20 Jan '11, 9am

Mitsubishi to launch eight new green cars by 2016

Mitsubishi to launch eight new green cars by 2016

TOKYO: Japan's Mitsubishi Motors said Thursday it would launch a new line-up of environmentally friendly cars by March 2016 and double operating profit in the next three years by focusing on emerging markets. Mitsubishi will launch a total of eight electric vehicles and plug-in hybrids, starting with a mini commercial vehicle, the MINICAB-MiEV, the company said as it unveiled a new mid-term business plan. Japan's fourth-largest automaker launched the i-MiEV, the world's first commercially produced electric vehicle, in 2009 and the race to manufacture greener cars has heated up among rivals such as Nissan, Toyota and Ford. The new models will also include Mitsubishi's first plug-in gasoline-electric hybrid vehicles, to be rolled out in the fiscal year starting April 2012 as it looks to boost emerging market production to target growth. It aims to double operating profit to ...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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