Mitsubishi's Asian wagon

Mitsubishi's Asian wagon

TOKYO (AFP): Japan's Mitsubishi Motors Corp. said yesterday it would produce and sell a family wagon model in Taiwan towards the end of this year, with successive launches in Indonesia and the Philippines.

The combined annual output is planned at 70,000 units in the three countries, with an investment of 17 billion yen (148 million dollars), the Japanese car maker said.

The "dynamic family wagon" will be suitable for individual and light commercial use, the company said.

The model will source engine parts, transmission parts, chassis and trim parts from Mitsubishi Motors in Japan, with some other parts such as stampings to be sourced from Mitsubishi operations in Malaysia, Taiwan and the Philippines, the company said.

Mitsubishi may introduce the model in other countries in the Asian region and elsewhere, it said.