Mitsubishi Motors Announces 2002 Model Prices

    CYPRESS, Calif., Aug. 16 Mitsubishi Motors Sales of
America, Inc. (MMSA) today announced suggested retail pricing for most
2002 models, including the all-new Lancer sedan.  Providing extraordinary
value for consumers, the prices reflect an increase that averages less than
one percent per model over the previous year.

    The Manufacturer's Suggested Retail Prices (MSRPs) announced today include
pricing information for the Mitsubishi Lancer, which provides drivers with the
comfort, style and performance of a mid-sized sedan -- but the price of a
compact.  The all-new vehicle will come roaring into dealer showrooms this
fall.

    "The Lancer offers a very appealing package to young people and new
families," said Pierre Gagnon, president and chief operating officer of
Mitsubishi Motor Sales of America.  "Our brand connects very well with young
buyers, and we expect the Lancer will only strengthen that position."

    The 2002 Lancer will be available in three distinct models and each will
have a unique personality.  The ES serves as the value leader of the Lancer
family.  The LS incorporates more luxurious appointments and a premium look.
The OZ Rally edition incorporates race-inspired appearance enhancements for a
sporty look and feel.  All three models are powered by a Mitsubishi 2.0 liter,
16-valve, 4-cylinder engine that provides 120 horsepower and 130 lb.-ft. of
torque.

    The Manufacturer's Suggested Retail Price (MSRP) for MMSA's 2002 product
line is as follows:

    The Mirage Coupe will range from a base price of $11,937 to a fully-loaded
price of $17,417.  The vehicle is available with either 5-speed manual or
4-speed automatic transmission, and available options include
air-conditioning, power sunroof, power windows and door locks, 100-watt audio
system with four speakers, 14-inch alloy wheels, and sport gauges, fog lights
and rear spoiler.

    The all-new Mitsubishi Lancer will range from a base price of $13,897 to a
fully-loaded price of $16,697.  The vehicle is available with either 5-speed
manual or 4-speed automatic transmission.  Available options include remote
keyless entry, fold-down rear seatback, anti-lock braking system and front
side air bags.

    The Eclipse coupe will range from a base price of $18,087 to a
fully-loaded price of $25,287.  The vehicle is available with either 5-speed
manual, 4-speed automatic or 4-speed Sportronic(TM) transmission.  Available
options include 210-watt premium audio system with seven speakers, power
sunroof, security alarm system, leather front seating surfaces, 12-way
adjustable driver seat, dual front side air bags, anti-lock braking system,
compass and temperature display, and traction control.

    The Eclipse Spyder will range from a base price of $23,617 to a
fully-loaded price of $29,247.  The vehicle is available in either 5-speed
manual or 4-speed Sportronic(TM) transmission.  Available options include
210-watt premium audio systems with seven speakers, dual front-side air bags,
anti-lock braking system, leather front seating surfaces, power driver's seat
and traction control system.

    The Galant sedan will range from a base price of $17,707 to a fully-loaded
price of $24,245.  The vehicle has a 4-speed automatic transmission.
Available options include heated sideview mirrors and traction control system,
leather seating surface and shift knob, power driver's seat, power sunroof and
anti-lock braking system.

    The Montero Sport will range from a base price of $22,777 to a
fully-loaded price of $32,887.  The vehicle has 4-speed automatic transmission
in either 2WD or A4WD(TM) models.  Available options include tinted windows,
remote keyless entry, power sunroof, 210-watt premium audio system, leather
seating surfaces, and limited-slip rear differential.

    The Montero will range from a base price of $31,687 to a fully-loaded
price of $36,997.  The vehicle is available with either 4-speed automatic /
part-time 4WD transmission, or 5-speed Sportronic(TM) / Active Trac(TM)
transmission.  Available options include power sunroof with tilt-feature,
175-watt premium audio system with seven speakers, limited-slip rear
differential, and rear air conditioning and heating with mid-cabin controls.

    These Manufacturer's Suggested Retail Prices (MSRPs) do not include
destination and delivery charges, state or local tax and license fees,
promotional or other dealer charges.