Mitsubishi Corporate

Innovative Four-Passenger Electric Car Delivery in Fourth Quarter 2008

August 8, 2008, TOKYO -- Mitsubishi Motors Corporation (MMC) announced today that it has signed a letter of intent with Pacific Gas and Electric Company (PG&E) covering the use of MMC's zero-emissions i MiEV electric vehicle for research and demonstration purposes.

Mitsubishi i MiEV Electric Car

"In a world overwhelmed by high gas prices, come four heroes armed with MIVEC technology from Mitsubishi... the Phenomenal Four... four cars, four cylinders, no compromises."

August 8, 2008, Cypress, Calif. -- Mitsubishi Motors North America (MMNA) today announced it will launch an all-new integrated national advertising campaign to support its lineup of fuel-efficient four-cylinder vehicles: the Lancer and Galant sedans, the Eclipse coupe, and the Outlander crossover SUV. The "Phenomenal Four" campaign marks the creative debut of MMNA's new advertising agency of record, the Traffic agency. "We wanted to present Mitsubishi as a positive and fun to drive option that provided both fuel efficiency and performance" said John Powers, president of Traffic.

MMSK, Mitsubishi Motors' sole distributor in Korea, established for new market entry

Seoul, July 3 2008 — Mitsubishi Motors Corporation announces that, as one of the key elements of its strategy for the Asian region in fiscal 2008, it is to enter the built-up car sales business in Korea working through its sole distributor in that country MMSK Corporation (see profile below).

2008 Mitsubishi Lancer Evolution: One of the cars to be introduced to the Korean market in October 2008

2008 Mitsubishi Lancer continues to lead the way for Mitsubishi in the U.S. with 2,688 sales

CYPRESS, Calif., July 1, 2008 -- Mitsubishi Motors today announced total June 2008 sales of 7,494.

2008 Mitsubishi Lancer GTS

Highlights:
- The fuel-efficient Mitsubishi Lancer continues to lead the way for Mitsubishi in the U.S. with 2,688 sales, making June the second best month of the year for Lancer. May 2008 was Lancer's best month with 3,318 sales.
- Mitsubishi Lancer Evolution sales were 315, up 52.2% for the month compared to June 2007.
- Mitsubishi Galant sales through the first six months of the year remain ahead of 2007, with 13,058 sales in 2008, compared to 13,008 last year.

Tokyo, June 26, 2008 — Mitsubishi Motors Corporation (MMC) today announced global production, as well as domestic sales and export figures for May 2008.

Production: total and in Japan
Total global production came in at 98,959 units, a decline of 8.7 percent over May last year and marking the third consecutive monthly decrease. Production volume in Japan at 62,039 units was up 7.8 percent, the 20th consecutive month of year-on-year growth and marking a new record for May since Mitsubishi Motors spun off its truck and bus operations in 2003.

2008 Mitsubishi Lancer

Tokyo, June 26, 2008 — Mitsubishi Motors Corporation (MMC) today signed a technology licensing agreement with its powertrain JV enterprise in China Harbin Dongan Automotive Engine Manufacturing Co., Ltd. (DAE) covering production of 4- and 5-speed automatic transmissions.

DAE began construction work on a new factory in March this year with a view to commence production in April 2010. Plans call for the new facility to have an annual production capacity of 150,000 units and to produce 50,000 units in its first year of operation. Production capacity will be raised to meet future increases in demand.

TOKYO, June 18, 2008 — Today Mitsubishi Motors Corporation (MMC) announced a new global tagline in order to clarify across all markets its direction for the future. The tagline, "Drive@earth," will be launched first in Japan during the summer of 2008, and is intended to convey two major themes:

Mitsubishi Corporate Logo with new tagline: for overseas markets

Mitsubishi Selects RWB as New Public Relations Agency

CYPRESS, CALIF., June 17, 2008 -- Mitsubishi Motors North America (MMNA) today announced RWB as its new public relations agency of record. The announcement follows the recent signing of Traffic as Mitsubishi's new advertising agency.

"This is the start of a creative renaissance for Mitsubishi," said Dan Kuhnert, executive vice president of sales and marketing. "RWB has a firm grasp of the automotive industry and can immediately apply their knowledge and experience to help us communicate our brand's strengths and messages. Together with our new advertising agency, we are perfectly positioned to tell the Mitsubishi story in an exciting new way."

Paris, Tokyo, June 17, 2008— PSA Peugeot Citroen and Mitsubishi Motors Corporation (MMC) announced today that both companies agreed to start a feasibility study on an extended technical collaboration in the field of electric powertrains.

This project, which will run over several months, relates to the development, the manufacture and the use of an electric powertrain for small urban vehicles.

To step up the viability of electric vehicle projects and accelerate market introduction, the companies agreed that cooperation on electric vehicle development and production would be mutually beneficial.

This new agreement reinforces the bonds between the two manufacturers who, a week ago, laid the first stone of their joint Russian factory, in Kaluga (180 km south west of Moscow)

June 11, 2008, Cypress, Calif. -- Mitsubishi Motors North America (MMNA) today announced Traffic to be its new advertising agency of record. The announcement comes after a comprehensive agency review involving numerous top advertising agencies.

"The creativity of all the finalists was remarkable," said Dan Kuhnert, executive vice president of sales and marketing. "They all demonstrated insight into the Mitsubishi brand, and had great ideas. However Traffic presents a keen understanding of how to leverage the strengths of our brand and the 'importance of now' which is extremely relevant in today's auto industry."

CYPRESS, Calif., June 3, 2008 /PRNewswire/ -- Mitsubishi Motors today announced total May 2008 sales of 10,430.

