Export shipments are the total of built up vehicles and knock-down kits MMC and consolidated subsidiaries Mitsubishi badged vehicle 10 2 12,051 4,135 10,092 168 4,347 15,450 0 16 6,943 15,895 0 1 778 5,897 0 0 0 0 2 0 50 0 16,072 112,970 0 25 664 129,198 91,929 0 426,685 (Unit: vehicles) 2001 146,869 52,363 30,578 31,059 34,627 35,506 2,851 333,853 (Unit: vehicles) 2001 0 8,061 2,682 7,018 365 3,525 5,640 1 160 763 1,776 0 0 193 81,515 103 601 0 0 0 0 0 420 7,654 47,655 0 0 2,640 85,324 77,757 0 333,853 Car operations Principal operational facilities in Japan Car Research & Development Center-Tokachi Proving Ground Otofuke-cho, Hokkaido Road testing, evaluation Kyoto Plant Engine and transmission production •Kyoto Plant-Kyoto Kyoto •Kyoto Plant-Shiga Shiga Prefecture Pajero Manufacturing Co., Ltd. Gifu Prefecture Vehicle production Car Research & Development Center-Kyoto Kyoto Powerplant R&D MMC Head Office Tokyo Mizushima Plant Car Research & Development Center-Okazaki Okayama Prefecture Aichi Prefecture Vehicle assembly, minicar engine and transmission production Basic research, product development Nagoya Plant Vehicle production •Nagoya Plant-Okazaki Aichi Prefecture •Nagoya Plant-Oye Aichi Prefecture 11 Car operations Car operations North America Net sales, production and sales volumes in North American market as percentages of MMC global totals 34.5% Net sales 12.7% Production volume MMC sales volume share of North American market (Unit: vehicles) MMC 322,393 Total market volume 17,120,787 20.7% 1.9% Sales volume Highlights 1999-2001: MMC rewrites sales volume record three years in a row 2001: MMC sets all-time sales volume record 2002: MMC enters Canadian market; Due to enter Mexican market in 2003 2003: MMC to establish new company that will coordinate sales, production, financing and R&D activities in North America Production volume by model Plant / Company MMMA (Unit: vehicle) Model 1 2 3 1997 1998 1999 2000 2001 40,848 76,958 71,275 45,915 50,966 60,162 64,786 54,340 40,727 104,313 77,795 40,282 94,820 70,565 28,359 189,081 157,043 159,853 222,390 193,744 Galant Eclipse Sebring / Stratus Total Mitsubishi badged vehicle R&D facilities (As at 31 March 2002) Mitsubishi Motors R&D of America, Inc. (MRDA) Location: Ann Arbor, Michigan Capitalization: USD 2.0m Activities: Market research, product development, design, testing, certification MMC voting rights: 100.00% Production facilities Management & administration (As at 31 March 2002) Mitsubishi Motors America, Inc. (MMA) Location: Cypress, California MMC voting rights: 12 United States (As at 31 March 2002) Distributor Mitsubishi Motor Sales of America, Inc. (MMSA) Location: Cypress, California Capitalization: USD 261m Activities: Importing, marketing of automobiles MMC voting rights: 100.00% Models sold: See table on page 13 (As at 31 March 2002) Mitsubishi Motor Manufacturing of America, Inc. (MMMA) Location: Normal, Illinois Capitalization: USD 6,935 Activities: Automobile manufacture and sales MMC voting rights: 99.00% Models produced: See table on page 12 Capitalization: Activities: Sales organization USD 5.7m Market research and other information gathering 100.00% Sales outlets (As at 31 December 2001) 589 (As at 31 December 2001) Sales financing Mitsubishi Motors Credit of America, Inc. (MMCA) Location: Cypress, California Capitalization: USD 260m Activities: Automobile financing, leasing MMC voting rights: 100.00% Canada (As at 31 December 2001) Distributor Mitsubishi Motor Sales of Canada, Inc. (MMSCAN) Location: Mississauga, Ontario Capitalization: CAD 2.0 m Activities: Importing, marketing of automobiles MMC voting rights: 100.00% Production plant / company MMMA Model 1997 1998 1999 2000 (Unit: vehicles) 2001 Nagoya Plant (Japan) 1 2 3 4 Galant Eclipse / Eclipse Spyder Diamante Chariot (Expo) 42,607 58,569 18 1 44,202 57,955 0 0 74,782 61,874 0 0 96,452 71,307 0 0 93,878 70,351 0 0 Mizushima Plant (Japan) 5 6 7 8 L200 Strada (Mighty Max) GTO (3000GT) Lancer Cedia (Lancer) Lancer / Mirage (Lancer) 207 6,086 0 31,717 0 4,164 0 33,072 0 3,419 0 47,136 0 117 0 49,369 0 1 25,084 29,957 6,915 31,659 11,384 189,163 4,120 38,439 8,563 190,515 5,115 59,007 9,921 261,254 21,578 66,375 9,219 314,417 24,802 61,093 17,227 322,393 15,121,503 15,542,983 16,891,338 17,347,676 17,120,787 PMC (Japan) MMAL (Australia) Total 9 10 11 Pajero (Montero) Challenger (Montero Sports) Diamante Total market volume Car operations Sales volume by model Note: Names in parentheses indicate local market name MMC and consolidated subsidiaries Mitsubishi badged vehicle Principal operational facilities in North America MMSCAN Mississauga, Ontario Importing, marketing of automobiles MMMA Normal, Illinois Automobile manufacture and sales MRDA Ann Arbor, Michigan MMA Market research, product development, design, testing, certification Cypress, California Market research and other information gathering MMSA Cypress, California Importing, marketing of automobiles MMCA Cypress, California Auto financing, leasing 13 Car operations Car operations Europe Net sales, production and sales volumes in European market as percentages of MMC global totals 20.8% Net sales 5.2% Production volume MMC sales volume share of European market (Unit: vehicles) MMC 212,983 Total market volume 16,680,641 13.7% 1.3% Sales volume Highlights 2003 December: MMC on track to commission engine plant being built jointly with DaimlerChrysler in Thuringia Germany (MMC is funding 50% of cost) 2004: MMC plans to start production of new compact model at NedCar Production volume by model Production facility Model NedCar (Netherlands) IPF (Italy) Total 1 2 3 Carisma Space Star Pajero Pinin (Unit: vehicles) 1997 1998 1999 2000 82,544 0 0 82,544 77,373 13,305 0 90,678 53,871 58,383 9,595 112,254 29,800 30,116 18,626 59,916 2001 1997 1998 1999 2000 71,787 11,412 23,805 4,957 17,830 11,098 5,864 14,864 11,833 11,028 3,742 5,344 2,646 7,109 10,797 8,981 932 27,191 251,220 64,403 9,665 22,865 6,215 19,232 14,816 6,951 16,009 14,837 15,523 3,909 5,386 3,422 8,035 9,889 8,021 882 47,146 277,206 67,028 8,574 19,541 6,667 20,770 16,235 8,949 24,760 17,307 19,483 5,089 4,454 3,314 11,053 9,335 6,857 1,027 32,351 282,794 51,560 7,285 18,087 7,821 16,232 14,499 6,894 26,304 17,368 20,511 5,409 3,149 2,784 10,390 9,998 5,611 890 33,464 258,256 39,146 5,666 22,133 5,074 11,898 8,137 10,062 24,379 10,326 22,355 4,407 2,310 1,511 7,375 8,221 4,075 378 25,530 212,983 14,912,212 16,041,509 16,871,151 16,654,751 16,680,641 22,203 44,908 12,150 67,111 Note: NedCar will also continue to produce Volvo S40/Y40 models until 2004 IPF: Industrie Pininfarina S.p.A. MMC and consolidated subsidiaries Mitsubishi badged vehicle Sales volume by country Country Germany Austria U.K. Irish Republic Netherlands Belgium France Italy Portugal Spain Greece Denmark Finland Sweden Switzerland Norway Iceland Other Total Total market volume Note: Total market volume represents sum of EU and EFTA sales 14 (Unit: vehicles) 2001 Mitsubishi Motors Europe B.V. (MME) Location: Schipol-Rijk, Netherlands Capitalization: EUR 53 million Activities: Holding company MMC voting rights: 100.00% R&D facilities Sales organization (As at 31 March 2002) Mitsubishi Motors Sales Europe B.V. (MMSE) Location: Schipol-Rijk, Netherlands Capitalization: EUR 1.5million Activities: Import, export and sales of automobiles MMC voting rights: 100.00% Models produced: See table below Car operations Supervision of operations (As at 31 March 2002) (As at 31 March 2002) Mitsubishi Motors R&D of Europe GmbH (MRDE) Location: Trebur, Germany Capitalization: EUR 767,000 Distributors Activities: Product development, design, testing, certification Sales outlets MMC voting rights: 100.00% (As at 31 December 2001) 25 (As at 31 December 2001) 2,396 Production facilities (consolidated subsidiaries only listed) (As at 31 March 2002) Netherlands Car B.V. (NedCar) Location: Born, Netherlands Capitalization: EUR 250 million Activities: Manufacture and sales of automobiles and parts MMC voting rights: Models produced: 100.00% See table on page 14 Sales volume by model (Unit: vehicles) Plant / Assembler Model NedCar 1 Carisma (Netherlands) 2 Space Star IPF (Italy) 3 Pajero iO (Pajero Pinin) Nagoya Plant 4 Galant (Japan) 5 Legnum (Galant) Mizushima Plant (Japan) PMC (Japan) MMMA (U.S.A.) MSC (Thailand) 6 7 8 9 10 Chariot Grandis (Space Wagon) RVR (Space Runner) L200 Strada (L200) GTO (3000GT) Libero (Lancer Wagon) 11 12 13 14 15 16 17 18 19 Delica Space Gear (Space Gear) L300 Delica (L300) Mirage (Colt) Pajero Challenger (Pajero Sport) Other Eclipse L200 Strada (L200) Lancer 1997 67,572 1998 74,175 1999 57,209 2000 38,548 2001 28,647 0 0 13,779 4,788 0 14,099 42,781 0 12,702 38,164 14,010 9,558 42,987 15,907 5,851 8,534 12,110 7,677 2,037 260 0 9,050 11,937 5,249 8,024 197 6,819 7,683 17,809 2,831 1,002 174 4,841 5,253 10,828 3,539 0 224 5,157 3,359 6,316 1,671 0 0 1,940 6,826 8,788 58,983 36,624 0 654 2,368 25,008 0 251,220 8,226 18,655 41,860 38,498 991 210 1,111 33,317 0 277,206 8,814 8,989 33,207 26,040 16,159 2,164 551 39,838 0 282,794 7,360 7,440 25,089 32,306 15,001 411 0 45,368 0 258,256 3,499 2,736 10,243 36,638 10,973 121 0 40,579 1,516 212,983 14,912,212 16,041,509 16,871,151 16,654,751 16,680,641 Total Total market volume Note: (1) Total market volume represents sum of EU and EFTA sales (2) Model names in parentheses indicate local market name MMC and consolidated subsidiaries Mitsubishi badged vehicle 15 Car operations Car operations Asia Production and sales volumes in Asian market as percentages of MMC global totals 31.0% Production volume 28.4% Sales volume Production volume by model Production facility Model / Assembler MSC (Thailand) MMPC (Philippines) KKM (Indonesia) KRM (Indonesia) PROTON (Malaysia) USF (Malaysia) CMC (Taiwan) SEMC (China) LMC (China) HML (India) M&M (India) Total (Unit: vehicles) 1997 1998 1999 2000 2001 1 2 3 4 5 6 7 8 9 10 11 L200 Strada Lancer Lancer Adventure L300 Delica L200 Strada Galant Kuda Lancer Colt T120SS Colt T120SS 61,421 13,273 11,446 0 9,566 0 714 0 1,830 18,291 378 61,434 298 3,411 6,258 3,698 0 360 50 560 0 1,913 70,703 6,408 2,140 4,775 3,707 950 550 6,847 450 0 3,433 84,813 5,401 1,880 6,729 2,918 1,577 1,530 20,916 1,710 0 6,768 78,845 5,302 2,574 7,714 2,079 1,253 540 4,776 690 0 10,416 12 13 Colt L300 Saga Iswara 15,470 57,151 2,175 49,145 2,055 65,256 13,485 52,811 16,320 51,306 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 31 32 Satria / Putra Wira Waja Juara L200 Strada Freeca Galant Varica Lancer Delica Space Gear Delica Truck L300 Delica Chariot Grandis Freeca L300 Delica Delica Space Gear Lancer L300 Delica 16,655 124,841 0 0 0 4,914 0 21,937 39,411 0 0 13,718 0 0 0 0 0 0 411,016 7,129 37,227 0 0 0 16,008 24,170 0 28,063 5,750 4,986 5,385 0 0 0 0 2,110 2,400 262,530 6,475 93,862 0 0 0 14,653 4,764 20,645 26,463 7,423 4,342 4,821 0 0 0 0 7,427 0 358,149 5,423 93,860 25,382 0 0 17,044 10,157 21,290 21,756 8,125 3,835 3,637 0 1,050 3,600 0 8,032 0 423,729 4,694 112,878 61,715 0 4,470 13,531 2,698 17,141 19,054 5,133 2,686 2,536 3,191 7,350 13,440 690 6,528 0 459,550 MSC: MMC Sittipol Co., Ltd. MMPC: Mitsubishi Motors Philippines Corp. KKM: P.T. Krama Yudha Kesuma Motors KRM: P.T. Krama Yudha Ratu Motors PROTON: Perusahaan Otomobil Nasional Bhd. USF: United Straits Fuso Sdn. Bhd. CMC: China Motor Corp. SEMC: South East (Fujian) Motor Corporation Ltd. LMC: Dongfeng Liuzhou Motor Co., Ltd. HML: Hindustan Motors Ltd. M&M: Mahindra & Mahindra Ltd. Note: Harbin Hafei Motor Co., Ltd. (China) started production of the Mirage Dingo in February 2002 16 MMC and consolidated subsidiaries Mitsubishi badged vehicle R&D facilities (As at 31 March 2002) None Thailand Philippines (As at 31 March 2002) MMC Sittipol Co. Ltd. (MSC) Location: Phathumthanee Capitalization: THB 16.1 million Activities: Importing, assembly, sales of automobiles MMC voting rights: 99.9% Models produced: See table on page 16 (As at 31 March 2002) Mitsubishi Motors Philippines Corp. (MMPC) Location: Cainta Rizal Capitalization: PHP 350 million Activities: Importing, assembly, sales of automobiles MMC voting rights: 51.0% Models produced: See table on page 16 (As at 31 March 2002) MSC Engineering Co., Ltd. Location: Laemchabang Capitalization: THB 20.0 million Activities: Manufacture of automobile engines MMC voting rights: 99.9% (As at 31 March 2002) Asian Transmission Corp. (ATC) Location: Calamba Laguna Capitalization: PHP 350 million Activities: Manufacture, sales of automobile parts MMC voting rights: 84.7% Sales volume by country/area Country / Area Thailand Philippines Indonesia Malaysia Taiwan China Other Total Car operations Production facilities (consolidated subsidiaries only listed) (Unit: