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No more new Mitsubishi models
Mitsubishi Motors recently made a significant loss and is now presenting a new global 3-year strategy.
No more new Mitsubishi models
The Japanese automobile manufacturer generated a loss of -3.8 billion yen (around -32 million euros) in the past 2019 financial year. The European region contributes due to the unfavorable exchange rate between the euro and the yen as well as EU standards such as the CO2-Emission limits contribute to the group loss. Mitsubishi Motors therefore announced that it would continue to sell its existing models in Europe, but would no longer introduce any new models. Mitsubishi Motors sold 1,225,283 vehicles worldwide in 2019, including 186,336 in Europe.