-- Mitsubishi Galant sales in May were 2,783, an increase of 7.9 percent over May 2007. Galant sales are up 14.5 percent calendar-year-to-date.
-- Mitsubishi Lancer Evolution sales were 351, up 23.6% for the month compared to last May.
-- Consistent with the overall U.S. market, total Mitsubishi sales were off 23.6% for May compared to May 2007 sales of 13,651.

2008 Mitsubishi Lancer Evolution

Tokyo, May 27, 2008 — Mitsubishi Motors Corporation today announced global production, as well as domestic sales and export figures for April 2008.

Production: total and in Japan

Tokyo, May 19, 2008 — Christian Streiff, Chairman of the Board of PSA Peugeot Citroën and Osamu Masuko, President of Mitsubishi Motors Corporation (MMC), have signed a joint venture agreement to produce vehicles for 3 brands, Peugeot, Citroën and Mitsubishi in Russia.

The assembly plant will be located on the site of Kaluga, 180 km South-West of Moscow. It will produce mid-range SUVs for Mitsubishi, Peugeot and Citroën brands as well as medium size Peugeot and Citroën vehicles, with an overall installed capacity of 160,000 vehicles. The foundation stone of this future plant will be laid on June 10th 2008 in Kaluga. Production is currently planned for 2011 start-up.

May 16, 2008,CYPRESS, Calif. -- Mitsubishi Motors North America (MMNA) has announced a plan to realign its US field operations into Eastern and Western zones, with a separate office dedicated to field operations in the State of California.

MMNA President & CEO Hiroshi Harunari said the improvements will strengthen sales operations and make the company's infrastructure more efficient in adjusting to dynamic market conditions.

"These actions will enhance our ability to support our dealers, while providing us with a more efficient organization," said Harunari. "We are confident that these improvements will place Mitsubishi Motors in a stronger position to address the market changes expected to continue well into the future."

CYPRESS, Calif., May 1, 2008 /PRNewswire/ -- Mitsubishi Motors today announced total April 2008 sales of 8,878.

-- Mitsubishi Lancer was the volume leader at 2,598. This was the best month for Mitsubishi Lancer sales in 7 months.
-- Mitsubishi Galant sales were 1,402 for the month. Mitsubishi Galant sales year-to-date are up 16.8% compared to the first four months of 2007.
-- Mitsubishi Eclipse Spyder sales were 803 in April, an increase of 42.4% compared to April 2007.
-- Mitsubishi Lancer Evolution sales were 364, up 14.5% for the month compared to last April.
-- Consistent with the overall U.S. market, total Mitsubishi sales were off 26.3% for April compared to April 2007 sales of 12,047.

April 25, 2008, Tokyo -- Mitsubishi Motors Corporation (MMC) today announced its full-year results for the year ending March 31, 2008, together with forecasts for the year ending March 31, 2009.

1. Fiscal 2007 full-year result (¥1 = US $ 0.0096)

(1) Fiscal 2007 overviews

Mitsubishi Motors' consolidated sales for fiscal 2007 totaled 2 trillion 682.1 billion yen
($25.7 billion), a 22 percent increase of 479.2 billion yen ($4.60 billion) over the previous fiscal year. Factors behind the improved performance include a 10 percent growth in global retail sales over fiscal 2006, the commencement of OEM vehicle supplies to PSA Peugeot Citroen and favorable yen exchange rates.

Tokyo, April 23, 2008 — Mitsubishi Motors Corporation today announced global production, as well as domestic sales and export figures for both for March 2008 and the 2007 fiscal year.

March 2008

* Production: total and in Japan

CYPRESS, Calif., April 1, 2008 /PRNewswire/ -- Mitsubishi Motors today announced total March 2008 sales of 10,750.

Highlights:
-- Mitsubishi Galant was the volume leader at 2,676, up 26.6% from last March's volume.
-- This was Mitsubishi Galant's best first quarter in three years.
-- Mitsubishi Lancer closed at 2,514, up 32.7% from last March's volume.
-- This was also Mitsubishi Lancer's best first quarter in three years.
-- Overall Mitsubishi sales were off 14.2% for March compared to March 2007 sales of 12,536.

Tokyo, March 27, 2008 — Mitsubishi Motors Corporation (MMC) announces today that it has decided to transfer production of all EU-bound SUVs it supplies to PSA Peugeot Citroen from its Mizushima Plant (Kurashiki, Okayama Prefecture), where they are currently built, to its European production hub, Netherlands Car B.V. ("NedCar", Born, The Netherlands).

The transfer will be effective as of January 2009.

This decision was driven by MMC's desire to optimize its production capacities according to demand for each model, minimizing missed sales opportunities.

A 100% Mitsubishi Motors facility, NedCar currently builds the European Colt family of compact cars. From August 2008, NedCar will add production of the Outlander SUV.

CYPRESS, Calif., March 3, 2008 /PRNewswire/ -- Mitsubishi Motors today announced total February 2008 sales of 9,105.

-- Mitsubishi Galant was the volume leader at 2,424, up 16.4% from last February's volume and up 22.2% calendar year-to-date.
-- Mitsubishi Eclipse closed at 2,079 up 6.8% from last February's volume. This was Mitsubishi Eclipse's best February in six years.
-- Mitsubishi Lancer closed at 1,647 up 48.4% for February and up 14.1% calendar year-to-date.
-- Mitsubishi Eclipse Spyder sales were 890, up 29.0% for the month and 58.2% calendar year-to-date.
-- Overall Mitsubishi sales were off 6.4% for February compared to February 2007 sales of 9,726.