vehicles) 2001 1997 1998 1999 2000 32,637 27,302 36,171 185,104 88,000 32,800 7,382 409,396 14,765 18,355 4,438 86,458 89,000 22,500 8,138 243,654 17,354 14,805 16,407 150,622 75,200 13,700 14,630 302,718 28,266 15,285 42,481 177,384 77,500 37,600 16,463 394,979 1997 1998 1999 2000 2001 61,421 13,273 74,694 61,434 298 61,732 70,703 6,408 77,111 84,813 5,401 90,214 78,845 5,302 84,147 23,665 16,367 34,156 239,432 70,500 42,400 15,372 441,892 Thailand Production volume by model Production facility / Assembler MSC Model 1 2 L200 Strada Lancer Total (Unit: vehicles) Note: Production volume indicates number of vehicles produced locally using parts shipped by MMC from Japan for assembly overseas (knock down kit production excluded) Sales volume Production facility / Assembler MSC Nagoya Plant (Japan) Mizushima Plant (Japan) PMC (Japan) Total Total market volume (Unit: vehicles) Model 1997 1998 1999 2000 2001 1 2 3 4 5 L200 Strada Lancer Galant Chariot Grandis L300 Delica 23,000 8,867 437 5 0 11,286 3,152 147 4 0 13,125 4,034 26 0 48 24,418 3,696 7 0 0 18,759 4,773 4 0 0 6 Pajero 328 32,637 176 14,765 121 17,354 145 28,266 129 23,665 342,828 137,477 211,146 252,729 288,783 MMC and consolidated subsidiaries Mitsubishi badged vehicle 17 Philippines Car operations Production volume by model Production facility / Assembler MMPC Model 1 2 3 4 Lancer Adventure L300 Delica L200 Strada Total (Unit: vehicles) 1997 1998 1999 2000 2001 11,446 0 9,566 0 21,012 3,411 6,258 3,698 0 13,367 2,140 4,775 3,707 950 11,572 1,880 6,729 2,918 1,577 13,104 2,574 7,714 2,079 1,253 13,620 Note: Production volume indicates number of vehicles produced locally using parts shipped by MMC from Japan for assembly overseas (knock down kit production excluded) Sales volume Production facility / Assembler MMPC Nagoya Plant (Japan) Mizushima Plant (Japan) PMC (Japan) (Unit: vehicles) Model 1997 1998 1999 2000 2001 1 2 3 4 5 6 Lancer Adventure L300 Delica L200 Strada Galant Delica Space Gear 11,273 0 9,575 2,534 1,442 320 4,456 6,319 3,965 975 561 647 2,228 4,709 3,556 1,375 491 41 1,886 6,824 3,115 1,614 73 277 2,595 7,711 2,076 1,188 58 59 7 8 9 L300 Delica Pajero Other 598 1,013 547 27,302 714 532 186 18,355 63 2,264 78 14,805 240 1,256 0 15,285 572 2,108 0 16,367 138,999 77,623 71,943 81,397 74,780 Total Total market volume Note: “Other” refers to models produced in Japan which are not listed in the above table Indonesia Production volume by model Production facility / Assembler KKM KRM Model 1 2 3 4 5 6 Galant Kuda Lancer Colt T120SS Colt T120SS Colt L300 Total (Unit: vehicles) 1997 714 0 1,830 18,291 378 15,470 36,683 1998 360 50 560 0 1,913 2,175 5,058 1999 2000 2001 550 6,847 450 0 3,433 2,055 13,335 1,530 20,916 1,710 0 6,768 13,485 44,409 540 4,776 690 0 10,416 16,320 32,742 Note: Production volume indicates number of vehicles produced locally using parts shipped by MMC from Japan for assembly overseas (knock down kit production excluded) Sales volume Production facility / Assembler MKM KRM PMC (Japan) MMAL (Australia) Total Total market volume (Unit: vehicles) Model 1 2 3 4 5 6 7 Galant Kuda Lancer Colt T120SS Colt L300 Pajero Magna / Verda 1997 1998 1999 2000 2001 1,487 18,505 1,620 6,915 13,732 222 0 42,481 487 6,019 851 10,417 16,381 0 1 34,156 264,357 251,561 783 0 1,846 18,353 15,062 127 0 36,171 362 91 405 1,710 1,792 78 0 4,438 673 6,438 601 3,950 4,745 0 0 16,407 327,544 51,189 80,375 MMC and consolidated subsidiaries Mitsubishi badged vehicle 18 Malaysia Production volume by model USF Total Model 1 2 3 4 5 6 Saga Iswara Satria / Putra Wira Waja Juara L200 Strada (Unit: vehicles) 1997 1998 1999 2000 2001 51,306 4,694 112,878 61,715 0 4,470 235,063 49,145 7,129 37,227 0 0 0 93,501 65,256 6,475 93,862 0 0 0 165,593 52,811 5,423 93,860 25,382 0 0 177,476 51,306 4,694 112,878 61,715 0 4,470 235,063 Car operations Production facility / Assembler PROTON Note: Production volume indicates number of vehicles produced locally using parts shipped by MMC from Japan for assembly overseas (knock down kit production excluded) Sales volume Production facility / Assembler PROTON (Unit: vehicles) Model 1 2 3 4 5 Nagoya Plant (Japan) 6 7 Total Saga Iswara Satria / Putra Wira Waja Juara Perdana Other Total market volume 1997 1998 1999 2000 2001 57,852 22,194 98,605 0 0 6,453 0 185,104 50,038 5,671 29,522 0 0 1,227 0 86,458 65,708 9,562 71,239 0 0 4,113 0 150,622 57,773 9,073 87,938 11,622 0 10,978 0 177,384 51,696 99,613 * 69,956 1,103 8,646 8,418 239,432 404,869 157,516 279,079 332,172 384,731 Note: “Other” refers to models produced in Japan which are not listed in the above table * Included in figure for Satria / Putra Taiwan Production volume by model Production facility / Assembler CMC Model 1 2 3 4 6 7 8 9 Freeca Galant Chariot Grandis Lancer Delica Space Gear Delica / Delica Truck L300Delica Varica Total (Unit: vehicles) 1997 1998 1999 2000 2001 4,914 0 21,937 39,411 0 0 13,718 0 79,980 16,008 24,170 0 28,063 5,750 4,986 5,385 0 84,362 14,653 4,764 20,645 26,463 7,423 4,342 4,821 0 83,111 17,044 10,157 21,290 21,756 8,125 3,835 3,637 0 85,844 13,531 2,698 17,141 19,054 5,133 2,686 2,536 3,191 65,970 Note: Production volume indicates number of vehicles produced locally using parts shipped by MMC from Japan for assembly overseas (knock down kit production excluded) Sales volume Production facility / Assembler CMC 1 2 3 4 5 6 7 PMC (Japan) 8 9 10 MMMA (United States) 11 MMAL (Australia) 12 Total Total market volume (Unit: vehicles) Model Lancer Galant Chariot Grandis Freeca Delica Space Gear Delica / Delica Truck Varica Pajero Challenger Other Eclipse Diamante 1997 1998 1999 2000 2001 39,687 0 0 3,827 2,085 14,144 26,695 509 0 632 411 0 87,990 27,755 12,322 0 15,157 5,921 10,942 23,869 609 0 692 85 451 97,803 26,391 8,968 0 15,097 7,478 8,704 21,127 224 404 65 54 301 88,813 24,601 7,661 0 16,302 7,553 7,155 19,793 277 344 0 71 137 83,894 21,415 4,806 1,574 14,250 5,860 5,530 18,300 287 250 95 32 64 72,463 368,312 357,322 314,676 287,163 331,042 Note: “Other” refers to models produced in Japan which are not listed in the above table MMC and consolidated subsidiaries Mitsubishi badged vehicle 19 China Production volume by model Car operations Production facility / Assembler SEMC LMC Total Model 1 2 3 (Unit: vehicles) 1997 Freeca L300 Delica Delica Space Gear 1998 0 0 0 0 1999 0 0 0 0 2000 0 0 0 0 2001 1,050 3,600 0 4,650 7,350 13,440 690 21,480 Note: (1) Harbin Hafei Motor Co., Ltd. started production of Mirage Dingo in February 2002. (2) Beijing Jeep Corporation (BJC) is due to start production of Challenger (Pajero Sport) at its Beijing plant in first quarter 2003. Sales volume Production facility / Assembler CFA SEMC Nagoya Plant (Japan) Mizushima Plant (Japan) PMC (Japan) (Unit: vehicles) Model 1 2 3 4 5 6 7 Pajero Freeca Delica Chariot Grandis Galant Pajero iO Lancer 8 9 Pajero Other Total Total market volume 1997 1998 1999 2000 2001 2,039 0 2,785 1,796 357 0 356 1,300 0 5,011 1,338 233 29 232 3,961 0 7,705 341 229 210 46 9,040 10,313 14,230 675 145 227 20 9,814 15,932 14,079 223 32 173 125 24,886 583 32,802 14,072 250 22,465 1,148 107 13,747 2,797 181 37,628 1,599 29 42,006 1,465,900 1,648,600 1,882,300 1,882,300 2,039,600 MMC and consolidated subsidiaries Mitsubishi badged vehicle Note: “Other” refers to models produced in Japan which are not listed in the above table Principal operational facilities in China HDMC SAME Harbin Capitalization: CNY 500 million Shareholders: MMC 15.3%, MC 5.7%, Local 79.0% Activities: Manufacture, sales of engines (1300cc, 1600cc) and transmissions Capitalization: CNY 738 million Shareholders: MMC 25.0%, MC 9.3%, Local 65.7% Activities: Manufacture and sales of engines (2000cc, 2400cc) and transmissions Shenyang Dalian Mitsubishi Motors (Dalian) Co., Ltd. Shareholders: MMC 100.0% Activities: Distributor Tianjin Mitsubishi Motors (Tianjin) Co., Ltd. SEMC: South East (Fujian) Motor Corporation Ltd. Capitalization: USD 60.3 million Shareholders: CMC (Taiwan) 50.0%, Local 50.0% (MMC holds no equity stake) Activities: Production and sales of Delica and Freeca Shareholders: MMC 100.0% Activities: Distributor Mitsubishi Motors (Shanghai) Co., Ltd. Shareholders: MMC 100.0% Activities: Distributor Shanghai CFA Capitalization: CNY 323 million Shareholders: MMC 19.95%, Local 80.05% Activities: Production and sales of Pajero Fujian Yong Zhou Mitsubishi Motors (Guangzhou) Co., Ltd. Shareholders: MMC 55.0% Activities: Distributor 20 Guangzhou (Canton) HDMC: Harbin Dongan Automotive Engine Manufacturing Co., Ltd. SAME: Shenyang Aerospace Mitsubishi Motors Manufacturing Co., Ltd. CFA: Hunan Changfeng Motor Co., Ltd. Car operations Principal operational facilities in Southeast Asia ATC Manufacture and sales of automotive parts See page 17 VSM Automobile assembly from knock down kits Shareholders: MMC 25.0%, MC 25.0% PROTON 25.0%, Local 25.0% MMPC Thailand Importing, production and sales of automobiles See page 17 Philippines Vietnam MSC Importing, production and sales of automobiles See page 17 USF Vehicle production Shareholders: MMC 0.0% Malaysia PROTON Vehicle production Shareholders: MMC 7.96%, MC 7.96%, Local 84.08% Singapore CCA Distributor Shareholders: MMC 0.0% Indonesia KTB Distributor Shareholders: MMC 0.0% MKM Manufacture of automotive parts Shareholders: MMC 32.3%, MC 32.3%, Local 35.4% VSM: USF: PROTON: CCA: KTB: MKM: Vina Star Motors Corporation United Straits Fuso Sdn. Bhd. Perusahaan Otomobile Nasional Berhad Cycle & Carriage Automotive Pte Ltd. P.T. Krama Yudha Tiga Berlian Motors P.T. Mitsubishi Krama Yudha Motors and Manufacturing 21 Car operations Other regions Car operations Oceania Production and sales volumes in Oceania market as percentages of MMC global totals 2.9% Production volume 4.6% Sales volume Production volume (Australia) Production facility / Assembler MMAL Total (Unit: vehicles) Model 1 Magna / Verda 1997 1998 1999 2000 2001 59,087 59,087 46,574 46,574 34,570 34,570 38,566 38,566 43,801 43,801 Sales volume (Australia) Production facility / Assembler MMAL Nagoya Plant (Japan) Mizushima Plant (Japan) PMC (Japan) MSC (Thailand) Total (Unit: vehicles) Model 1 2 3 4 5 6 7 8 9 Diamante (Magna / Verda) Chariot Grandis (Nimbus) Pajero iO Delica Space Gear (Space Wagon) L300 Delica (Express) Lancer / Mirage / Libero (Lancer Wagon) Pajero Challenger Triton (L200 Strada) Total market volume Note: Names in parentheses are local market model names 1997 1998 1999 2000 2001 41,008 681 0 946 3,075 21,669 6,117 0 6,628 80,124 35,844 575 0 799 3,020 26,715 4,761 1,929 8,007 81,650 28,239 570 902 652 3,133 19,676 5,724 2,085 6,160 67,141 26,271 473 705 627 2,117 25,283 7,539 2,267 5,317 70,599 24,381 389 422 417 1,625 22,331 7,491 2,261 6,195 65,512 706,064 788,301 766,423 767,244 753,722 MMAL: Mitsubishi Motors Australia, Ltd. Near & Middle East and Africa Production and sales volumes in Near & Middle East and African market as percentages of MMC global totals 0.0% Production volume 3.3% Sales volume Production volume Production facility Model / Assembler FMCSA (South Africa) 1 L300 Delica DCSA (South Africa) 2 L200 Strada Total (Unit: vehicles) 1997 1998 1999 2000 2001 1,612 0 1,612 1,137 1,528 2,665 928 5,452 6,380 930 10,466 11,396 150 13,494 13,644 Note: (1) Production volume indicates number of vehicles produced locally using parts shipped by MMC from Japan for assembly overseas (knock down kit production excluded) (2) Production at FMCSA ceased in February 2001 FMCSA: Ford Motor Company of Southern Africa 22 DSCA: DaimlerChrysler South Africa MMC and consolidated subsidiaries Mitsubishi badged vehicle Sales volume Model 1 2 3 4 5 Mizushima Plant 6 (Japan) 7 8 9 10 11 Pajero Manufacturing 12 (Japan) 13 MSC (Thailand) 14 MMAL (Australia) 15 Total Galant / Legnum Chariot Grandis Pajero iO L200 Strada GTO Libero Delica Space Gear Lancer Cedia Lancer Cedia Wagon L300 Delica Lancer / Mirage Pajero Challenger L200 Strada Magna / Verda 1997 1998 1999 2000 2001 17,396 307 19 * 4 0 159 0 0 3,393 14,632 9,395 0 24,799 70 70,174 8,810 846 18 * 8 0 66 0 0 4,400 32,555 11,897 0 24,721 185 83,506 4,547 1,004 2,953 * 0 0 38 0 0 2,744 12,920 9,567 191 19,552 150 53,666 2,582 1,320 1,098 * 0 7 18 1,847 0 2,695 3,950 8,935 143 27,830 106 50,531 2,668 934 976 * 0 99 6 10,116 4 2,264 246 9,140 126 24,092 658 51,329 Car operations Production facility / Assembler Nagoya Plant (Japan) (Unit: vehicles) Note: *Included in data for MSC L200 Strada MSC: MMC Sittipol Co., Ltd. MMAL: Mitsubishi Motors Australia, Ltd. Central & South America Production and sales volumes in Central & South America market as percentages of MMC global totals 0.6% Production volume 3.4% Sales volume Production volume Production facility / Assembler MMCB (Brazil) Total