Preview

Mitsubishi Annual Report

Good Essays
Open Document
Open Document
31025 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Mitsubishi Annual Report
ANNUAL REPORT 2011
Year ended March 31, 2011

Shifting into High Gear

Mitsubishi Motors Corporate Philosophy

“We are committed to providing the utmost driving pleasure and safety for our valued customers and our community. On these commitments we will never compromise. This is the Mitsubishi Motors way.”
Customer-centric approach Mitsubishi Motors will give the highest priority to satisfying its customers, and by doing so, become a company that enjoys the trust and confidence of the community at large. To this end, Mitsubishi Motors will strive its utmost to tackle environmental issues, to raise the level of passenger and road safety and to address other issues of concern to car owners and the general public. A clear direction for the development and manufacturing of Mitsubishi Motors vehicles The cars that Mitsubishi Motors will manufacture will embody two major concepts: driving pleasure and safety. Mitsubishi Motors will manufacture cars that deliver superior driving performance and superior levels of safety and durability, and as such, those who use them will enjoy peace of mind. Going the extra mile Mitsubishi Motors will pay close attention to even the smallest details in the belief that this approach will lead customers to discover new value in their cars, giving them a richer and more rewarding driving experience. Importance of continuity Mitsubishi Motors will continue to manufacture distinctive cars with the passion and conviction to overcome all challenges.

Forward-looking Statements

This annual report contains forward-looking statements about Mitsubishi Motors Corporation’s plans, strategies, beliefs and performance. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the industries in which Mitsubishi Motors Corporation operates, as well as management’s beliefs and assumptions. These expectations, estimates, forecasts and projections are subject to a number of risks and

You May Also Find These Documents Helpful

  • Good Essays

    Week 2 Assignment 520

    • 752 Words
    • 4 Pages

    The proposal uses vehicle comparative information for consumers to use to purchase vehicles and for manufacturers to continuously improve safety feature by using research and public comments about areas to look into and how to improve the safety features.…

    • 752 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Over the course of the last several years, the Kia brand has matured and grown dramatically in the U.S. market while capturing the attention of a wide variety of consumers. KIA Motors manufactures high line vehicles. Due to revolutionary technical innovations the company managed to produce vehicles with a large number of features which ensure your comfort and…

    • 2675 Words
    • 11 Pages
    Satisfactory Essays
  • Good Essays

    From the users point of view, they want, clear pricing, convenience, clean, superior cars and cheaper pricing.…

    • 1227 Words
    • 5 Pages
    Good Essays
  • Good Essays

    In order to produce world-class, quality automobiles at competitive price levels, Toyota has developed an integrated approach to production which manages equipment, materials, and people in the most efficient manner while ensuring a healthy and safe work environment (Toyota web page).…

    • 596 Words
    • 3 Pages
    Good Essays
  • Good Essays

    BMW is neither a boutique, offering one or two specialty models, or the producer of several million automobiles a year with some sold through a luxury car division. Nor is it a vast conglomerate with defused resources and management focus. BMW is a highly focused, independent company with one business- the luxury/performance automobile business. All of BMW’s resources, all of our investments and all of their talent are focused on providing the world market with 550000 automobiles, each the best in its class. BMW wants to give customer “a luxury car that provides an exhilarating driving experience.”…

    • 590 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    With the change in demand from society in the types of cars people wish to drive, we have to adjust the path we are taking to achieve our vision. We can only achieve this if we focus our full and uncompromising attention on the customer. That’s why our mission is:…

    • 5186 Words
    • 21 Pages
    Powerful Essays
  • Satisfactory Essays

    For this project, you will have selected a company that you are familiar with or work for. If you have chosen a company to research for a previous module, you must have already informed the Instructor in Week 5 and have sent a copy of the previously submitted work. The Instructor should have already informed you whether or not you may reuse the same company.…

