Mitsubishi 2002 Annual Report Download - page 34

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32
22,000 units; and in France, total sales rose 4.9% to 2,854,000 units, while sales of MMC
vehicles climbed 36% to 10,000 units.
MMC plans to continue to operate the NedCar European production facility with Volvo
Car until the existing contract expires in 2004, after which time all development and
manufacturing activities at the facility will be conducted jointly with DC. Production of the
global strategic compact sedan being developed jointly with DC is slated to commence
at the NedCar facility from 2004 onward.
In spring 2002, MMC commenced the construction of a new engine plant in the German state
of Thuringia in conjunction with DC. Under the control of MDC Power GmbH, a 50:50 MMC-DC
joint venture, this plant will manufacture gasoline engines for MMC’s small compact sedans sold
in Europe as well as the
smart
marketed by DC. Plant construction is scheduled to finish in
December 2003, with shipment of engines starting the following spring.
Asia and Oceania
THAILAND
Total auto sales in the Thai market surged 10.9% to 289,000 units. MMC’s local sales
subsidiary, MSC, recorded sales of 24,000 vehicles, a 16.3% drop relative to the previous
year. This result mainly reflected a drop-off in sales of the
L200
double cab pickup truck,
although sales of
LANCER
models rose.
PHILIPPINES
Depressed by the economic downturn, total auto sales
in the Philippines fell 8.1% to 75,000 units. Mitsubishi
Motors Philippines Corporation, MMC’s local sales
company, posted sales up 7.1% to 16,000 vehicles.
INDONESIA
Reflecting ongoing economic malaise, total auto sales in
Indonesia declined 4.8% to 252,000 units. MMC’s local
sales fell 19.6% to 34,000 vehicles.
MALAYSIA
Total volume demand in the Malaysian market grew
15.8% to 385,000 units. Vehicle sales by PROTON, the
Malaysian car manufacturer in which MMC holds an eq-
uity stake, also grew strongly, rising 18.1% to 210,000
units.