Model 1 (Unit: vehicles) 1997 1998 1999 2000 2001 0 0 1,560 1,560 3,420 3,420 6,720 6,720 8,820 8,820 L200 Strada Note: Production volume indicates number of vehicles produced locally using parts shipped by MMC from Japan for assembly overseas (knock down kit production excluded) MMCB: MMC Automotores do Brasil S.A. Sales volume (on shipments basis) Production facility / Assembler Nagoya Plant (Japan) Model 1 2 3 4 5 Mizushima Plant (Japan) 6 7 Pajero Manufacturing 8 (Japan) 9 10 11 MSC (Thailand) Total Galant Chariot Grandis L200 Strada Pajero iO Delica Space Gear L300 Delica Lancer / Mirage Pajero (Montero) Challenger (Montero Sports) Other L200 Strada Note: “Other” refers to models produced in Japan that are not listed in the above table *Included in data for L200 Strada † Included in MSC Lancer / Mirage figures (Unit: vehicles) 1997 1998 1999 2000 2001 3,589 1,321 * 5,005 1,350 * 3,569 1,104 * † † † 138 4,588 31,843 17,254 0 698 14,160 67 4,670 35,729 18,871 0 730 23,522 54 3,082 25,287 13,860 0 833 21,428 3,193 1,004 9,941 3,481 42 2,829 18,782 10,692 11,691 2,410 6,315 73,591 89,944 62,217 1,257 660 10,980 2,205 24 1,894 12,537 7,998 8,296 328 6,256 52,435 MSC: MMC Sittipol Co., Ltd. 70,380 MMC and consolidated subsidiaries Mitsubishi badged vehicle 23 Car operations Products over the years Car operations Passenger cars ’65 ’70 ’75 ’80 ’85 Debonair Debonair V Jul 64 Aug 86 Galant ⌳ Galant ⌳ Eterna ⌳ May 80 Dec 76 Colt Galant New Galant Galant ⌺ Dec 69 Jun 73 May 76 Pre-MMC models Galant ⌺ H/T Eterna ⌺ H/T Oct 84 Galant ⌺ Eterna ⌺ Galant ⌺ Eterna ⌺ May 80 1970: Galant GTO 1978: Galant ⌺ Etema 1971: Galant FTO 1971: Galant ⌳ Etema Sep 83 Cordia Mitsubishi 500 (Apr 60) Mar 82 Colt 600 (Jul 62) Colt 1000 (Jul 63) Tredia Colt 1500 (Nov 65) Mar 82 Colt 800 (Nov 65) Mirage Mirage Lancer Fiore Mar 78 Oct 83 Colt 1000F (Sep 66) Colt 1100 (Sep 66) New Colt 1200 (May 68) Lancer Lancer Lancer EX New Colt 1500 (May 68) Feb 73 Nov 76 Mar 79 Colt 1100F (Aug 68) Mirage/ Lancer Wagon 1975: Lancer Celeste Jeep (Feb 53) Feb 85 Starion Jeep: Starting with the CJ3A model and going thorough to the J55 model, Mitsubishi assembled over 200,000 Jeeps from knock-down kits, until Jeep production at MMC ended in 1998. May 82 Pajero May 82 Forte Sep 78 Delica Truck Delica Delica Jul 68 Jun 79 Jun 86 1969: Delica Van Chariot Feb 83 Minicars (up to 660cc engine size) Minica Minica 70 Minica F4 Minica Ami55 Minica Ami L Minica Oct 62 Jul 69 Oct 72 Jun 77 Sep 81 Feb 84 1971: Minica Skipper Minicab Truck Minicab 5 Truck Minicab Wide 55 Minicab Aug 66 Apr 76 Mar 77 Jun 84 1968: Minicab Van Leo 3-wheel light vehicle (Sep 59) Mitsubishi 360 (Mar 61) 24 1976: New Minica As at 31 March 2002 ’90 ’95 Car operations Note: Dates refer to launch date ’00 Debonair Proudia Dignity Oct 92 Feb 00 Diamante New Diamante May 90 Jan 95 Sigma Nov 90 Galant Galant Galant Oct 87 May 92 Aug 96 Eterna Eterna Legnum Oct 88 May 92 Aug 96 Eterna Sava Emeraude Aspire Oct 89 Oct 92 Aug 98 Mirage Mirage Mirage Oct 87 Oct 91 Oct 95 Lancer Cedia Lancer Lancer Lancer May 00 Jun 88 Oct 91 Mirage Dingo Oct 95 Libero Lancer Cedia Wagon Nov 00 Jan 99 Dion May 92 GTO Jan 00 Airtrek FTO Oct 90 Jun 01 Pajero Oct 94 Jan 91 Strada Pajero Challenger Sep 99 Jul 96 Townbox Wide Strada imports Jun 97 May 91 Jun 99 Delica Space Gear May 94 Chariot Grandis Chariot Toppo BJ Wide Jan 99 May 91 Pajero Jr. Oct 97 Pajero iO RVR Nov 95 RVR Jun 98 Feb 91 Nov 97 Minica Minica Minica Jan 89 Sep 93 Oct 98 Minica Toppo Minica Toppo Toppo BJ Mar 90 Sep 93 Oct 98 eK Wagon Minicab Bravo Minicab Jan 91 Jan 99 Oct 01 Townbox Apr 99 Pajero Mini Pajero Mini Dec 94 Oct 98 25 Truck & bus operations Truck & bus operations Net sales, production & sales volume (exports) by region Production models by region Net sales, production & sales volume (exports) by region Japan Net sales Production volume Sales volume North America Net sales Production volume Exports from Japan Europe Net sales Production volume Exports from Japan Asia & other regions Net sales Asia Production volume Exports from Japan Near & Middle East, Production volume Africa Exports from Japan Central & South Production volume America Exports from Japan Oceania Production volume Exports from Japan Total Net sales Production volume Japan sales volume + exports (Unit: JPY million; vehicles) 1997 — 152,232 95,766 — 0 5,210 — 7,743 17,984 — 44,758 61,721 0 10,630 0 5,827 0 3,104 — 204,733 1998 — 110,163 74,986 — 0 6,820 — 9,763 19,109 — 11,928 17,842 0 10,462 0 5,203 0 3,601 — 131,854 1999 — 97,877 67,320 — 0 6,098 — 10,782 13,282 — 16,036 19,558 0 10,462 0 2,417 0 3,527 — 124,695 2000 574,072 102,912 69,625 24,085 0 5,148 29,643 12,314 16,889 90,703 31,235 47,220 0 9,582 0 2,572 0 3,175 718,503 146,461 2001 554,719 85,448 63,997 22,390 0 3,128 15,700 8,179 7,209 87,884 38,005 45,421 0 11,739 0 3,793 0 3,190 680,693 131,632 200,242 138,023 122,664 154,211 138,477 Note: (1) Production volume indicates number of vehicles produced locally using parts shipped by MMC from Japan for assembly overseas (knock down kit production excluded) (2) Exports from Japan are the total of built up vehicles, knock down kits and parts used in production outside Japan Production models by region Region / country Production Model facility / Assembler Japan Tokyo Plant-Kawasaki 1 2 3 Oye Bus Plant 4 MBM 5 6 MTE 7 TEMSA 8 CMC 9 KRM 10 KRM 11 Key: Sold in Japan and other markets Sold in Japan MMC and consolidated subsidiaries Drive 4҂2 Europe Asia 26 Portugal Turkey Taiwan Indonesia Heavy trucks Medium trucks Light trucks Small buses Large buses Medium buses Light trucks Medium, large buses Light trucks Light trucks Medium, heavy trucks Sold in overseas markets Transmission 4҂4 6҂2 2FA 6҂2 2RA 6҂4 6҂6 8҂4 AT MT INOMAT Asia & other regions 81.5% 64.9% Net sales 12.9% 46.2% Production volume 28.9% Net sales Market share Production volume North America 3.3% Near & Middle East, Africa 0.0% Net sales 2.3% Production volume 32.8% Asia 0.0% Production volume Market share Truck & bus operations Japan 8.5% Market share Market share 0.0% Central & South America Production volume 2.7% Market share Europe 2.3% 6.2% Net sales 5.2% Production volume 0.0% 2.3% Oceania Market share Production volume Net sales Market share (Unit: JPY million) 800,000 600,000 400,000 200,000 2000 Production volume 2001 (Unit: vehicles) 200,000 150,000 100,000 50,000 1997 1998 1999 2000 Sales volume (exports) 2001 (Unit: vehicles) 200,000 150,000 100,000 50,000 1997 1998 1999 2000 2001 (As at 31 March 2002) Engine Gasoline Diesel 4G6 1 2 3 4 5 6 7 8 9 10 11 4D3 Formal corporate names of production facilities and assemblers 4M4 4M5 6D3 6D1 6M6 6D2 6M7 8DC 8M2 LPG CNG MBM Mitsubishi Automotive Bus Manufacturing MTE Mitsubishi Trucks EuropeSociedade Europeia de Automoveis, S.A. TEMSA Termo Mekanic Sanayi ve Ticaret A.S. CMC China Motor Co., Ltd. KRM P.T. Krama Yudha Ratu Motors 27 Truck & bus operations Japan Truck & bus operations Net sales, production and sales volumes in Japanese market as percentages of MMC global totals 81.5% Net sales 64.9% Production volume R&D facilities MMC sales volume share of Japanese market 46.2% Sales volume (As at 31 March 2002) Truck & Bus Research & Development Center Vehicle production Sales organization Kawasaki Kitsuregawa Proving Ground Production facilities 30.0% (Unit: vehicles) MMC 63,997 Total market volume 213,391 (As at 31 March 2002) Truck and bus dealerships (Consolidated subsidiaries) (Equity method subsidiaries) (Independent dealerships) New truck and bus sales outlets (As at 31 March 2002) 36 (27) (2) (7) 296 Tokyo Plant - Kawasaki Oye Bus Plant Mitsubishi Automotive Bus Manufacturing Co., Ltd. Engine production Transmission production Cogwheel-related parts Tokyo Plant- Kawasaki Tokyo Plant- Kawasaki Tokyo Plant-Nakatsu Mitsubishi Automotive Techno-Metal Co., Ltd. Production volume Plant / Company Tokyo Plant - Kawasaki 1 2 3 Oye Bus Plant 4 MBM 5 6 Total (Unit: vehicles) Type Light trucks Medium trucks Heavy trucks Small buses Medium buses Large buses 1997 100,208 22,169 22,155 5,134 557 2,009 152,232 1998 73,687 15,424 13,034 5,636 440 1,942 110,163 1999 61,090 16,146 14,140 4,660 387 1,454 97,877 2000 67,465 15,020 14,160 4,377 377 1,513 102,912 Type Light trucks Medium trucks Heavy trucks Small buses Medium buses Large buses 1997 60,961 16,468 13,422 2,917 408 1,590 95,766 1998 48,359 12,907 9,131 2,794 503 1,292 74,986 1999 42,182 11,276 9,515 2,747 441 1,159 67,320 2000 44,282 11,855 9,606 2,346 433 1,103 69,625 2001 38,659 11,892 9,597 2,168 446 1,235 63,997 315,690 239,275 220,754 231,205 213,391 Sales volume Plant / Company Tokyo Plant - Kawasaki 1 2 3 Oye Bus Plant 4 MBM 5 6 Total Total market volume 2001 52,136 14,208 12,281 4,582 444 1,797 85,448 (Unit: vehicles) MMC and consolidated subsidiaries 28 Truck & bus operations North America North American market as percentage of MMC global total Major operational facilities (As at 31 March 2002) Mitsubishi Fuso Truck of America, Inc. (MFTA) Location: Logan, New Jersey Capitalization: USD 10 million Activities: Importing, sales of automobiles MMC voting rights: 100.0% Truck & bus operations 2.3% Exports from Japan to North America Plant / Company Tokyo Plant - Kawasaki 1 2 3 Total Type Light trucks Medium trucks Heavy trucks 1997 3,299 969 942 5,210 (Unit: vehicles) 1998 4,148 1,560 1,112 6,820 1999 3,583 1,461 1,054 6,098 2000 3,061 1,161 926 5,148 2001 2,050 611 467 3,128 MMC and consolidated subsidiaries Truck & bus operations Europe Major operational facilities European market as percentage of MMC global total (As at 31 March 2002) Mitsubishi Trucks Europe-Sociedade Europeia de Automoveis, S.A. (MTE) Location: Tramagal, Portugal Capitalization: EURO 7.485 million Activities: Manufacture and sales of automobiles and parts MMC voting rights: 99.7% 5.2% Production volume Plant / Company MTE TEMSA Total (Unit: vehicles) Type 1 Light trucks 2 Large buses 1997 7,297 446 7,743 1998 9,455 308 9,763 1999 10,588 194 10,782 2000 11,796 518 12,314 1997 17,503 0 0 1 480 17,984 1998 18,681 171 0 1 256 19,109 1999 13,033 0 0 1 248 13,282 2000 16,320 0 0 5 564 16,889 2001 8,058 121 8,179 MTE: Mitsubishi Trucks Europe-Sociedade Europeia de Automoveis, S.A. TEMSA: Termo Mekanic Sanayi ve Ticaret A.S. Exports from Japan to Europe Plant / Company Tokyo Plant - Kawasaki 1 2 3 Oye Bus Plant 4 MBM 5 Total Type Light trucks Medium trucks Heavy trucks Small buses Medium & large buses (Unit: vehicles) 2001 7,206 2 1 0 0 7,209 MMC and consolidated subsidiaries 29 Truck & bus operations Asia Asian market as percentage of MMC global totals Truck & bus operations 32.8% Production volume Production facility / Company CMC KRM (Unit: vehicles) Type 1 Light trucks 2 Light trucks 3 Medium and heavy trucks Total 1997 1998 1999 2000 2001 8,912 32,186 3,660 44,758 9,515 2,275 138 11,928 8,363 6,755 918 16,036 8,882 20,313 2,040 31,235 6,210 29,725 2,070 38,005 CMC: China Motor Co., Ltd. KRM: P.T. Krama Yudha Ratu Motors Exports from Japan to other Asian markets Production facility / Company Tokyo Plant - Kawasaki 1 2 3 Oye Bus Plant 4 MBM 5 Total Type Light trucks Medium trucks Heavy trucks Small buses Medium & large buses (Unit: vehicles) 1997 1998 1999 2000 2001 50,161 1,241 9,205 324 790 61,721 13,056 614 3,105 491 576 17,842 14,763 855 3,242 474 224 19,558 40,030 491 5,874 440 385 47,220 40,869 127 3,570 336 519 45,421 MMC and consolidated subsidiaries Truck & bus operations Other regions Major operational facilities Middle East & Africa, Central & South America, Oceania markets as percentage of MMC global total (As at 31 March 2002) Mitsubishi Trucks Australia Pty. Ltd. (MTA) Location: Sydney Capitalization: AUD 7 million Activities: Importing, sales of automobiles MMC voting rights: 100.0% Middle East Central & & Africa South America 8.5% 2.7% Exports from Japan to Middle East & Africa Production facility / Company Tokyo Plant - Kawasaki 1 2 3 Oye Bus Plant 4 MBM 5 Total Type Light trucks Medium trucks Heavy trucks Small buses Medium & large buses Oceania 2.3% (Unit: vehicles) 1997 1998 1999 2000 2001 7,680 1,276 718 950 6 10,630 7,935 1,157 355 915 100 10,462 7,935 1,157 355 915 100 10,462 6,550 1,424 543 1,061 4 9,582 8,069 1,632 608 1,330 100 11,739 MMC and consolidated subsidiaries 30 Exports from Japan to Central & South America Production facility / Company Tokyo Plant - Kawasaki 1 2 3 Oye Bus Plant 4 MBM 5 Total Type 1997 1998 1999 2000 2001 Light trucks Medium trucks Heavy trucks Small buses Medium & large buses 4,294 685 197 646 5 5,827 3,777 477 168 776 5 5,203 1,620 116 95 586 0 2,417 2,196 147 67 162 0 2,572 3,178 140 99 376 0 3,793 Type 1997 1998 1999 2000 2001 Light trucks Medium trucks Heavy trucks Small buses Medium & large