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Investing.com -- Mitsubishi Motors (OTC:MMTOF) is targeting a 20-30% increase in its European sales with the help of two new Renault-based models, according to the company’s regional CEO Frank Krol.
In an interview published Monday, Krol told Automotive News Europe that the Japanese automaker aims to sell between 75,000 and 80,000 vehicles annually in Europe, representing a significant increase compared to 2024 sales, though no specific timeframe was provided for achieving this target.
The company has already introduced its latest Colt and ASX models, which are based on Renault (EPA:RENA)’s Clio and Captur vehicles, as part of a strategy to reduce development costs and time.
Mitsubishi plans to add two more Renault-derived models to its lineup this year. On Tuesday, the company will unveil the Grandis, which is based on the Renault Symbioz SUV manufactured in Spain.
Additionally, Mitsubishi hopes to introduce the new Eclipse Cross in September. This model will be based on the Renault Scenic built in France and will be offered as a pure electric vehicle.
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