Mitsubishi 2000 Annual Report Download - page 2

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Globalization, the technology-driven process that is
bringing increases in trade and capital flows across
national boundaries, is today advancing at an acceler-
ating pace. As part of this process, the auto industry is
being swept by a regrouping maelstrom as member
companies seek to reduce costs and raise efficiencies
by maximizing utilization of innovations in advanced
safety and environmental technologies, and of
Technology.
Mitsubishi Motors Corporation is also undergoing a
substantial transformation as the recent formation of
two major alliances marks 2000 as the year in which
the Company moves decisively away from a traditional
Japan-centric to a more global-oriented management
model.
In its passenger car operations, the Company has
entered an equity partnership with DaimlerChrysler that
places them third in combined worldwide sales. Under
the alliance, the two companies will maximize profits
through collaboration in development, production and
sales in North America, Europe and Asia.
In its commercial vehicle business, the Company
has entered an equity partnership with AB Volvo and
will be collaborating with the Swedish company in the
fields of development, production and sales as one of
the world's leading groups in this sector.
The way nations and corporations approach envi-
ronmental issues in the 21st century will have a major
influence on the future of mankind. Returning fuel
consumption of just 3 liters for every 100 km driven, the
"Z-car" to be developed jointly by MMC and
DaimlerChrysler will help offset global warming and re-
duce exhaust emissions.
MMC is actively discharging its obligations and
responsibilities as a global corporate citizen by working
to reduce environmental loads and conserve natural
resources; both through its products and corporate
activities. Spearheading MMC's potent arsenal of
environmental technology, the Company's own GDI
(gasoline direct injection) engine is the most effective
immediately-applicable environmental technology avail-
able today. This revolutionary power unit achieves
unsurpassed fuel efficiency on its own, and realizes
further eco-friendly synergies when mated with CVT
and other peripheral components in the GDI Sigma
powertrain series.
Contents
Highlights 1
We're connected! 2
The board 7
Heart Beat 21 8
On the analyst's couch:2000 12
Environmental stewardship & technology 18
New models 26
Operational review 28
Financial review 38
Consolidated balance sheets 42
Consolidated statements of operations 44
Consolidated statements of stockholders' equity 45
Consolidated statements of cash flows 46
Notes to consolidated financial statements 47
Report of the independent public accountants 59
Corporate information 60
Financial summary 64
The report is printed on recycled and recyclable paper.