— Mitsubishi Motors Corporation (MMC) announced that it had concluded the Exclusive Distribution Sales and Service Agreement with Mitsubishi Motors Malaysia Sdn Bhd (MMM), a Joint Venture Company between Mitsubishi Corporation (MC) and Edaran Otomobil Nasional Berhad (EON) established in March 2005, to enhance sales network in Malaysia.
MMC has been considering rebuilding and enhancing its sales network in Malaysia, and from today onwards, all of the Mitsubishi brand vehicles will be marketed by MMM based on the newly concluded agreement.
MMC has been marketing SUVs, pickup trucks, vans and other vehicles in Malaysia where further growth of the automotive market is strongly predicted under the expanding ASEAN Free Trade Area. MMC is planning to incorporate new passenger cars in the lineup through MMM.
| *1 : |
EON was established in 1984 as a distributor of PROTON which was founded in 1983 by the Heavy Industries Corporation of Malaysia Bhd., MMC, and MC. Sales in '03 was 72 thousand units or 23% share in the market (excluding truck and bus) |
1. Outline of the new company
| (1) |
Name of the company : |
MITSUBISHI MOTORS MALAYSIA Sdn. Bhd. |
| (2) |
Address : |
Kuala Lumpur, Malaysia |
| (3) |
Capital: |
60,000,000 Malaysian Ringgit |
| (4) |
Shareholders : |
MC 52%; EON 48% |
| (5) |
Establishment : |
March 2005 |
| (6) |
Models : |
MMC passenger vehicles (Colt/Lancer and others) and MMC commercial vehicles (L200[Storm]) |
| (7) |
Number of sales outlets : |
29 |
| (8) |
Number of employees : |
46 |
| (9) |
Targeted sales plan : |
Approx. 6,000 units in 2005 |
