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MMPC of the Philippines Launches ADVENTURE New Concept Multi-purpose Vehicle

Date: January 28, 1998


Mitsubishi Motors Philippines Corporation, Mitsubishi Motors Corporation's affiliated local production and sales company in the Philippines, put a new concept multi-purpose vehicle, the ADVENTURE, on the market on Wednesday January 28.


ADVENTURE

The new model will be unveiled at the Philippine Sports Complex in Manila at 7.00 pm local time on January 28. Among the 5,000 people due to attend the launch ceremony will be Mitsubishi Motors president Katsuhiko Kawasoe, Nissho Iwai president Masatake Kusamichi, MMPC president Makoto Maeda, government officials, representatives of suppliers and dealers, as well as Mitsubishi vehicle customers.

Mitsubishi Motors recently developed a semi-bonnet Dynamic Family Wagon (DFW) that offers passenger car levels of comfort and performance for the Asian and ASEAN region as well as for other markets. The DFW made its sales debut in Taiwan, where it carries the name FREECA, in September last year.

ADVENTURE is the second model in the DFW series. It offers passenger car levels of road performance, ease of entry and egress, advanced styling, as well as outstanding safety levels and space utility at very reasonable prices. ADVENTURE also introduces a new concept: A vehicle with a sport utility flavor that is ideally suited to either private or commercial use.

Mitsubishi Motors worked closely with MMPC in conducting detailed market surveys to determine a specification that fully reflected market needs. ADVENTURE is powered by a low-consumption 2500cc diesel engine and configured as a 10-passenger vehicle that enjoys favorable tax treatment as an ASEAN-produced utility automobile for the Philippines market.

Plans call for a production volume of 8,000 units in the first year, eventually peaking at 15,000 units a year.

ADVENTURE Profile

Dimensions (L x W x H; mm):

4320 x 1650 x 1800

Engine:

2500cc in-line 4-cylinder diesel

Transmission:

5-speed manual

Drive mode:

Rear-wheel drive

Wheelbase (mm)

2620

Track (mm)

Front

1455

Rear

1380

Trim levels:

GL, GLS

No. passengers

10

Main equipment and trim:
(GLS trim level)

Seating: Driver and two front passengers in front row; Three passengers in middle row; Four passengers (facing seats) in back row

Air conditioning; Power steering; Central locking; Power windows; Digital clock; Power door mirrors.

Prices:

From 470,000 to 535,000 peso (For Philippine Market)

MMPC Corporate Profile

Corporate name:

Mitsubishi Motors Philippines Corporation (MMPC)

Head office:

Cainta, Rizal, Philippines

Established:

January 30, 1987 (name changed from PAMCOR to MMPC in August 1996)

Capitalization:

1.1 billion pesos (Approx. 3.3 billion Yen)

Share holders:

Mitsubishi Motors
Corporation
Nissho Iwai

51%
49%

Representative:

Makoto Maeda, president and CEO

Employees:

Approx. 2,300

Lines:

Assembly and marketing of Mitsubishi vehicles

Models marketed:

ADVENTURE, GALANT, LANCER, CHARIOT, PAJERO, DELICA, SPACE GEAR*,1-TON PICKUP TRUCK, CANTER TRUCK, FUSO TRUCKS AND BUSES
(*SPACE GEAR is imported from Japan as a finished vehicle)

Sales figures:

1993, 25,294 units; 1994, 28,999 units, 1995, 31,710 units,
1996, 36,533 units; 1997, 29,577 units

Production capacity:

62,500 units/year

Dealers:

14 dealers, 38 outlets