buses 1,825 532 624 123 0 3,104 2,228 497 803 71 2 3,601 2,212 402 904 9 0 3,527 1,869 492 603 211 0 3,175 1,760 631 586 213 0 3,190 Type 1997 1998 1999 2000 2001 Production facility / Company Tokyo Plant - Kawasaki 1 2 3 Oye Bus Plant 4 MBM 5 Total Truck & bus operations Exports from Japan to Oceania Other Production facility / Company Tokyo Plant - Kawasaki 1 2 3 Total Light trucks Medium trucks Heavy trucks 0 0 197 197 6 1 159 166 1 0 81 82 0 1 17 18 0 0 25 25 MMC and consolidated subsidiaries Major operational facilities worldwide Head office Minato-ku, Tokyo Kitsuregawa Proving Ground Kitsuregawa, Tochigi Prefecture Road testing, evaluation Mitsubishi Automotive Techno-Metal Co., Ltd. Nihonmatsu, Fukushima Prefecture Truck & Bus Research & Development Center - Kawasaki Mitsubishi Automotive Bus Manufacturing Co., Ltd. Kawasaki, Kanagawa Prefecture Funaka-machi, Toyama Prefecture Basic research, parts and transmissions development Production of medium and large buses Tokyo Plant - Kawasaki Tokyo Plant - Nakatsu Kawasaki, Kanagawa Prefecture Aikawa-machi, Kanagawa Prefecture Production of vehicles, engines, transmissions, industrial engines Production of parts Production of parts Oye Bus Plant Nagoya, Aichi Prefecture Production of small buses Portugal MTE Vietnam VSM 1 United States MFTA See page 29 Knock down production of light trucks See page 29 Thailand MSC Philippines MMPC 3 Production light, medium, heavy trucks and medium, large buses Turkey TEMSA 2 Indonesia KTB and MKM 4 Production of large buses KTB: Distributor; MKM: Production of parts Malaysia USF South Africa DCSA 5 Knock down production of light trucks Australia MTA See page 30 1 2 3 4 4 VSM: TEMSA: MMPC: KTB: MKM: 5 DCSA: Vina Star Motors Corporation Termo Mekanic Sanayi ve Ticaret A.S. Mitsubishi Motors Philippines Corp. P.T. Krama Yudha Tiga Berlian Motors P.T. Mitsubishi Krama Yudha Motors and Manufacturing DaimlerChysler South Africa Note: MMC also has knock down production facilities in, among others, Egypt, Morocco, Kenya, Malaysia, Costa Rica. MMC and consolidated subsidiaries 31 Truck & bus operations Products over the years Mitsubishi trucks and buses Truck & bus operations ’40 ’45 ’50 ’55 ’60 ’65 ’70 Light trucks Jupiter Junior Canter T720 Canter T90 Apr 63 Mar 63 Jul 68 Jupiter T10, T11 Jul 59 Jupiter T44 (1965: Jupiter T40,T41) Jul 70 Medium trucks KTI Fuso T620 Fuso T650 Jul 46 Oct 64 Feb 70 Bonnet-type truck B1 T31 T330 Feb 46 Oct 51 Aug 60 Heavy trucks T380, T390 T910, T810, T951 Sep 59 Mar 60 Cab-over type truck Small buses Medium buses B10, B20 B12 Dec 60 Sep 66 MR620 B620 Feb 64 May 70 Bonnet-type buses B46 B1 B25 B300 Feb 46 Jun 50 Apr 58 1935: BD 46 May 32 Large buses R1 R300 B9-series, B800-series B906R Jan 50 Mar 58 Aug 67 Dec 68 Rear engine buses The dawning of truck and bus production at Mitsubishi 32 1932 First B46 gasoline bus “Fuso” built at Mitsubishi Shipbuilding Co., Ltd.’s shipyard in Kobe 1935 BD46, Japan’s first diesel bus built at Mitsubishi Shipbuilding Co., Ltd.’s shipyard in Kobe 1936 Large vehicle production transferred from Kobe Shipbuilding Yard to Tokyo Equipment Manufacturing Works 1946 KT1 4-ton truck developed. B1 gasoline bus and truck production starts. 1952 Fuso Motor Sales Co., Ltd. renamed Mitsubishi Fuso Motor Sales Co., Ltd. As at 31 March 2002 Note: Dates refer to date of launch. * Fully redesigned Canter series introduced in June 2002. ’80 ’85 ’90 ’95 ’00 Canter 15 Canter Guts Canter Guts Feb 80 Jan 87 Feb 93 Canter T200 Canter FE Canter Canter May 73 Nov 78 Oct 85 Feb 93 Fuso FK 1974: FM Truck & bus operations ’75 Fighter Mignon Fighter Mignon Feb 86 Feb 95 Fighter Fighter Feb 84 Jul 92 FM Jul 76 T331 Jan 73 Fuso F-series The Great The Great Super Great Jul 83 Jul 93 Jun 96 1977: FS Dec 73 B200, B36 BE2, BH2 BE4 May 73 Mar 79 Jun 86 Oct 97 MK Series Aero Midi MK Aero Midi MJ Aero Midi ME Dec 79 Jan 88 Sep 93 Sep 93 MP Series MS Series Aero Series Aero Series New Aero Series Jun 76 Jan 80 Feb 82 Sep 88 Oct 92 Current truck models Category Light truck Medium truck Heavy truck Rosa Rosa Type Current bus models Payload (ton) Models Category Type Small bus Rosa Canter Guts 1.25 - 1.75 FB, FD, FA Canter 2.0 - 4.95 FE, FG, FC Fighter Minion 3.2 - 4.8 FH Medium bus Aero Midi Fighter 2.95 - 11.7 FK, FL, FM, FN Large bus New Aero Star Super Great 8.1 - 16.7 FP, FY, FS, FT, FU, FV Aero Midi Aero Bus Aero Queen Aero King 33 Environmental stewardship MMC environment sustainability plan 1. Environmental management Focus Initiatives Targets Establishing DfE framework Establish developmental processes using Design for the Environment (DfE) principles which effectively minimize the environmental loads of MMC automobile products throughout their full life cycle (by end fiscal 2002.) 1-2 Relationship with suppliers (Open and transparent procurement practices) Encouraging suppliers to acquire ISO14001 certification ISO14001 certification acquisition by all suppliers (By end fiscal 2004.) 1-3 Relationship with sales companies Providing logistic support for sales companies to establish environmental management systems Establishment and execution of environmental management systems at all sales companies. 1-4 Relationship with vehicle and parts manufacturers in Japan and overseas (1) Encouraging assemblers to acquire ISO14001 certification Increase ISO14001 certification acquisition at production facilities both in Japan and overseas and encourage practice of environmental management activities similar to those at MMC (all production facilities in Japan now have ISO14001 certification.) (2) Cooperative relationship with vehicle and parts manufacturers in Japan Use biannual MMC Group Production Facility Environment Conference to encourage introduction and full implementation of MMC Environment Sustainability Plan. (3) Cooperative relationship with overseas vehicle and parts manufacturers in Japan – Regular (biannual) checks on assembler’s compliance with, and changes in, public regulations. – Implementation of environmental measures when demanded by local communities. – Strengthen teamwork with major affiliates on environmental and recycling issues through medium of International Production Meetings. Disclose information relating to MMC’s environmental stewardship performance Continue to publish and improve content of MMC Environmental Report. Upgrade information provided over the Internet. Environmental stewardship 1-1 Design for Environment (DfE) 1-5 Disclosure of information 2. Recycling Focus 34 Initiatives Targets 2-1 Promotion of automobile recycling – Complying with automobile recycling legislation in Japan and the E.U. – Improving recyclability of products – Reducing quantities of environmental-load substances Achieve actual recycling rate of 95%. (1) In Japan, active participation in establishment of recycling systems working with national government, local authorities and other related bodies. In the EU, working with DaimlerChrysler and others to establish recovery network for end-of-life vehicles. (2) Promotion of product recyclability Development of more readily recyclable materials, vehicle structures; increase use of recycled materials. (3) Promote elimination of high environmental-load substances (lead, mercury, hexa-chrome, cadmium, etc.) 2-2 Reduction of factory waste and energy use in production process (1) Achieving zero landfill waste Continue zero landfill waste policy. (Target achieved at end of fiscal 2001.) (2) Promoting recycling Increase waste re-use rate to 98% and over by end of fiscal 2005. (3) Reducing generation of by-products Reduce metal turning waste and waste foundry sand. (4) Making more effective use of water supplies Reduce total quantity used by increasing use of recirculated water. 3. Prevention of global warming 3-1 Automobile fuel consumption 3-2 Air conditioner refrigerants 3-3 Production, vehicle transportation 3-4 Traffic flow Initiatives Targets (1) Complying with Japanese mileage standards Meet Japanese 2010 mileage standards by end of fiscal 2005. (2) Complying with European voluntary mileage targets Honor commitment to European 2009 voluntary mileage agreement. (3) Trucks and buses Achieve further reductions in actual fuel consumption. (1) Reducing quantity of alternative-CFC HFC 134a used in MMC products Increase percentage of model lineup using low-CFC refrigerant air conditioners. (2) Developing non-CFC air conditioners Work jointly with air conditioner manufactures to develop CO2-based air conditioners. (1) Reducing CO2 emissions by Reduce total CO2 emissions to 20% less than fiscal 1990 reducing energy figure by end of fiscal 2010. consumption at production facilities (2) Reducing CO2 emissions in distribution logistic system Increase vehicle transportation efficiencies to reduce CO2 emissions per vehicle shipped to 10% less than fiscal 2000 figure by end of fiscal 2005. (3) Reducing quantities of crating, packing materials Reduce quantity of wooden crating used per unit knockdown sales to 15% less than fiscal 2000 figure by end of fiscal 2005. Reducting of traffic congestion using ITS technology Development and widespread application of on-board ITS instruments and equipment. Environmental stewardship Focus 4. Prevention of environmental pollution Focus Initiatives 4-1 Development and promotion of (1) Fuel-cell vehicle related low-pollution vehicles R&D Targets Continue working with DaimlerChrysler on research into and practical application of FCV technology. (2) Market introduction of clean-energy vehicles Continue development and market introduction of compressed natural gas (CNG) and hybrid electric vehicles (HEV). (3) Addition of more low-consumption low-emission models in product lineup – Increase proportion of low-emission vehicles (low fuel consumption and low-to-ultra-low emissions) supplied for official government use to over 70% of total from 2003 onwards. – Increase proportion of vehicles qualifying for Vehicle Green Tax exemption to over 80% of domestic regular (engine size larger than 660cc) car sales from 2003 onwards. – Increase proportion of vehicles qualifying for Vehicle Green Tax exemption to over 45% of domestic minicar sales from 2003 onwards. (4) Reduction of exhaust emissions in Japan and overseas markets 4-2 Reduction in use of (1) Elimination of lead from environmental-load substances end of fiscal 2002 in production process Well-timed introduction of models conforming to regulations. Eliminate lead from electrostatic painting process for all Japan market cars by end of fiscal 2002. (2) Reduction of volatile organic compound (VOC) emissions Reduce VOC emissions in car paint shop to under 35g/m2 by end fiscal 2002 by switching to water-based paints. (3) Reduction of dioxin emissions Reduce dioxin emissions from waste incinerators to under 1/10th of regulated levels by end of fiscal 2002. 