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PRESS RELEASE

Mitsubishi Fuso Achieves Company Record
Overseas Sales in Fiscal Year 2004

May 12, 2005

  • Overseas sales increased by 21% to 118,200 units
  • Growth in every world region in fiscal year 2004
  • Particular strong growth in Asia, the Middle East and Oceania

Tokyo/Brisbane – At the Brisbane Truck Show in Australia, Mitsubishi Fuso Truck and Bus Corporation (MFTBC) today announced details of its group overseas sales* for the fiscal year 2004 (April 2004 – March 2005). Overseas sales surged by 21% or 20,800 units to a company record of 118,200 trucks and buses (FY 2003: 97,300 units).

Bert van Dijk, MFTBC Board member and responsible for International Sales & Services, said: "We are very satisfied that we met our ambitious targets. Tailwind from the international markets, a strong brand image, the right products, a very high customer loyalty and a dedicated organization helped us in setting a new company record. This performance shows also the high confidence of our customers in our products and services”

Mitsubishi Fuso increased its overseas sales in every world region. In the fiscal year 2004, MFTBC achieved particularly strong growth in Asia, the Middle East and Oceania:

  • In the Asia region (excluding Japan), group sales went up by 22% to 69,900 units. This represents the largest unit sales increase of all regions (plus 12,600 units).

  • In the Middle East & Africa region, group sales increased by 21% to 26,100 units, a plus of 4,500 units.

  • In Oceania which includes Australia and New Zealand, group sales were boosted by 55% to 5,200 units, a plus of 1,800 units.

In fiscal year 2004, MFTBC global sales of trucks and buses (including Japan) reached 179,200 units. Overseas sales of 118,200 units accounted for about two-thirds of global unit sales.

MFTBC is one of the leading Asian commercial vehicle manufacturers and a fully consolidated subsidiary of DaimlerChrysler AG which owns 85% of MFTBC shares. The remaining 15% of shares continue to be held by various Mitsubishi group companies. With strong business partners and shareholders and as an integral part of DaimlerChrysler AG, the largest commercial vehicle manufacturer in the world, MFTBC is well positioned to master its challenges and to compete in the competitive global truck and bus market.

* : Group sales are defined as wholesales at subsidiaries plus shipments to international distributors.

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