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PRESS RELEASE

MFTBC Forecasts Sales Growth for FY 2005 -
Outlines Far-Reaching Integration Steps

November 28, 2005

•  Forecast of strong global sales for FY 2005 at 185,000 units
•  Full integration of Japan domestic sales network by March 2006
•  Global integration with DC Commercial Vehicles further accelerated

Mitsubishi Fuso Truck & Bus Corporation (MFTBC), one of Asia’s leading commercial vehicle manufacturers, today provided a forecast for the 12-month period ending March 31, 2006.

For the period April 2005 through March 2006, MFTBC expects strong global sales of 185,000 units, an increase of about 3% or 5,500 units vs. 179,500 vehicles sold in fiscal 2004.

In Japan, Fuso expects sales of approximately 65,000 units, an increase of 3,900 vehicles or 6% over fiscal 2004. Overseas sales are forecasted at around 120,000 units vs. 118,500 units in fiscal 2004 (+1%). This figure will mark a new record for overseas sales.

MFTBC President and CEO Harald Boelstler said, “We have stabilized domestic sales and are further expanding our strong position overseas. Our operations will be profitable in fiscal 2005. These figures show the trust of our customers in Fuso and the potential of our brand over the next years.”

In September 2005, MFTBC finished Phase 1 of its renewal process. The official filing of the last recall measure resulting from the rigorous dealing with past quality issues marked the end of the clean-up phase and the start of Phase 2, which includes a further integration with DaimlerChrysler’s Commercial Vehicles Division.

In his first press conference since being appointed to President and CEO, Boelstler outlined Fuso’s mid- and long-term direction at the start of Phase 2. Focusing on “Customer Benefits through Integration," a far-reaching integration of domestic business operations will complement the ongoing integration of Fuso into DaimlerChrysler (DC), the world’s largest and leading maker of commercial vehicles.


Business Integration in Japan

MFTBC will fully incorporate Fuso Engineering Corp., a major R&D subsidiary with about 1,000 employees, by April 1, 2006.

As of March 1, 2006, MFTBC will merge 26 consolidated domestic dealers into the corporation. Fuso will become the first automotive company in Japan to make sales and services a core function with a full integration of its dealer network.

By December 2006, MFTBC will also relocate its head office from Shinagawa, Tokyo, to Kawasaki and thus integrate sales and administrative functions with R&D and production in one location.

“These integration steps will create one united company with a slim and flat organization. There will be a fast and unhindered flow of information between all company functions but also between Fuso and the market. This will directly benefit our customers. We will be able to better serve them with quality products and services of the same high level all throughout Japan,” said Boelstler.


Global Integration with DC

To further improve customer services, a new unit, Fuso Financial Service, will offer customer-tailored financing and leasing services exclusively to Fuso users as of January 2006. Fuso Financial Service will be established jointly with DC Services and thus leverage the expertise and financial power of DC.

In June 2006, Sterling Truck Corporation, a unit of DC’s Freightliner North America truck unit, will start sales of light-duty trucks based on the Fuso Canter platform, via its network and under Sterling branding in North America.

DC Commercial Vehicles is currently developing a next generation heavy-duty engine, bundling the technological capabilities of all global truck units with DC Commercial Vehicles. In September 2005, a Fuso Engineering Office was opened in Stuttgart, Germany, supporting joint projects within DC Commercial Vehicles with on-site engineers from Japan.

“The integration of MFTBC within the DaimlerChrysler Commercial Vehicles Division is progressing at a rapid pace with a clear strategic role for Fuso based on the company’s traditional strengths including world-class engineering capabilities,” commented Andreas Renschler, DC Board Member with responsibility for the Commercial Vehicles Division. “Fuso brings three distinct strengths to the Commercial Vehicles Division portfolio:a robust presence in Asia, light-duty truck leadership and expertise in light-duty HEV-Hybrid Electric Vehicle-technologies. Combining these strengths with those of the world’s leading commercial vehicle maker creates tremendous benefits for Fuso customers in Japan and around the world.”

As a fully-consolidated subsidiary of DC, MFTBC financial results will be consolidated into those of DC’s Commercial Vehicles Division. Consequently, MFTBC will switch its reporting period from the Japanese fiscal year to the calendar year as of 2006.

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

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