35 Motorsport Dakar Rally results 1998 – 2002 2002 Arras-Madrid-Dakar Position 1 2 3 4 5 6 7 8 9 10 Driver H. Masuoka J. Kleinschmidt K. Shinozuka J-P. Fontenay C. Sousa S. Al-Hajri L. Alphand K. Kolberg J-J. Ratet N. Misslin Manufacturer / model Mitsubishi Pajero/Montero Mitsubishi Pajero/Montero Mitsubishi Pajero/Montero Mitsubishi Pajero/Montero Mitsubishil 200 Mitsubishil 200 Mitsubishi Pajero/Montero Mitsubishi Pajero/Montero Toyota Mitsubishi Pajero/Montero Overall time* 46:11:30 +00:22:01 +00:35:15 +01:37:30 +05:20:57 +08:24:51 +10:40:02 +12:21:09 +15:48:03 +18:04:22 Driver J. Kleinschmidt H. Masuoka J-L Schleser J-M Servia C. Sousa J-P. Fontenay S. Henrard G. De Mevius T. Delavergne L. Bourgnon Manufacturer / model Mitsubishi Pajero/Montero Mitsubishi Pajero/Montero Schlesser Buggy Renault Schlesser Buggy Renault Mitsubishi L200 Mitsubishi Pajero/Montero Volkswagen Buggy Nissan Terrano Nissan Terrano Nissan Terrano Overall time* 70:42:06 +00:02:39 +00:23:29 +02:06:24 +02:08:30 +03:54:05 +05:05:19 +06:29:59 +09:06:26 +13:58:08 Manufacturer / model Schlesser Buggy Mega Desert Mitsubishi Pajero/Montero Schlesser Buggy Mitsubishi Pajero/Montero Mitsubishi Pajero/Montero Protruck Nissan Terrano Nissan Terrano Nissan Patrol Overall time* 45:06:03 +00:12:33 +00:27:33 +00:38:50 +01:09:00 +01:41:12 +02:43:15 +03:39:28 +05:03:10 +06:46:26 Manufacturer / model Schlesser Buggy Mitsubishi Pajero/Montero Mitsubishi Pajero/Montero Mitsubishi Pajero/Montero Schlesser Buggy Mitsubishi Pajero Sport/Montero Sport Nissan Patrol Nissan Patrol Mitsubishi Pajero/Montero Nissan Patrol Overall time* 70:26:35 +00:33:38 +01:42:02 +02:25:34 +03:39:28 +05:16:28 +06:11:21 +06:26:22 +08:32:39 +12:15:40 Manufacturer / model Mitsubishi Pajero/Montero Mitsubishi Pajero/Montero Mitsubishi Pajero/Montero Mitsubishi Pajero Sport/Montero Sport Buggy Original Nissan Patrol Nissan Patrol Nissan Patrol Mitsubishi Pajero/Montero Mitsubish Pajero/Montero Overall time* 65:25:58 +01:45:44 +01:59:01 +05:55:27 +08:10:39 +11:39:43 +13:20:24 +13:52:15 +17:42:50 +23:28:05 2001 Paris-Dakar Motorsport Position 1 2 3 4 5 6 7 8 9 10 2000 Paris-Dakar-Cairo Position 1 2 3 4 5 6 7 8 9 10 Driver J-L. Schlesser S. Peterhansel P. Fontenay J-M. Servia J. Kleinschmidt H. Masuoka B. Saby T. De Lavergne H. Pescarolo R. Vila Altimir 1999 Granada-Dakar Position 1 2 3 4 5 6 7 8 9 10 Driver J-L. Schlesser M. Prieto J. Kleinschmidt K. Shinozuka J-M. Servia H. Masuoka S. Peterhansel T. De Lavergne P. Fontenay A. Servia 1998 Paris-Granada-Dakar Position 1 2 3 4 5 6 7 8 9 10 Driver J-P. Fontenay K. Shinozuka B. Saby H. Masuoka J-L. Schlesser P. Alliot D Housieaux T. De Lavergn M. Prieto B. Ten Harkel Note: * For second place and after, time behind winner 36 World Rally Championship (WRC) results 1997 – 2001 Over the years 1997 ��� 1998 ��� – ��� ��� – ��� ��� – – – – – – ��� ��� 1999 ��� ��� ��� ��� ��� – ��� ��� 2000 ��� ��� ��� ��� ��� ��� 2001 ��� ��� ��� ��� ��� ��� – ��� TOTAL 106 86 69 66 17 17 MC 0 6 13 0 5 2 S 0 8 10 4 1 3 P 4 6 10 3 0 3 1997 RA 0 14 4 8 0 0 CY 0 14 3 6 1 2 GR 0 10 6 6 4 0 TOTAL MC 111 0 91 6 88 4 43 12 11 3 8 0 8 1 S 11 4 5 6 0 0 0 EAK 0 3 16 0 4 0 3 P 9 4 10 2 0 0 1 E 3 14 6 3 0 0 0 RA 6 0 13 6 0 1 0 GR 2 16 4 0 0 0 3 TOTAL MC 109 4 105 7 83 10 37 0 23 5 11 0 6 0 S 9 3 10 4 0 0 0 EAK 10 0 0 13 2 0 0 P 10 3 3 11 0 0 0 E 10 5 10 0 1 0 0 F 18 2 6 6 0 0 0 RA 6 16 3 1 0 0 0 1999 2000 2001 EAK 6 0 13 0 4 0 FIN 13 6 0 7 0 0 NZ 5 10 0 11 0 0 I 16 7 1 2 0 0 F 16 0 0 7 0 3 AUS 14 3 2 7 0 0 GB 16 0 0 4 2 4 NZ 10 10 0 0 0 3 0 FIN 13 6 2 4 0 1 0 CY 4 16 4 2 0 0 0 F 16 4 5 0 1 0 0 I 16 5 1 4 0 0 0 AUS 14 0 6 0 3 3 0 GB 7 3 12 4 0 0 0 Mitsubishi drivers: Tommi Makinen, Freddy Liox GR 6 10 7 0 0 0 3 NZ 5 6 11 0 4 0 0 FIN 7 16 2 0 4 3 0 CN 14 9 0 0 2 0 0 I 4 2 13 1 0 6 0 AUS 6 10 7 0 1 2 0 GB 0 16 2 1 4 0 3 Mitsubishi drivers: Tommi Makinen, Richard Burns TOTAL MC 91 2 85 10 65 7 53 7 1 0 S 10 6 3 4 0 EAK 10 3 0 10 0 P 3 6 11 2 0 E 7 6 0 0 0 F 0 1 14 2 0 WRC 1997 Subaru Ford Mitsubishi 1998 Mitsubishi drivers: Tommi Makinen, Freddy Liox WRC 1998 Mitsubishi Toyota Subaru Ford Seat Skoda Hyundai Mitsubishi drivers: Tommi Makinen, Freddy Liox WRC 1999 Toyota Subaru Mitsubishi Ford Seat Peugeot Skoda Subaru Seat WRC 2000 Peugeot Ford Subaru Mitsubishi Seat Hyundai Skoda 3 Mitsubishi 3 4 – – E 16 2 7 1 0 0 Peugeot Ford 3 Manufacturer’s championship points by year WRC 2001 Peugeot Ford Mitsubishi Subaru Skoda Hyundai Toyota 1 Motorsport Manufacturer Mitsubishi Peugeot Ford Subaru Skoda Hyundai Toyota Seat RA 13 6 3 4 0 GR 0 9 11 4 0 NZ 4 16 3 3 0 FIN 12 9 0 4 0 I 10 3 10 1 0 AUS 10 10 3 2 0 GB 10 0 0 10 1 Mitsubishi drivers: Tommi Makinen, Richard Burns TOTAL MC 114 10 91 9 86 6 S 13 7 4 EAK 10 3 6 P 0 4 10 E 9 0 10 F 12 6 0 RA 10 0 10 GR 0 16 7 NZ 10 10 3 FIN 0 6 10 RI 4 16 3 I 16 4 4 AUS 10 0 9 GB 10 10 4 MC....Rallye de Monte Carlo S....Swedish Rally P....Rally de Portugal E....Rallye Catalunya (Spain) RA....Rally Argentina CY....Cyprus Rally GR....Acropolis Rally (Greece) EAK....Safari Rally (Kenya) FIN....Neste Rally Finland NZ....Rally New Zealand I....Rallye Sanremo (Italy) F....Tour de Corse (France) AUS....Rally Australia GB....Rally of Great Britain CN....China Rally RI....Rally of Indonesia 37 Major alliances and contracts Truck & bus equity alliance agreement DaimlerChrysler MMC Beteilgungsgesellschaft mbH has replaced AB Volvo as the party to the contract outlined below. (DaimlerChrysler MMC Beteilgungsgesellschaft mbH changed its corporate name from Hercules Inc. on 11 December 2001). For AB Volvo to transfer all operational collaborative arrangements and its 3.3% shareholding in MMC to DaimlerChrysler AG, AB Volvo: (1) on 9 April 2001 transferred all agreements with MMC including those outlined below to Hercules, a subsidiary of DaimlerChrysler AG; (2) on 29 June 2001 transferred its holding of Hercules shares to DaimlerChrysler AG. Contracting company Major alliances and contracts Mitsubishi Motors Corporation 38 Contracting partner Company Incorporated in AB Volvo Sweden Contract details Contract dates • Agreement to underwrite issue of MMC shares Parties sign agreement under which AB Volvo to underwrite new issue of MMC shares Signed 8 Oct 1999 • Operational alliance agreement MMC and AB Volvo sign a strategic alliance agreement relating to truck and bus operations under which: (1) MMC to establish a new subsidiary by the end of 2001 and transfer to that subsidiary its truck and bus development, production and sales operations; AB Volvo to acquire up to19.9% of the shares in the new subsidiary. (2) MMC to appoint two non-management board members to AB Volvo’s truck and bus subsidiaries and AB Volvo to appoint two non-management board members to MMC’s new truck and bus subsidiary. (3) The parties to collaborate in a broad range of truck and bus-related projects. Signed 13 Dec 1999 • Operational alliance agreement amended as follows: (1) MMC agrees that DaimlerChrysler AG will not become involved in truck and bus side of business even in the event that DaimlerChrysler AG acquires an equity stake in MMC. (2) MMC to make every effort to establish the new truck and bus subsidiary by 31 July 2001. (3) AB Volvo to make a capital contribution to Mitsubishi Fuso Truck & Bus Company corresponding to 19.9 percent of the new company’s capital and voting rights. (4) MMC and AB Volvo to work towards signing of shareholder contract relating to the new truck and bus company by 31 October 2000. (5) Contract term extended to 10 years. Signed 27 Dec 2000 Equity alliance and reorganization of operations agreements Mitsubishi Motors Corporation Mitsubishi Motors Corporation Mitsubishi Motors Corporation Contracting partner Company Incorporated in DaimlerChrysler AG Germany Contract details Contract dates • Master alliance agreement Parties agree to form an international alliance covering the design, development, production and distribution of passenger cars and light commercial vehicles. The alliance does not cover the two parties’ commercial vehicle operations or the new truck and bus company MMC is to establish. Signed 28 Jul 2000 Amended 8 Sep 2000 • Standstill agreement DaimlerChrysler agrees not to increase its holding of Mitsubishi Motors stock beyond 34 percent over the next three years without the approval of the Mitsubishi Motors board. Signed 28 Jul 2000 Amended 8 Sep 2000 • Securities subscription agreement (1) MMC to make a new issue of shares giving DaimlerChrysler AG a 34% equity stake in MMC after issue (share price JPY 405; total JPY 202.4 billion) (2) MMC to issue convertible bonds in a principal amount of JPY 21.3 billion to DaimlerChrysler Japan Holding, Ltd. Signed 28 Jul 2000 Amended 8 Sep 2000 Amended 28 Sep 2000 Signed 3 Oct 2001 DaimlerChrysler AG Germany DaimlerChrysler Holding Co., Ltd. Japan Nissan Motor Co. Japan • Memorandum of agreement In connection with MMC spinning off its automatic and continuously variable transmission operations into a new company, and merger of new company with JTT: JATCO TransTechnology (JTT) 1 Japan (1) Integration aimed at creating highly competitive and independent AT/CTV manufacturer supplying broad customer base in global market. (2) After spinning off AT and CVT operations, new company to become a fully-owned subsidiary of JTT. MMC to become shareholder in JTT. New subsidiary and JTT to merge eventually. • Reorganization agreement Agreements relating to spinning MMC AT and CTV operations off into new company, and its subsequent merger with JTT: Major alliances and contracts Contracting company Signed 25 Mar 2002 (1) MMC to spin off AT and CVT operations under law governing “Divisions for formation of new small-scale companies”. New company to be named Daimondmatic Co., Ltd. 2 (2) Diamondmatic and JTT to exchange shares. Mitsubishi Motors Corporation IBM Japan, Ltd. Japan • Memorandum of agreement In connection with outsourcing of MMC information technology operations to IBM Japan: Signed 7 Dec 2001 (1) The purpose of the alliance is to: raise the quality of IT operations in the MMC group as a whole, MMC and its IT subsidiaries included; raise the motivation level of employees engaged in IT work; and reduce costs. (2) The outsourcing alliance is premised on the transfer to IBM Japan of those assets, employees and rights possessed by MMC and by its subsidiaries MMC IT Solutions, MMC System Service and MMC Computer Research and that fall under the scope of the alliance agreement. (3) Before the execution of the outsourcing agreement, MMC and IBM Japan will conduct a detailed examination of all technologies, financial matters, personnel, contracts and other matters relating to the assets possessed by MMC’s subsidiaries and to the IT work they conduct. Note : 1 2 JATCO TransTechnology Ltd. renamed JATCO Ltd. on 1 April 2002 Diamondmatic Co., Ltd. (DMC) and JATCO signed a contract on 9 May 2002 agreeing to effect an exchange of shares which would make DMC a fullyowned subsidiary of JATCO. The exchange of shares was implemented on 1 July 2002 at a ratio of 1.31423 JATCO shares to one DMC share. 39 Project collaboration agreement Contracting company Contracting partner Company Incorporated in Mitsubishi Motors Corporation DaimlerChrysler AG Germany Mitsubishi Motor Sales Europe B.V. (consolidated subsidiary) Micro Compact Car smart GmbH Germany Contract details • Master collaboration agreement governing the running and management of a new compact model project. Contract dates Signed 13 Oct 2001 Supply contract Contracting company Mitsubishi Motors Corporation Contracting partner Company Incorporated in Mazda Japan Contract details • OEM supply of light commercial vehicles for Japanese market for four years commencing October 1999. Contract dates Signed 18 Jun 1999 Technical assistance, capital participation, supply contracts Major alliances and contracts Contracting company Mitsubishi Motors Corporation Contracting partner Company Incorporated in Hyundai Motor Co. South Korea Contract details Contract dates • Technical assistance agreement TA relating to engines and transmissions for passenger car and light commercial vehicles. Signed Mar 1987 • Capital participation agreement MMC currently holds a 1.8% equity stake in Hyundai Motor Co. Signed Apr 1982 • Component and parts supply agreement Supply of components and parts for passenger cars. Signed Apr 1984 Technical assistance and supply contracts Contracting company Mitsubishi Motors Corporation Contracting partner Company Incorporated in Perusahaan Otomobil Nasional Bhd. (Proton) Malaysia Contract details • Agreements relating to the Malaysian National Car Project: – TA relating to vehicle development – TA relating to engine manufacture – TA relating to transmission manufacture – TA relating to casting – Parts supply contract Contract dates Signed Nov 1999 Signed Mar 1989 Signed Mar 1991 Signed Dec 1992 Signed Nov 1997 Technical assistance contract Contracting company Mitsubishi Motors Corporation 40 Contracting partner Company Incorporated in PSA Peugeot Citroen France Contract details • TA relating to engines Contract dates Signed Jan 1999 Joint venture contracts Contracting company Mitsubishi Motors Corporation Contracting partner Company Incorporated in Harbin Dong-an Engine Manufacturing Co. China Harbin Aircraft Manufacturing Co. China Harbin Dong-an Auto Engine Joint-Stock Ltd. China Contract details Contract dates • Establishment of Harbin Dong-An Mitsubishi Motors Engine Manufacturing Co., Ltd. in connection with automobile engine business in China. MMC has a 15.3% equity holding in this company. 30 years from Sep 1998 • Establishment of Shenyang Aerospace Mitsubishi Motors Engine Manufacturing Co., Ltd. in connection with automobile engine business in China. MMC has a 25.0% equity holding in this company. 30 years from Aug 1997 • Contract relating to running and management of Netherlands Car B.V. after the purchase by MMC of Volvo Car Corporation’s shareholding in Netherlands Car B.V. Signed 30 Mar 2001 Mitsubishi Corporation Japan Malaysia China Aerospace Automotive Ind. Grp. Co.