Mitsubishi 2000 Annual Report Download - page 37

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35
Operational review
35
economy continues but signs of a gradual recovery have be-
come apparent this year.
The Indonesian economy staged a major recovery in
1999 and car sales grew by 55% over 1998 to 79,000 units.
Sales volume for 1999 was 17,000 units, an increase of
270% over the previous year and a rate of increase well in
excess for the market as a whole. The Kuda hybrid model,
designed for the Asian market and introduced in March
1999, has performed exceptionally well with orders outpac-
ing production.
The relaxation of credit restrictions by the Malaysian
government in September 1998 saw an increase in consumer
confidence and sparked a 51% growth in auto sales to
251,000 units in fiscal 1999. Sales at Proton, with which
MMC has technical assistance ties, grew 47% over 1999 to
157,000 units.
In China, MMC has three joint-venture manufacturing
facilities: a passenger car assembly plant, and two engine and
transmission plants. The Hunan Changfeng Motor Co., Ltd.
assembles Pajero models. The newly completed Harbin
Dongan Automotive Engine Manufacturing Ltd. and the
Shenyang Aero Space Mitsubishi Motors Engine
Manufacturing Co. Ltd manufacture engines and transmis-
sions.
Total industry sales in Taiwan were 400,000 units in
1999, 13% down over the previous year. This was due to
continued sluggish demand and the major earthquake in
September last year. Sales of MMC brand cars were 89,000
units, 9% down on 1998, but still topping the sales league
for the third year in a row.
Commercial vehicle operations
Total industry truck sales in Japan totaled 205,000 units in
fiscal 1999, 9% down on the previous year. Of this figure,
regular trucks (with a vehicle weight of 8-ton or over in the
Space Wagon (European market model)
0
100
200
300
400
500
9998979695
398
451 431 461 475
275 264 296 302
481
(1,000 units)
Sales
Production
0
20
40
60
80
100
9897969594
40
66
45 47
90
35
67
66 59
86
(1,000 units)
Sales
Production
Production & sales in OceaniaProduction & sales in Asia