Mitsubishi 2001 Annual Report Download - page 23

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MITSUBISHI MOTORS CORPORATION Annual Report 2001 [21]
A return to the black, however, does not by itself constitute a complete turnaround.
We shall deem our operations to have fully turned around only when we put in place
a system that will maintain profitability for years to come. In that sense we have only
completed the first phase in a greater worldwide effort. To remain profitable we must
actively introduce new products and promote research and development with regard
to environmentally-friendly technologies.
Doing so requires a strategic alliance of truly global scale. Currently, MMC is explor-
ing all possible avenues under its new alliance with DC, such as how we can harness
winning synergies and in which areas we can work together most effectively. Priority
has therefore been given to the establishment of a joint marketing system in Europe
for the Canter truck series to ensure a smooth transition from AB Volvo’s sales
channel to DC’s by the end of November, and to the joint development of mid-sized
trucks. Moreover, the two companies are discussing possible collaboration in many
other areas.
Regarding the spin-off of the Truck & Bus Division, which has been involved in the
review process since last year, we will not seek separation with blind abandonment of
the issues involved. Together with DC we will examine optimal business models for
Truck & Bus operations as we discuss collaborative projects.
* PPC (Production Parts and Components)
Of the KD (knocked down) assemblies exported overseas, those valued at less than
60% of their corresponding fully assembled vehicles are classified as PPC.