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PRESS RELEASE

Mitsubishi Fuso Launches Latest Canter in New Zealand

November 24, 2005

•  New light-duty truck offers more interior space, more comfort and more safety
•  Opportunities for further expansion of New Zealand business
•  High interest in Canter Eco Hybrid demonstration at launch event

Tokyo/New Zealand - Mitsubishi Fuso Truck & Bus Corporation, one of Asia's leading commercial vehicle manufacturers, has introduced its new generation Canter light-duty truck in New Zealand. The new Canter offers more interior space, more comfort and more safety, while maintaining the vehicle's reputation for durability, reliability and efficiency. It was extremely well received by customers and dealers during a launch event held in Taupo, New Zealand.

Bert van Dijk, MFTBC Board member and responsible for International Sales & Service, said, "Mitsubishi Fuso is very pleased to bring the new generation Canter to our valued New Zealand customers. Customers and dealers are already impressed by the vehicle's greater interior room, improved functionality, enhanced safety while appreciating its continuing efficiency and value. "

Leading features on the new Canter include: a spacious cab; the RISE (Realized Impact Safety Evolution) cab and chassis structure for maximum safety; in-dash gearshift for convenience and comfort; and powerful and efficient engines. The product's model range spans from 3.5 tons to 8.2 tons GVW (gross vehicle weight).

The new Canter is available immediately in New Zealand. The truck is built at MFTBC's Kawasaki manufacturing plant in Japan.

In 2004, Mitsubishi Fuso sold a company-record 902 vehicles in New Zealand (wholesale), a 14 percent increase from the previous year. Oceania overall accounted for sales of 4,548 units (wholesale) in 2004.

Mr. van Dijk added, "Mitsubishi Fuso has enjoyed a long and successful presence in New Zealand thanks to the confidence of our customers in our products and a great dealer network offering an excellent sales and service experience. On the strength of the new Canter, we are convinced we can expand our position in light-duty trucks and across the commercial vehicle segments."


Canter Eco Hybrid Demonstration

Also generating great interest at the New Zealand Canter launch event was the Canter Eco Hybrid. This pioneering, hybrid-electric light-duty vehicle reduces fuel consumption by as much as 30 percent and also substantially decreases emissions. The vehicle's hybrid system consists of a small, clean diesel engine; ultra-slim electric motor/generator; automated mechanical transmission and high performance lithium-ion battery.

Dealers, customers and press received briefings on and test-drove the Canter Eco Hybrid during the launch event of the new Canter. The vehicle is scheduled for introduction into the Japan market in 2006 and is being evaluated for other regions.


About MFTBC

In 2004, MFTBC sold in the international markets outside Japan approximately 115,000 commercial vehicles (+25% versus 2003).

DaimlerChrysler AG owns 85% of MFTBC shares. The remaining 15% of shares continue to be held by various Mitsubishi group companies. Mitsubishi Fuso is an integral part of DaimlerChrysler's Commercial Vehicles Division.

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