The brand’s management reported that this decision was due to extremely low sales in the country. The Japanese brand produces cars in a joint venture with the GAC concern. After exiting production processes, Mitsubishi’s share will go to Chinese partners. At the same time, both companies will continue to support customers through after-sales service.
In 2019, Mitsubishi sold 134,500 vehicles in China. Last year, the Japanese sold 34,575 cars. In the first month of this year, the company sent a total of 1,530 vehicles to customers. At the same time, last April the brand did not sell a single model in China.
This situation is associated with the lack of electric cars in the lineup of the Japanese brand. At the same time, battery-powered vehicles are gaining increasing popularity in China. The decline in sales in China due to the lack of “green” transport was felt by Honda, Nissan and Toyota. According to preliminary calculations, Mitsubishi’s loss for the current financial year will amount to 24.3 billion yen (approximately 15.3 billion rubles at the current exchange rate).
In mid-January, car sales in Europe hit their worst level since 1993. Experts attributed the situation to a shortage of spare parts.
Farewell: cars about to retire
The car traveled only 1,358 kilometers in 22 years; the owner valued it at 40…
This model was popularly nicknamed “Heel”. The ad states that the car has never been…
Analysts at Russian Standard Bank came to this conclusion after studying data for the first…
Barn finds are always a thrill, similar to what Indiana Jones experienced while searching through…
The car was released in 2007 and during this time it has covered a rather…
The car was photographed on the territory of the company's Moscow dealership. Sales of the…