* China Shenyang Construction Investment Co. China Mitsubishi Corporation Japan MCIC Holdings Sdn. Malaysia Mitsubishi Motors Corporation Volvo Car Corporation Sweden Mitsubishi Motors Corporation DaimlerChrysler Corporation USA Mitsubishi Motors Corporation Hyundai Motor Co. • Establlished Global Engine Alliance LLC in the United States to jointly develop in-line 4-cylinder gasoline engines. MMC has a 33.3% South Korea equity holding in this company Signed 5 May 2002 Major alliances and contracts MCIC Holdings Sdn. Note: *China Aerospace Brilliance Automotive Co., Ltd. has replaced China Aerospace Automotive Ind. Grp. Co. as the contracting partner Lease contracts Contracting company Contracting partner Company Incorporated in Contract details Contract dates Mitsubishi Motors Corporation Mitsubishi Corporation Japan • Land leased and lease amount (1) Location 21-1 Shimo Maruko 4-chome, Ota-ku, Tokyo (2) Area: 78,034.81m2 (3) Lease amount: JPY 187.9 million (for 3 year lease) Mar 1999 to 29 Mar 2002 Mitsubishi Motors Corporation Canon Inc. Japan • Land leased and lease amount (1) Location 21-1 Shimo Maruko 4-chome, Ota-ku, Tokyo (2) Area: 21,311.52m2 (3) Lease amount: JPY 41.9 million (for 3 year lease) Mar 1999 to 30 Nov 2001 Mitsubishi Motors Corporation Mitsubishi Heavy Industries, Ltd. Japan • Land leased and lease amount (1) Location 10-5 Oye machi, Minato-ku, Nagoya (2) Area: 87,760.87 m2 (3) Lease amount: JPY 21.3 million (annually) 27 Mar 2000 to 30 Jun 2002 Mitsubishi Motors Corporation Mitsubishi Corporation Japan • MMC new office building (1) Location 10-5 Oye machi, Minato-ku, Nagoya (2) Term 10 years from completion of building, scheduled for March 2003. Signed Feb 2000 41 Subsidiaries and affiliates MMC affiliates in Japan MMC subsidiaries and other affiliates Company 42 Capitalization (JPY million) Business lines MMC share of voting rights Hokkaido Mitsubishi Motors Sales Co., Ltd. Sapporo Mitsubishi Motors Sales Co., Ltd. Iwamizawa Mitsubishi Motors Sales Co., Ltd. Kuchi Mitsubishi Motors Sales Co., Ltd. Asahikawa Mitsubishi Motors Sales Co., Dohoku Mitsubishi Motors Sales Co., Ltd. Iwate Mitsubishi Motors Sales Co., Ltd. Sendai Mitsubishi Motors Sales Co., Ltd. Fukushima Mitsubishi Motors Sales Co., Ltd. Fukuyo Mitsubishi Motors Sales Co., Ltd. Gunma Chuo Mitsubishi Motors Sales Co., Ltd. Tochigi Mitsubishi Motors Sales Co., Ltd. Tochigi Chuo Mitsubishi Motors Sales Co., Ltd. Minami Tochigi Mitsubishi Motors Sales Co., Ltd. Tsuchiura Mitsubishi Motors Sales Co., Ltd. 1,750 830 60 150 250 310 300 330 168 120 200 400 370 450 460 Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 Saitama Mitsubishi Motors Sales Co., Ltd. Chuo Mitsubishi Motors Sales Co., Ltd. Nishi Tokyo Mitsubishi Motors Sales Co., Ltd. Tokyo Mitsubishi Motors Sales Co., Ltd. Tokyo Kita Mitsubishi Motors Sales Co., Ltd. Tokyo Higashi Mitsubishi Motors Sales Co., Ltd. Kanagawa Mitsubishi Motors Sales Co., Ltd. Kawasaki Mitsubishi Motors Sales Co., Ltd. Higashi Kanagawa Mitsubishi Motors Sales Co., Ltd. Yokohama Chuo Mitsubishi Motors Sales Co., Ltd. Kanagawa Chuo Mitsubishi Motors Sales Co., Ltd. Tokyo Chuo Mitsubishi Motors Sales Co., Ltd. Yamanashi Mitsubishi Motors Sales Co., Ltd. Kofu Mitsubishi Motors Sales Co., Ltd. Matsumoto Mitsubishi Motors Sales Co., Ltd. Kita Shin Mitsubishi Motors Sales Co., Ltd. Matsumoto Chuo Mitsubishi Motors Sales Co., Ltd. Gifu Mitsubishi Motors Sales Co., Ltd. Shin Kayo Mitsubishi Motors Sales Co., Ltd. Ishikawa Mitsubishi Motors Sales Co., Ltd. Mikawa Mitsubishi Motors Sales Co., Ltd.1 Aichi Mitsubishi Motors Sales Co., Ltd. Kinki Mitsubishi Motors Sales Co., Ltd. Konan Mitsubishi Motors Sales Co., Ltd. Osaka Kita Mitsubishi Motors Sales Co., Ltd. Nishi Tottori Mitsubishi Motors Sales Co., Ltd. Yoneko Mitsubishi Motors Sales Co., Ltd. Okayama Mitsubishi Motors Sales Co., Ltd. Shin Okayama Mitsubishi Motors Sales Co., Ltd. Hiroshima Chuo Mitsubishi Motors Sales Co., Ltd. Shimane Mitsubishi Motors Sales Co., Ltd. Matsue Mitsubishi Motors Sales Co., Ltd. Shin Yamaguchi Mitsubishi Motors Sales Co., Ltd. Matsuyama Mitsubishi Motors Sales Co., Ltd. Oita Mitsubishi Motors Sales Co., Ltd. Miyazaki Chuo Mitsubishi Motors Sales Co., Ltd. Nagasaki Mitsubishi Motors Sales Co., Ltd. Kagoshima Chuo Mitsubishi Motors Sales Co., Ltd. 500 734 1,940 2,800 1,800 800 900 870 400 85 240 1,330 460 350 440 300 120 100 180 330 50 630 1,010 180 50 90 40 28 621 250 200 70 220 330 170 220 300 183 Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales 100.0 100.0 100.0 (100.0) 100.0 (100.0) 100.0 (100.0) 100.0 (100.0) 100.0 100.0 100.0 (60.0) 100.0 100.0 100.0 100.0 100.0 100.0 99.5 100.0 (40.0) 81.9 100.0 100.0 50.0 100.0 100.0 100.0 100.0 100.0 100.0 (50.0) 50.7 96.7 (15.4) 96.0 97.2 100.0 (42.9) 100.0 100.0 100.0 88.6 100.0 98.9 Capitalization (JPY million) Hokkaido Mitsubishi Fuso Motors Sales Co., Ltd. Miyagi Mitsubishi Fuso Motors Sales Co., Ltd. Fukushima Mitsubishi Fuso Motors Sales Co., Ltd. Gunma Mitsubishi Fuso Motors Sales Co., Ltd. Tochigi Mitsubishi Fuso Motors Sales Co., Ltd. Ibaragi Mitsubishi Fuso Motors Sales Co., Ltd. Saitama Mitsubishi Fuso Motors Sales Co., Ltd. Tokyo Mitsubishi Fuso Motors Sales Co., Ltd. Chiba Mitsubishi Fuso Motors Sales Co., Ltd. Yamanashi Mitsubishi Fuso Motors Sales Co., Ltd. Nagano Mitsubishi Fuso Motors Sales Co., Ltd. Shizuoka Mitsubishi Fuso Motors Sales Co., Ltd. Nagoya Mitsubishi Fuso Motors Sales Co., Ltd. Mie Mitsubishi Fuso Motors Sales Co., Ltd. Hokuriku Mitsubishi Fuso Motors Sales Co., Ltd. Kyoshi Mitsubishi Fuso Motors Sales Co., Ltd. Osaka Mitsubishi Fuso Motors Sales Co., Ltd. Hyogo Mitsubishi Fuso Motors Sales Co., Ltd. Okayama Mitsubishi Fuso Motors Sales Co., Ltd.1 Hiroshima Mitsubishi Fuso Motors Sales Co., Ltd. Sanin Mitsubishi Fuso Motors Sales Co., Ltd. Yamaguchi Mitsubishi Fuso Motors Sales Co., Ltd. Nishi Shikoku Mitsubishi Fuso Motors Sales Co., Ltd. Kyushu Mitsubishi Fuso Motors Sales Co., Ltd. Nagasaki Mitsubishi Fuso Motors Sales Co., Ltd. Kumamoto Mitsubishi Fuso Motors Sales Co., Ltd. Minami Kyushu Mitsubishi Fuso Motors Sales Co., Ltd. Hokkaido Mitsubishi Motors Parts Sales Co., Ltd. Tohoku Mitsubishi Motors Parts Sales Co., Ltd. Michinoku Mitsubishi Motors Parts Sales Co., Ltd. Kita Kanto Mitsubishi Motors Parts Sales Co., Ltd. Saitama Mitsubishi Motors Parts Sales Co., Ltd. Tokyo Mitsubishi Motors Parts Sales Co., Ltd. Higashi Kanto Mitsubishi Motors Parts Sales Co., Ltd. Kanagawa Mitsubishi Motors Parts Sales Co., Ltd. Shinetsu Mitsubishi Motors Parts Sales Co., Ltd. Hokuriku Mitsubishi Motors Parts Sales Co., Ltd. Higashi Chugoku Mitsubishi Motors Parts Sales Co., Ltd. Nishi Chugoku Mitsubishi Motors Parts Sales Co., Ltd. Shikoku Mitsubishi Motors Parts Sales Co., Ltd.1 Pajero Manufacturing Co., Ltd. Pabco Co., Ltd. Kinki Pabco Co., Ltd. Mitsubishi Automotive Techno-Metal Co., Ltd. Mitsubishi Automotive Bus Manufacturing Co., Ltd. Ryowa Sheet Metal Processing Co., Ltd. Ryowa Syatai-Kogyo Co., Ltd. Ryoji Yohin Sales Co., Ltd. 1,410 500 790 900 900 500 570 3,450 900 350 650 750 350 800 650 900 1,460 1,000 100 1,350 550 240 620 1,620 126 300 700 150 200 200 200 60 200 200 100 200 150 150 150 100 610 600 40 1,940 6,400 150 148 20 Mitsubishi Motors Used Car Sales Co., Ltd. Mitsubishi Automotive Techno-Service Co., Ltd. Mitsubishi Motors Training Center Co., Ltd. 300 400 750 Mitsubishi Automotive Logistics Co., Ltd. Mitsubishi Automotive Engineering Co., Ltd. 300 450 Business lines MMC share of voting rights Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile parts Automobile parts Automobile parts Automobile parts Automobile parts Automobile parts Automobile parts Automobile parts Automobile parts Automobile parts Automobile parts Automobile parts Automobile parts Automobile and parts manufacture, sales Manufacture, sales of automobile bodies Manufacture, sales of automobile bodies Manufacture, sales of cast and forged parts Manufacture, sales of automobiles and parts Manufacture, sales of auto parts Manufacture, sales of automobile bodies Sales of automobile accessories, air conditioners Auction sales of used automobile Automobile servicing Vehicle mechanic school; training for service mechanics Vehicle transportation contractor Design and testing of automobiles and parts 100.0 100.0 90.0 86.9 100.0 100.0 95.3 100.0 100.0 100.0 100.0 86.7 80.0 100.0 100.0 100.0 100.0 100.0 50.0 100.0 100.0 95.8 100.0 100.0 95.2 100.0 100.0 90.0 (45.0) 62.0 (15.0) 61.0 (11.0) 75.0 (25.0) 90.4 (32.7) 100.0 (30.0) 66.0 (20.0) 100.0 (44.4) 51.0 (16.0) 52.0 (17.0) 83.0 (43.0) 55.0 (5.0) 50.0 66.6 100.0 90.0 (90.0) 100.0 100.0 100.0 100.0 (0.8) MMC subsidiaries and other affiliates Company 100.0 100.0 100.0 100.0 75.0 100.0 43 Company Capitalization (JPY million) MMC Computer Research, Ltd. 30 MMC Test & Drive Corporation AVA Design Co., Ltd. MMC IT Solution Co., Ltd. 50 100 100 MMC System Service Co., Ltd. 50 Ryomei Estec Co., Ltd. 46 Ryokei Estec Co., Ltd. 138 Ryosui Estec Co., Ltd. 168 Ryoto Estec Co., Ltd. 70 Meiryo Securities Co., Ltd. Ryomei Catering Co., Ltd. Kyoryosangyou Corporation Suiryo Service Co., Ltd. Mizushima Kokusai Kaikan Co., Ltd. Ralliart Inc. MMC International Corporation 10 10 20 12 135 54 40 Business lines Development, design, management of computer software Durability road testing, vehicle servicing Automobile design Planning and development of information systems Planning and development of information systems Facility construction and management; travel agency Facility construction and management; travel agency Facility construction and management; travel agency Facility construction and management; travel agency In-plant security, safety and fire-fighting Meal catering Transportation of auto parts Assembly and transport of auto parts Hotel operations and office leasing Motorsport planning and organization Imports of automobiles and parts MMC share of voting rights 100.0 100.0 100.0 100.0 85.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 57.7 (9.6) 100.0 100.0 MMC subsidiaries and other affiliates Major consolidated subsidiaries outside Japan Company Incorporated Capitalization in Netherlands Car B.V. (NedCar)2 Netherlands EUR 250 m Mitsubishi Motors Europe B.V. (MME)3,4 Mitsubishi Motor Sales Europe B.V. (MMSE) Mitsubishi Motor Marketing Research Europe GmbH (MMRE) Mitsubishi Motor R&D of Europe GmbH (MRDE) Mitsubishi Motor Sales Netherlands B.V. Mitsubishi Motor Sales Sweden AB Mitsubishi Motor Sales Denmark AS (MMSD) Mitsubishi Motor Sales France Mitsubishi Trucks Europe-Sociedade Europeia de Automobilemoveis, S.A. (MTE) Mitsubishi Motors America Inc. (MMA)2,4 Mitsubishi Motors R&D of America, Inc. (MRDA) Netherlands Netherlands Germany EUR 53 m EUR 1.6 m DEM 700,000 Germany EUR 767,000 Netherlands Sweden Denmark France Portugal EUR 6.8 m SNK 52 m DKK 66 m EUR 310,000 EUR 7.5 m USA USA USD 5.7 m USD 2 m USA USA MMC share of voting rights Manufacture, sales of automobiles and parts 100.0 (15.0) Holding company 100.0 Importing, exporting, sales of automobiles 100.0 (100.0) Market research, information gathering 100.0 (100.0) Product development, design, testing, certification Automobile sales Automobile importing, sales Automobile importing, sales Automobile importing, sales Manufacture, sales of automobiles 100.0 (100.0) 100.0 100.0 (100.0) USD 261 m USD 260 m Market research, logistic support Product development, design, testing, certification Importing, sales of automobiles Automobile financing, leasing 100.0 (100.0) 99.0 Mitsubishi Motor Sales of America, Inc. (MMSA)2 Mitsubishi Motors Credit of America, Inc. (MMCA) Mitsubishi Motor Sales of Canada, Inc. Mitsubishi Motor Manufacturing of America, Inc. (MMMA) Mitsubishi Fuso Truck of America, Inc. (MFTA) Mitsubishi Motor Sales of Caribbean, Inc. (MMSC) MMC Holding New Zealand Ltd. Mitsubishi Motors New Zealand Ltd. (MMNZ) Mitsubishi Motors Australia, Ltd. (MMAL)2 Mitsubishi Trucks Australia Pty., Ltd. (MMAL) MMC International Finance (Netherlands) B.V. Canada USA CAD 2 m USD 88.75 m Automobile importing, sales Manufacture, sales of automobiles USA Puerto Rico USD 10 m USD 13.5 m Automobile importing, sales Automobile importing, sales New Zealand New Zealand Australia Australia Netherlands NZD 48 m NZD 38.2 m AUD 279 m AUD 7 m EUR 136,000 Mitsubishi Motors Philippines Corp. (MMPC) Asian Transmission Corp. (ATC) MMC Sittipol Co., Ltd. (MSC)2 MMC Engine Co., Ltd. Mitsubishi Motor Parts Sales of Gulf F2E Philippines Philippines Thailand Thailand U.A.E. PHP 1,640 m PHP 350 m THB 16,145 m THB 20 m UAD 10 m Holding company Automobile importing, sales Automobile importing, assembly, sales Automobile importing, sales Procurement of funds, group company financing Automobile importing, assembly, sales Manufacture, sales of automobile parts Automobile importing, assembly sales Manufacture of automobile engines Importing, sales of automobile panels Note: MMC has 32 other affiliates outside Japan in addition to the above. 