Mitsubishi Motors Announces Production, Sales and Exports for October 2006

TOKYO - November 27, 2006: Mitsubishi Motors Corporation today announced global production, as well as domestic sales and export results for October 2006.

Total global production came in at 108,087 units, a decline of 6.3 percent from a year ago period. Japanese production increased 16.6 percent year-on-year to 68,389 units.

Total vehicle sales in Japan reached 18,154 units, a 22.2 percent rise over the October 2005 total, marking the eighteenth consecutive month of year-on-year sales gains. Registered vehicles charted sales of 5,285 units, 89.9 percent of the year-ago figure. Mini-car sales continued year-on-year growth increasing to 12,869 units, 143.4 percent of the total for October 2005. Sales of the new eK Wagon series and i models contributed to this growth. Total sales for passenger cars rose 41.6 percent year-on-year to 13,895 units, while commercial vehicle sales dropped to 4,259 units, 15.5 percent less than the same period last year.

Overseas production totaled 39,698 units, 70.0 percent of the year-ago figure. European production increased 32.6 percent to 5,670 units of last year's total due to good sales of Colt series. North American production came in at 9,425 units, a 6.9 percent rise year-on-year due to an increase in production of the Galant export model. Asian production totaled 21, 211 units, a 45.0 percent decline from October 2005's levels, representing continued weakness in Asian markets such as Indonesia, Malaysia and Taiwan, where economic conditions are not favorable for the industry.

Total exports from Japan declined to 27,411 units, 82.6 percent of the year-ago level. Exports to Europe decreased to 9, 488 units, 76.7 percent of the level seen last year due to lower sales of Pajero and Outlander (Airtrek) models which will undergo model changes this fiscal year. Exports to Asia came to 1,039 units, 31.0 percent of the last-year period due to unfavorable economic conditions in the countries mentioned above. Exports to North America rose to 3,514 units, 108. 7 percent of the October 2005 total due to healthy orders of the new Outlander model in the U.S. market.

For full Mitsubishi Motors October statistics, please visit the company website at http://media.mitsubishi-motors.com/pressrelease/e/corporate/detail1559.html .