MITSUBISHI MOTORS TO SELL NEW PAJERO SPORT SUV IN RUSSIA

Mon. July 21, 2008; Posted: 11:42 PM

TOKYO, Jul 22, 2008 (AsiaPulse via COMTEX) -- MMTOF | Quote | Chart | News | PowerRating -- Mitsubishi Motors Corp. (TSE:7211) will introduce its new sport utility vehicle, the Pajero Sport, to the Russian market this fall.

Built at Mitsubishi's factory in Thailand, the Pajero Sport is based on the L200 pickup truck -- sold as the Triton in Japan -- but with a fortified chassis frame, a stately exterior design and a roomy interior with waterproof seats and flooring.

The automaker plans to sell the vehicle later on in the Association of Southeast Asian Nations, the Middle East and Central and South America.

Mitsubishi Motors has found success in the Russian market, selling roughly 100,000 vehicles there in fiscal 2007, with a lineup that includes the Lancer sedan and the Outlander SUV. By expanding its offerings with the Pajero Sport, the company hopes to boost sales in Russia to around 140,000 vehicles in fiscal 2008.

Mitsubishi Motors will use the Moscow International Motor Show opening in late August to publicly debut the Pajero Sport. The new SUV is a strategic global car for the company, and it has prepared a variety of models in order to achieve broad sales in emerging economies.

For the Russian market, Mitsubishi will sell the two-row five-passenger version of the Pajero Sport with a 3.2-liter diesel engine.

(Nikkei)

For full details for MMTOF click here.

More News: Market Updates | Stock Alerts | All Trading News | Stock Index

Archives

Feedback

Email Article Link

Close X

RELATED SITES

Please call 1-213-955-5858 ext. 1

Tax Relief Bank Levy Wage Garnishment

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403

All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.