Mitsubishi Auto Markets
Mitsubishi! > News > Japan > Mitsubishi Motors > 2004 News > World market and Competition
We will keep track of news related to MMC's competition in major world markets.
World Auto Markets and Competition
June 7, 2004. General Motors announced its plan to invest $3 billion over next three years in China. The market is booming but is becoming crowded there and more major players are expected to join GM. Volkswagen is the leading auto company there and last year it announced plans to onvest over $7 billion. Nissan has a $2 joint venture there, and DaimlerChrysler has big plans for China. Honda and Peugeot have announced their investment plans. Toyota is missing from the picture but for how long? Where will that leave cash-strapped MMC which was counting on booming Chinese market to overcome its lagging sales in the USA and the Japanese markets?
A few older stories in reverse chronological order (Newer ones first)
New Restructuring Plan Revised soon after announcement because of poor sales and new recall scandals.New Restructuring Plan Details
Daimler Chrysler Decides to Quit Mitsubishi Motors' Resue Plan