44 Business lines 100.0 (100.0) 100.0 (100.0) 100.0 (100.0) 100.0 (100.0) 99.7 100.0 100.0 (100.0) 100.0 100.0 100.0 100.0 (100.0) 100.0 100.0 100.0 51.0 84.7 (79.4) 99.9 99.0 (99.0) 100.0 Equity method affiliates in Japan Capitalization Hokkaido Mitsubishi Motors Sales Co., Ltd. Muran Mitsubishi Motors Sales Co., Ltd. Tokachi Mitsubishi Motors Sales Co., Ltd. Morioka Mitsubishi Motors Sales Co., Ltd. Ibaragi Mitsubishi Motors Sales Co., Ltd. Meihoku Mitsubishi Motors Sales Co., Ltd. Mie Mitsubishi Motors Sales Co., Ltd. Kagawa Mitsubishi Motors Sales Co., Ltd. Iyo Mitsubishi Motors Sales Co., Ltd. UwajimaMitsubishi Motors Sales Co., Ltd. Miyazaki Mitsubishi Motors Sales Co., Ltd. Hakodate Mitsubishi Motors Sales Co., Ltd. Kanagawa Mitsubishi Fuso Motors Sales Co., Ltd. Mizushima Industries Co., Ltd. Suiryo Plastics Co., Ltd. Nanba Press Industries Co., Ltd. Heian Manufacturing Co., Ltd. Wako Industries Co., Ltd. Mitsubishi Automobile Credit-Lease Corporation Rakusaikamotujidousha Corporation Fuso Transport Co., Ltd. Nimura Design Co., Ltd. Ryoin Co., Ltd. 280 100 60 248 30 70 58 50 30 30 60 146 60 64 100 150 60 312 960 Business lines MMC share of voting rights Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Automobile sales Manufacture, sales of automobile parts Manufacture, sales of automobile parts Manufacture, sales of automobile parts Manufacture, sales of automobile parts Manufacture, sales of automobile parts Auto sales financing, leasing, rentals 30 18 48 1,000 29.0 29.0 (29.0) 35.0 21.5 40.0 28.6 24.8 23.0 22.2 26.7 38.8 28.0 (14.0) 43.8 43.8 50.0 20.0 33.3 21.3 43.3 Transportation and warehousing Forwarding and transportation of automobiles Automobile styling and design Printing, video and other media and data services 40.0 21.7 48.7 20.0 MMC subsidiaries and other affiliates Company Major equity method affiliates outside Japan Company Incorporated Capitalization in Business lines MMC share of voting rights Mitsubishi Motors do Portugal S.A. MMC Automoviles Espana S.A. P.T. Mitsubishi Krama YudhaMotors & Manufacturing Vina Star Motors Corp. Portugal Spain Indonesia PTE 3,313 m ESP 200 m IDR 11,451 m Importing, sales of automobiles Importing, sales of automobiles Manufacture, sales of automobile parts Vietnam VND 16 m Kuala Lumpa (Malaysia) Sendrian Bnd Malaysia MYD 2 m Manufacture and marketing of automobiles Holding company 50.0 (50.0) 50.0 (50.0) 32.3 25.0 25.0 Note: MMC has 4 other affiliates outside Japan in addition to the above. Other major related companies Company Incorporated Capitalization in Mitsubishi Heavy Industries, Ltd. Japan JPY 265,608 m DaimlerChrysler AG. Germany EUR 2,609 m Business lines Share of voting rights in MMC Manufacture, sales of ships, motors, machinery, steel, airplanes Manufacture, sales of automobiles and other transportation equipment 16.9 37.3 1 While equity holding is less than 50/100, affiliate is listed as a subsidiary because MMC controls the company. Corresponds to a “Special subsidiary” under Japanese tax law. 3 MMC affiliate with serious excess liabilities, amount is as follows: Mitsubishi Motors Europe B.V. (consolidated subsidiary) JPY 158,838 m 4 Net sales at Mitsubishi Motors Europe B.V and Mitsubishi Motor Sales of America, Inc. exceed 10% of MMC consolidated net sales (intra-company sales between consolidated companies excluded) Note: Figures in parentheses in the MMC share of voting rights column indicate indirect shares. 2 45 Milestones Company history Mitsubishi Motors Corporation was established as a fully-owned subsidiary of Mitsubishi Heavy Industries, Ltd. on April 22 1970. MMC began operating on June 1 1970 when MHI’s automotive division was formally transferred to it. Date 1884 July: Major milestones Mitsubishi founder Yataro Iwasaki enters shipbuilding business, leasing Nagasaki Shipbuilding Docks from the Ministry of Works and naming it The Nagasaki Shipyard. Milestones Mitsubishi Heavy Industries, Ltd. 1893 December: Iwasaki establishes the Mitsubishi Goshi Kaisha (The Mitsubishi Company.) 1917 October: Shipbuilding division split off from Mitsubishi Goshi Kaisha to form Mitsubishi Shipbuilding Co. Ltd. 1934 April: Mitsubishi Shipbuilding renamed Mitsubishi Heavy Industries Co., Ltd. 1949 December: Fuso Auto Sales Co. established. (Renamed Mitsubishi Fuso Motors in June 1952.) 1950 January Mitsubishi Heavy Industries dissolved into three separate companies under the Elimination of Excessive Concentration of Economic Power Act (1947): East Japan Heavy Industries, Ltd., Central Japan Heavy Industries, Ltd. and West Japan Heavy Industries, Ltd. 1952 May: Central Japan Heavy Industries and West Japan Heavy Industries renamed Shin Mitsubishi Heavy Industries, Ltd., and Mitsubishi Shipbuilding and Engineering Co., Ltd. respectively June: East Japan Heavy Industries renamed Mitsubishi Nippon Heavy Industries, Ltd. 1954 May: Ryowa Auto Sales Co. established. (Renamed Shin Mitsubishi Motor Sales Co. in May 1963.) 1964 June: Mitsubishi Nippon Heavy Industries, Shin Mitsubishi Heavy Industries and Mitsubishi Shipbuilding and Engineering merged into Mitsubishi Heavy Industries, Ltd. 1970 February: MHI signs joint-venture agreement with Chrysler Corporation. 1970 April: Mitsubishi Motors Corporation incorporated as wholly-owned subsidiary of MHI. June: MMC starts business taking over MHI motor vehicle division operations. MHI’s Kyoto Works (certain facilities), Kawasaki Motor Vehicle Works (renamed Tokyo Motor Vehicle Works in the same month) and Mizushima Motor Vehicle Works transferred from MHI to MMC. 1972 January Mitsubishi Rented Car, Inc. established in joint-venture between Mitsubishi Corporation, Mitsubishi Motor Sales Co. (established through merger of Mitsubishi Fuso Motors and Shin Mitsubishi Motor Sales Co. in October 1964) and Avis Rentacar System, Inc. (Renamed Mitsubishi Auto Lease Co., Ltd. in October 1984 and Mitsubishi Auto Credit-Lease Corporation in July 1988.) 1975 February: MMC commissions Tokyo Motor Vehicle Works-Nakatsu Plant. 1977 August: MMC commissions Nagoya Motor Vehicle Works-Okazaki Plant. 1979 December: MMC commissions Kyoto Works-Shiga Plant. 1980 June: October: MMC commissions Kitsuregawa Proving Ground. MMC and Mitsubishi Corporation jointly establish Mitsubishi Motors Australia Ltd. (MMAL is currently a consolidated subsidiary of MMC.) 1981 December: MMC and Mitsubishi Corporation jointly establish Mitsubishi Motors Sales of America, Inc. (MMSA is currently a consolidated subsidiary of MMC.) 1984 October: MMC takes over management of Mitsubishi Motor Sales Co., Ltd. and renames it Ryoji Corporation. 1985 April: MMC and Mitsubishi Corporation jointly establish Mitsubishi Fuso Truck of America, Inc. (MFTA. MMC subsequently acquired all MFTA shares in December 1990; MFTA is currently a consolidated subsidiary of MMC.) October: MMC establishes Diamond-Star Motors Corporation (DSM). in a joint-venture agreement with Chrysler Corporation, (Renamed MMSA in 1995; currently a consolidated subsidiary of MMC.) 1988 December: MMC shares listed on First Section of Tokyo, Osaka and Nagoya stock exchanges. 1989 March: Company shares listed on Kyoto, Hiroshima, Niigata, Fukuoka and Sapporo stock exchanges. 1991 October: MMC purchases all Chrysler-owned shares in Diamond-Star Motors. November: MMC acquires 33.3% stock (15% stake held by MMC affiliates included) of Volvo Car B.V. (renamed Netherlands Car B.V. in August 1991) under terms of shareholders’ agreement (signed in August 1991) with the Dutch State and Volvo Car Corp. relating to joint-venture production of passenger cars in the Netherlands. 1993 March: 46 MMC establishes Mitsubishi Motor Sales Europe B.V. (MMSE is currently a consolidated subsidiary of MMC.) Date Major milestones 1995 July: DSM renamed Mitsubishi Motor Manufacturing of America, Inc. 1996 November: MMC commissions Tokachi Proving Ground in Hokkaido. 1999 February: MMC acquires half of the Dutch government’s 16.7% holding in Netherlands Car B.V, bringing its equity interest up to 50% (15% stake held by MMC affiliates included.) June: Nagoya Motor Vehicle Works, Mizushima Motor Vehicle Works and Tokyo Motor Vehicle Works renamed Nagoya Plant, Mizushima Plant and Tokyo Plant respectively. October: MMC and AB Volvo enter equity and operational alliance. December: MMC and AB Volvo sign strategic operational alliance covering trucks and buses. MMC and DaimlerChrysler AG sign letter of intent to form an equity and operational alliance covering all aspects of passenger car business. April: Kyoto Plant-Yagi CVT production facility commissioned. July: MMC signs Master Alliance Agreement with DaimlerChrysler AG covering passenger car operations. 2001 March: MMC acquires AB Volvo’s 50% stake in Netherlands Car B.V., thereby increasing its equity interest to 100% (15% stake held by MMC affiliates included. Netherlands Car B.V. is currently an MMC subsidiary.) April: MMC replaces AB Volvo with DaimlerChrysler as its strategic alliance partner in truck & bus sector. May: MMC renames Tokyo Plant the Truck & Bus Production Office (Kawasaki Plant for external purposes.) 2002 March: April: MMC enters agreement with Nissan Motors and JATCO TransTechnology Ltd. (JTT; renamed JATCO Ltd. in April 2002) to integrate MMC and JTT automatic and CV transmission operations. Milestones 2000 March: MMC spins off AT and CVT operations into a separate company, incorporating them as Diamondmatic Co., Ltd. Following this, MMC transfers its Kyoto Plant-Yagi facilities to Diamondmatic Co., Ltd. MMC chairmen and presidents over the years Mitsubishi Motors Corporation Chairman Mitsubishi Motor Sales Co., Ltd. President 22 Apr 1970 Yuji Sato 30 May 1973 Tomio Kubo Chairman 15 Jan 1976 29 Jun 1979 30 Jun 1983 Tomio Kubo Teruo Tojo Tomio Kubo President 31 Jan 1970 Yuji Sato 29 Nov 1974 Tomio Kubo 15 Jan 1976 Eiji Yokoyama 29 Jun 1979 Yoshitoshi Sone 30 Jun 1981 Teruo Tojo 29 Jun 1981 Eiji Yokoyama 29 Jun 1981 Masao Suzuki 30 Jun 1983 Toyoo Tate 29 Jun 1983 Masao Suzuki 29 Jun 1983 Toshiharu Tanaka Mitsubishi Motors Corporation Chairman 1 President Oct 1984 Toshiharu Tanaka 27 Jun 1985 Yoshisada Okano 29 Jun 1989 Toyoo Tate 29 Jun 1989 29 Jun 1995 Hirokazu Nakamura 29 Jun 1995 Nobuhisa Tsukahara 27 Jun 1996 Takemune Kimura 27 Nov 1997 Katsuhiko Kawasoe 27 Nov 1997 Takemune Kimura 1 1 25 Jun 2002 Takashi Sonobe Oct 1984 Nov 2000 25 Jun 2002 Toyoo Tate Hirokazu Nakamura Takashi Sonobe Rolf Eckrodt 47 Derivation of MMC model names Major models Name Airtrek Coined from Air and Trek to describe its ability to transport its passengers on adventure-packed journeys in a free-as-a-bird manner. Aspire From the English. Bravo Originally from Italian, an expression of admiration, congratulations. Canter From the English word describing the gait of a horse; a collected gallop which the horse is able to sustain over long distances. Just right for Mitsubishi’s range of thoroughbred small trucks. Carisma Coined from the Greek “kharisma” and English “charisma”: describing the god-given attribute of an almost magical power that attracts many followers. Chariot French for the battle chariot used in ancient Greece and the Roman empire. Grandis From the Latin for large or grand. Colt Young horse. Delica Coined from English DELIcately and CArry; to transport with care. Space Gear Reflects the generous “space” available for transporting large quantities of leisure and sports “gear”. Diamante From the Spanish; reflecting the company’s Three-Diamond logo, gives expression to “brilliant” and sparkling expectations. Dion Derived from Dionysus, the Greek god of wine and joy. Eclipse Undefeated 18th century English racehorse that won 26 races. Spyder Derivation of MMC model names Derivation and meaning Convertible. eK Wagon Coined from Japanese “e” (excellent) and “keiken” (experience). Fuso Used to refer to Japan in ancient Chinese texts: “The place where the sun rises in the Eastern Sea” Galant From the French “gallan, valiant”. Lancer A soldier of cavalry regiment armed with lance. Cedia Coined from the English CEntury and DIAmond. Legnum From the Latin “regnum” or kingdom: reflecting regal power and rank. Magna From Latin magnus: great, magnificent, superior. Minica Literally, minicar. Toppo Coined from English “top” (roof) and Japanese “noppo” (lanky). BJ Big Joy. Minicab Light cab-over vehicle with cargo bed. Mirage From the English (originally French) “mirage” Dingo Pajero From Bingo, with its “strike lucky” connotation; the B being replaced by the D in the Mitsubishi “Diamond” logo. Named after a mountain cat that inhabits the Patagonia plateau region in southern Argentina. iO Italian for I, me. Generates image of being easy to get to know, easy to drive; one’s very own Pajero. Mini All the features of its big brother Pajero in an easy-to-handle, highly maneuverable, compact and high economy package. RVR Recreational Vehicle Runner Sports Gear Ideal for transporting large items of leisure and sports equipment to beach, camp site or ski slope. Strada 48 Italian for road. Members of the Board (As of September 1, 2002) Title & Position Name Career in Brief Apr. 1964 Jun. 1970 Jun. 1998 Jun. 1999 Jun. 2000 Member of the Board (Representative Director) Chairman of the Board & Chief Business Ethics Officer Nov. 2000 Jun. 2002 • Joined Mitsubishi Heavy Industries, Ltd. • Joined MMC • Chairman of the Board of MMMA and MMSA • Managing Director - MMC • Board Member, Representative Director, SVP, SEO and Team Leader of International Alliance Promotion Team - MMC • President, CEO and Chief Business Ethics Officer (CBEO) - MMC • Board Member, Chairman of the Board and CBEO - MMC Apr. 1966 Jan. 1990 May.1992 Aug. 1996 • Joined Daimler-Benz AG • Director of Sales and Marketing, Passenger Cars - Mecedes-Benz AG • President - Mercedes-Benz do Brazil, S.A. • Deputy CEO and Chairman of the Board of Management - Adtranz (ABB Dec. 1998 Jan. 2001 Jun. 2002 • President and CEO - DaimlerChrysler Rail Systems • Board Member, EVP and COO - MMC • Board Member, President and CEO - MMC Takashi Sonobe 11/21/1940 Member of the Board (Representative Director) & Chief Executive Officer Rolf Eckrodt 6/25/1942 Member of the Board (Representative Director) Executive Vice President & Chief Operating Officer President - Mitsubishi FUSO Truck & Bus Company GmbH (Adtranz) Other assignments: 1999-2000 • Honorary Consul of Brazil in Potsdam/Germany 1999-2000 • Chairman of UNIFE (Union of European Railway Industries) 1993-1996 • Honorary Degree as Consulate of the Federal Republic of Germany in Brazil 1993-1996 • Vice President German/Brazil Chamber of Commerce, Sao Paulo, Brazil Apr. 1963 Jun. 1970 Jun. 1995 Jun. 1998 Jun. 2000 Apr. 2001 Jun. 2001 • Joined Mitsubishi Heavy Industries, Ltd. • Joined MMC • Board Member and Deputy CGM of Truck & Bus Development & Engineering Office - MMC • Managing Director - MMC • SVP and SEO - MMC / EVP and CGM of Planning & Administration Office - MFTB • SVP, SEO and COO - MMC / President - MFTB • Board Member, EVP and COO - MMC / President - MFTB Jun. 1973 May.2000 Oct. 2000 Apr. 2001 Jun. 2001 • Joined Chrysler Corporation • SVP - DaimlerChrysler Corporation • Board Member, SVP and SEO of International Car Operations - MMC • Board Member, SVP and SEO of International Car Operations - MMC • Board Member, SVP, Executive GM of International Car Operations and Corporate GM European Car Operations Office - MMC • Board Member, EVP and Executive CGM of International Car Operations Group Headquarters MMC Takashi Usami 7/20/1940 Member of the Board (Representative Director) Executive Vice President Executive Corporate General Manager of International Car Operations Group Headquarters Daimler-Benz Transportation GmbH) President Jun. 2002 Steven A. Torok 7/20/1951 Apr. 1978 Jul. 2000 Oct. 2000 Dec. 2000 Member of the Board (Representative Director) Executive Vice President Executive Corporate General Manager of Car Product Operations Group Headquarters Apr. 2001 Jun. 2001 Jun. 2002 Ulrich W. Walker • Joined Daimler-Benz AG • SVP - DaimlerChrysler AG • Board Member, SVP, SEO and CGM of Car Marketing Strategy Office - MMC • Board Member, SVP, SEO, CGM of Marketing Strategy Office, and CGM of Car Product Strategy Office - MMC • Board Member, SVP, SEO and Car R&D / Marketing - MMC • Board Member, SVP, SEO and Executive GM of Car R&D / Marketing - MMC • Board Member, EVP and Executive Corporate GM of Car Product Operations Group Headquarters - MMC 8/20/1951 Member of the Board (Representative Director) Apr. 1965 Jun. 1970 Jun. 1995 Executive Vice President Nov. 1996 Jun. 1997 Chief Financial Officer Junji Midorikawa 12/12/1940 1998 2000 2001 2001 2002 Apr. 1966 Jun. 1970 Apr. 2001 Jun. 2001 Jun. 2002 Member of the Board (Representative Director) Senior Vice President Executive Corporate General Manager of Global Production Headquarters Jun. Jun. Apr. Jun. Jun. Masanori Tani 10/29/1942 • Joined Mitsubishi Heavy Industries, Ltd. • Joined MMC • Deputy Executive GM of China Project Development Office and Assistant to CGM of Corporate Planning & Strategy Office - MMC • Assistant to CGM of Corporate Planning & Strategy Office and Assistant to CGM of China Business Office MMC • Deputy CGM of Corporate Planning & Strategy Office and Assistant to CGM of China Business Office MMC • Board Member and Assistant to EVP - MMC • SEO and CGM of Finance and Public Relations Offices - MMC • SEO and Chief Financial Officer - MMC • Board Member, SVP and CFO - MMC • Board Member, EVP and CFO - MMC • Joined Mitsubishi Heavy Industries, Ltd. • Joined MMC • EO and in charge of Car Production Headquarters - MMC • Board Member, SVP and Executive GM of Car Production Headquarters • Board Member, SVP and Executive CGM of Global Car Production Headquarters - MMC Title & Position Name Career in Brief Apr. 1966 Sep. 1990 Feb. 1993 Dec. 1995 Apr. 1998 May.2002 Jun. 2002 Member of the Board (Representative Director) Senior Vice President Executive Corporate General Manager of Domestic Car Sales & Marketing Headquarters • Joined Honda Motor Co., Ltd. • General Manager, Automobile Sales - Head Office • President - Honda Clio Saitama • Large Project Leader of Production Sales and Physical Distribution Project - Head Office • President - Ford Motor Company (Japan) Ltd. • Chairman - Ford Motor Company (Japan) Ltd. • Board Member, SVP and Executive Corporate GM of Domestic Car Sales & Marketing Headquarters - MMC Eiji Iwakuni 4/28/1942 1976 1988 1989 1995 1995 2000 2000 Member of the Board Manfred Bischoff • Joined Daimler-Benz AG (today: DaimlerChrysler AG) • Board Member and CFO - Mercedez-Benz do Brasil (Sao Paolo) • Board Member and CFO - Deutsche Aerospace AG, Dasa (today: EADS) • Board Member - Daimler-Benz AG (today: DaimlerChrysler AG) / President - Dasa (today: EADS) • Chairman of the Supervisory Board - MTU Aero Engines • Chairman of the Board - European Aeronautic Defence and Space Company (EADS) • Non-Executive Member of the Board - MMC (Serving concurrently as Chairman of the Supervisory Board - European Aeronautic Defence and Space Company AG) 4/22/1942 Member of the Board Apr. 1959 Jun. 1992 Jun. 1995 Jun. 1998 Jun. 1999 Jun. 2000 • Joined Shin Mitsubishi Heavy Industries, Ltd. • Board Member - Mitsubishi Heavy Industries, Ltd. • Managing Director - Mitsubishi Heavy Industries, Ltd. • EVP - Mitsubishi Heavy Industries, Ltd. • President - Mitsubishi Heavy Industries, Ltd. (continues to hold post today) • Board Member - MMC (Serving concurrently as President of Mitsubishi Heavy Industries, Ltd.) Apr. 1960 Jun. 1992 Jun. 1994 Apr. 1998 Jun. 2000 • Joined Mitsubishi Corporation • Board Member - Mitsubishi Corporation • Managing Director - Mitsubishi Corporation • President - Mitsubishi Corporation (continues to hold post today) • Board Member - MMC (Serving concurrently as President of Mitsubishi Corporation) Takashi Nishioka 5/3/1936 Member of the Board Mikio Sasaki 10/8/1937 EVP: SVP: SEO: EO: CGM: GM: Title & Position Name Auditor Executive Vice President Senior Vice President Senior Executive Officer Executive Officer Corporate General Manager General Manager MMMA: Mitsubishi Motor Manufacturing of America, Inc. MMSA: Mitsubishi Motor Sales of America, Inc. MFTB: Mitsubishi FUSO Truck & Bus Company Title & Position Name Auditor Mitsugu Nakabayashi President Bank of Tokyo-Mitsubishi Auditor Shigemitsu Miki 4/4/1935 7/15/1942 Auditor Hirao Iijima 10/14/1943 Managing Director Mitsubishi Heavy Industries, Ltd. Motoo Makita 2/19/1945 Title & Position Name Title & Position Name Senior Executive Officer Senior Executive Officer Vice President - Mitsubishi FUSO Truck & Bus Company In Charge of External Affairs Tadashi Ohmiya 9/29/1943 Senior Executive Officer Corporate General Manager of Corporate Controlling Corporate General Manager of Truck & Bus Production Office Mitsubishi FUSO Truck & Bus Company Joachim Coers Executive General Manager of Corporate Controlling 11/1/1963 Alexander Paufler In Charge of Environment & Recycle Affairs, Business Development Office 1/4/1953 11/9/1943 Corporate General Manager of Corporate Communications Office Christian Cahn v. Seelen 5/15/1965 General Manager of Internal & Net Communications Dept., Corporate Communications Office Corporate General Manager of Mergers & Acquisition Office Yoichi Yokozawa Senior Expert of Human Resources & Organization Office 4/24/1964 Executive Officer Corporate General Manager of Human Resources & Organization Office Corporate General Manager of Global IT Office Atsushi Ueba Bernd Staudinger 3/21/1963 Executive Officer Senior Executive Officer Kai-Uwe Seidenfuss Corporate General Manager of Car Product Design Office 7/23/1965 Olivier Boulay 8/9/1957 Executive Officer Senior Executive Officer In Charge of Corporate Marketing & Motor Sports Akira Kijima 12/2/1943 Car Product Planning & Program Management Office Colin Smith 6/30/1955 Executive Officer Senior Executive Officer Stefan Buchner Head of A&B Segment Competence Center, Car Research & Development Office 1/18/1960 Tetsuro Aikawa 4/17/1954 Executive Officer Senior Executive Officer Senior Vice President - Mitsubishi FUSO Truck & Bus Company Corporate General Manager of Truck & Bus Research & Development Office Mitsubishi FUSO Truck & Bus Company Shuichi Tsukada Chief Information Officer 9/14/1941 Corporate General Manager of Global Procurement & Supply Office 1/16/1965 8/10/1946 Senior Executive Officer Corporate General Manager of Car Research & Development Office Jochen Legewie Executive Officer Senior Executive Officer Corporate General Manager of Car Product Planning & Program Management Office Tadayoshi Juge Executive Officer Senior Executive Officer General Manager of TMB Preparation Office, Mergers & Acquisition Office Yoshihiro Murakami Executive Officer Senior Executive Officer Corporate General Manager of Business Development Office 1/1/1943 Executive Officer 12/23/1965 Corporate General Manager of Corporate Finance Hisashi Watanabe Akio Hanawa 1/27/1941 Head of C&D Segment Competence Center, Car Research & Development Office Hiroshi Kuroda 2/21/1953 Title & Position Name Title & Position Executive Officer Executive Officer Head of RV Segment Competence Center, Car Research & Development Office Corporate General Manager of Asia, Latin America, Middle East & Africa Office Jiro Imura 3/31/1944 Executive Officer Senior Expert of Car Research & Development Office Executive General Manager of Domestic Car Sales & Marketing Headquarters 10/28/1947 Executive Officer General Manager of Purchasing Planning Dept., Global Procurement & Supply Office Tohru Adachihara 3/12/1953 Executive Officer Yasuo Nakagawa Executive General Manager of Domestic Car Sales & Marketing Headquarters 11/27/1945 Executive Officer In Charge of Engineering Support for Oversea & Quality Conference, Global Production Headquarters Corporate General Manager of Quality Management Office and Safety Quality Auditor Akira Okamoto 2/24/1944 Executive Officer Plant General Manager of Nagoya Plant, Global Production Headquarters Corporate General Manager of Planning & Administration Office Mitsubishi FUSO Truck & Bus Company 1/18/1944 Executive Officer Executive Officer Plant General Manager of Kyoto Plant, Global Production Headquarters In charge of Quality Administration & Purchasing Mitsubishi FUSO Truck & Bus Company Seihachi Futase 8/16/1947 Executive Officer Executive Officer Plant General Manager of Mizushima Plant, Global Production Headquarters Corporate General Manager of Domestic Truck & Bus Sales Office Mitsubishi FUSO Truck & Bus Company Makoto Maeda 2/25/1945 Executive Officer Executive Officer Corporate General Manager of Car Production Planning & Engineering Office, Global Production Headquarters Executive Vice President - Mitsubishi Motors Europe B.V. ; Executive Vice President - Mitsubishi Motor Sales Europe B.V. and Executive Vice President - Netherlands Car B.V. Akihiko Ishikawa 2/4/1947 Executive Officer Executive Officer Corporate General Manager of Market Management Office Member of the Board SHENYANG AEROSPACE MITSUBISHI MOTORS ENGINE MANUFACTURING CO., LTD Kazuo Yoshida 10/17/1947 Executive Officer Susumu Yashima 1/3/1945 Michihiro Honda 1/27/1947 Executive Officer Masayuki Tanji Hideo Kimura 1/1/1949 Executive Officer Corporate General Manager of International Services Office Hideyasu Tagaya 11/7/1947 Executive Officer Hiromitsu Ando Name Michio Hori 3/10/1943 Tadashi Koshikawa 12/1/1942 Masayuki Nagano 3/7/1945 Koji Fujino 5/8/1942 Yoshinobu Tadai 12/13/1940 Copyright © 2002 All rights reserved by Mitsubishi Motors Corporation Head Office 33-8, Shiba 5-chome, Minato-ku, Tokyo, Japan 108-8410 Tel: 81-3-5232-7165 Fax: 81-3-5232-7747 www.mitsubishi-motors.co.jp Printed in Japan using recycled paper
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