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Home > Company Index > Automotive & Transport Equipment > Auto Manufacturers > Mitsubishi Motors Corporation

Mitsubishi Motors Corporation
 NEWS FROM THE STANDARD
New American Dreamer
Jun 19 2000 12:00 AM PDT

 PROFILE
Mitsubishi Motors Corporation, the fourth-largest automaker in Japan, has had its pedal to the metal in hot competition with Toyota, Honda, and Nissan. Now it's getting some big-name help -- DaimlerChrysler has acquired a 34% stake in the company. Part of the Mitsubishi Group (Mitsubishi Heavy Industries owns a 17% stake), Mitsubishi Motors makes passenger cars that include the Galant, Aspire, and Eclipse models; the Montero SUV; and buses, trucks, and other light commercial vehicles. The company, which sells about 60% of its vehicles in Japan, has announced plans to cut about 9,500 jobs by 2004. Mitsubishi has also announced plans to strengthen its alliance with DaimlerChrysler.

 COMPETITION
Honda Motor Co., Ltd. (HMC)
Nissan Motor Co., Ltd. (NSANY)
Toyota Motor Corporation (TM)

 FINANCIAL OVERVIEW
Fiscal Year-End: March
2000 Sales (mil.): 31,608.90
1-Yr. Sales Growth: 17.8%
Employees: 25,846
Revenue per employee: $1,222,970.67

 KEY PEOPLE
• Takashi Sonobe
    CEO
• Fumikazu Yokogawa
    CFO

 CONTACT INFO
5-33-8 Shiba, Minato-ku
Tokyo 108-8410, Japan
Phone: 81-3-3456-1111
Fax: 81-3-5232-7731
Online: Web Site

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