Mitsubishi Motors Announces Production, Sales and Exports for February 2007.Tokyo, Japan, Mar 28, 2007 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - Mitsubishi Motors Mitsubishi Motors Corporation (三菱自動車工業株式会社 Corporation today announced global production, as well as domestic sales and export results for February 2007. Total global production came in at 114,724 units, 95.4 percent of last year's figure. Japanese production increased 6.0 percent year-on-year to 73,821 units, marking the fifth consecutive month of year-on-year growth due to increase in production volume of new Outlander and new Pajero models for overseas markets and new Delica D:5 model for Japanese market. Vehicle sales in Japan totaled 22,320 units, a 17.8 percent decline year-on-year. Registered vehicles charted sales of 8,552 units, 106.4 percent of the year-ago figure. Mini-car sales declined to 13.768 units, 72.0 percent year-on-year. Total sales for passenger cars were 83.7 percent year-on-year to 17,311 units, and commercial vehicle sales were 5,009 units, 77.5 percent of the same period last year. Overseas production totaled 40,903 units, 80.8 percent of the year-ago figure. European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. production came in at 4,984 units or 95.8 percent of the last year's figure. North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. production reached 6,650 units, 95.1 percent of the level seen last year. Asian production totaled 25, 698 units, a 25.6 percent decline from February 2006's levels, representing continued weakness in Asian markets such as Malaysia and Taiwan, where the economies are in long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. stagnation Stagnation A period of little or no growth in the economy. Economic growth of less than 2-3% is considered stagnation. Sometimes used to describe low trading volume or inactive trading in securities. Notes: A good example of stagnation was the U.S. economy in the 1970s. . Total exports from Japan increased to 41,029 units, 146.7 percent of the year-ago level, marking the fourth consecutive month of year-on-year volume increase. Exports to Europe increased to 13, 439 units, 129.8 percent of last year's figure due to continued favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. demand of new Pajero and new Outlander models. Exports to Asia came to 3,651 units, a 26.4 percent increase over the last-year period due to good sales of Lancer model in Singapore, Grandis and Outlander models in China. Exports to North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. rose to 7,458 units, 320. 1 percent of the February 2006 levels due to increase in export of new Outlander model and New Lancer models. For full details on Mitsubishi Motors' Production, Sales and Exports for February 2007 please visit: http://media.mitsubishi-motors.com/pressrelease/e/corporate/detail1609.html . About Mitsubishi Motors Corporation Mitsubishi Motors Corporation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 7211) was established in 1970 and is one of the few automobile companies in the world that produces a full line of automotive products ranging from 660-cc mini cars and passenger cars to commercial vehicles and heavy-duty trucks and buses. The company also operates consumer financing services and provides this to its customer base. For more information, please visit www.mitsubishi-motors.com . Source: Mitsubishi Motors Corporation Contact: Mitsubishi Motors Corporation Public Relations Department Tel: +81-3-6852-4275 FAX: +81-3-6852-5405 http://www.mitsubishi-motors.com/ Copyright [c] 2007 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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