ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Mitsubishi Motors aims for 50% growth in ASEAN auto sales

Midterm plan boosts spending and looks to put fuel-economy scandal to rest

Mitsubishi Motors CEO Osamu Masuko speaks at a news conference outlining the automaker's midterm business plan in Tokyo on Oct. 18. (Photo by Yoichi Iwata)

TOKYO -- Mitsubishi Motors will aim for 50% increase in sales in the ASEAN market over the next three years, as the Japanese automaker seeks to bounce back after a downturn brought on by a fuel economy scandal last year.

The plan was announced Wednesday as part of Mitsubishi's new midterm business strategy. The company said it will earmark 600 billion yen ($5.33 billion) over three years for capital spending, and research and development, to meet rapidly changing business conditions.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more