MFTBC Updated Operational Status as of May 17, 2011

May 17, 2011
Mitsubishi Fuso Truck and Bus Corporation

Mitsubishi Fuso Truck and Bus Corporation (MFTBC), one of Asia’s leading commercial vehicle manufacturers, today provided an update on its operations in Japan.

Production Outlook

MFTBC plans to reach 100% of its current (pre-earthquake) production capacity at its main Kawasaki plant in the month of June. Already, the company’s light-duty line is operating at 100% of current capacity since May 9, while the heavy- and medium-duty line is operating at 80% current capacity.

By next month, the heavy- and medium-duty line is scheduled to reach 100% capacity, while the light-duty line is planned to extend output beyond pre-earthquake levels to fulfill customer orders as soon as possible. A further increase in heavy- and medium-duty truck production will be considered from July based on parts availability.

MFTBC also announced that its subsidiary, Mitsubishi Fuso Bus Manufacturing Co., Ltd (MFBM), in Toyama, Japan, resumed production of large and small buses on April 27, and intends to reach 100% of pre-earthquake capacity by the end of May.

Dr. Albert Kirchmann, MFTBC President and CEO said, “Mitsubishi Fuso is driving to return to full production as soon as possible in support of our customers and the relief efforts in Japan. While volatility remains in the company’s production program due to supply chain disruptions, our recovery from earthquake-related production delays is accelerating. MFTBC thanks its customers for their understanding and patience during these extraordinary times. The company also expresses gratitude to its suppliers and business partners for their continuing cooperation.”

Review of Operations Since March 11

Following the March 11 earthquake disaster, MFTBC suspended operations at its main Kawasaki Plant.

MFTBC produced a limited number of vehicles and components on March 29 and 30 based on parts in inventory or in transit before the earthquake. In subsequent weeks, MFTBC produced maintenance parts and parts for knock-down (KD) kits used in overseas production. A milestone was reached on April 20, when the company resumed production of light-duty trucks at its Kawasaki plan. The company later resumed heavy- and medium-duty production and also bus production in Toyama on April 27.