    • 458 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Mitsubishi Case Study

    • 815 Words
    • 4 Pages

    You could call Motohiro Kaibara a Mitsubishi man. He works as a mechanic at his family's Mitsubishi Motors dealership in Kitakyushu, a city in southern Japan and he will only drive a Mitsubishi. However, Kaibara's faith in Mitsubishi began to unravel last year when in May 1999 a customer nearly ran down his own grandchild while attempting to park his $33,000 1998 Mitsubishi Diamante. The driver had just put the car into reverse when it lurched backward, barely missing the child before crashing into a gate. In July 1999 Mitsubishi tested the vehicle at its regional technical centre and insisted that nothing fundamental was wrong. In subsequent months, the incident happened twice more to the same driver almost causing accidents. Kaibara checked the car himself. To his surprise the vehicle shot back a meter upon shifting into reverse. This was not an isolated case. In September 1999, Shigeo Toyoda, the 57 year old president of a small business in western Japan was parking his four-month old Diamante on a Tokyo street. Before he could turn off the engine the car jumped back suddenly hitting an empty van. Then, Shigeji Tsugahara, a taxi driver in Saitama with 35 years driving experience, was backing into a parking spot in June 2000 when the engine of his new Diamante revved up unexpectedly and he rammed into another car parked three meters behind him. The following month, Sadao Ito was backing his Diamante into a space on the 5th floor of a Tokyo supermarket parking lot. When he put the car into reverse, the car jumped back, veering to the right and crashed into a pillar. But for the pillar, the car would have smashed through a railing and fallen 15 meters to the ground. These, and other incidents, come in the wake of revelations that over the last two decades Mitsubishi Motors has covered up thousands of complaints about glitches with its vehicles. Since August 2000 the company…

    • 815 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Lenovo Annual Report 12/13

    • 17223 Words
    • 69 Pages

    Note Revenue Cost of sales Gross profit Other income/(loss) – net Selling and distribution expenses Administrative expenses Research and development expenses Other operating expense – net Operating profit Finance income Finance costs Share of losses of associates and jointly controlled entities Profit before taxation Taxation Profit for the period Profit attributable to: Equity holders of the Company Non-controlling interests 6 4 5(a) 5(b) 3 2…

    • 17223 Words
    • 69 Pages
    Good Essays
  • Satisfactory Essays

    Company Profile

    • 590 Words
    • 3 Pages

    Established in 20 February 1963 as Chrysler Philippines Corporation, Mitsubishi Motors Corporation now markets over 16 types of vehicles in the Philippines, after 48 years of operation…

    • 590 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Many people, including college students, overlook one of the most important things when buying a new car–safety. It is a known truth that a new car is probably filled with the most up-to-date safety features in the automotive market today. However, knowing that the car is “safe” does not mean how safe the car really is because of the safety features it has or the lack of them. Therefore, this paper will illustrate the need to examine and research the safety features when a (new or used) car, integrate safety as part of the checklist when buying a car and it will face any opposing viewpoints towards automotive safety.…

    • 2055 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Mis Auto Industry

    • 524 Words
    • 3 Pages

    For the customer, MIS is all about receiving a good pre-purchase experience, good after-sales service and ultimately customer satisfaction. From the moment, the customer decides to purchase a particular model, the dealer is able to tell him/her if the model is available in the option he/she would like and when it can be delivered; and in some instances even provide customization according to a customer’s specifications. After the sale, a customer sending in his car to the service…

    • 524 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Product Description

    • 581 Words
    • 3 Pages

    Toyota Japanese vehicles have considerably penetrated the world’s auto market, including in the United States of America. According to Dee-Ann Durbin, an Associated Press writer, in 2011, “Japanese brands took the top seven spots in Consumer Reports' annual reliability rankings, pushing aside their U.S. and European rivals. Toyota Motor Corp.'s Scion, Lexus and Toyota brands took the top three spots and the Toyota Prius C; a subcompact hybrid got the best score of all”.…

    • 581 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    corporate communication

    • 1715 Words
    • 8 Pages

    Mitsubishi Corporation (MC) has seven Business Groups which develop operations in the diverse fields of Global Environmental & Infrastructure; Industrial Finance, Logistics & Development; Energy; Metals; Machinery; Chemicals; and Living Essentials. In addition to these Business Groups, MC has also recently established its Business Service Group. Through these business groups and more than 600 subsidiaries and affiliates, MC serves customers around the world in virtually every industry. For over 40 years, Melco Sales Malaysia, now Mitsubishi Electric Sales Malaysia has been providing top-notch marketing and maintenance services for Mitsubishi Electric products in Malaysia. Headquartered in Petaling Jaya, Selangor, Mitsubishi Electric Sales Malaysia has branches in key Malaysian cities, including Penang, Johor Bahru, Melaka, Pahang, Perak and Sarawak. Our widespread presence and network allows us to reach an expansive audience, ensuring the Mitsubishi name is recognized and appreciated by people from all walks of life (MC Official Homepage, 2014).…

    • 1715 Words
    • 8 Pages
    Powerful Essays
  • Best Essays

    Choose safety for life

    • 2463 Words
    • 9 Pages

    Car safety is the first thing car buyers should be concerned about. In today’s society people only care about technology and how modern they can be forgetting that in a car they are putting their lives in danger and having some knowledge of safety is very important. Basic information about safety is given to people so they can understand how important car safety is. Not many people are aware of this but Volvo is the safest car brand in the world. Volvo balances technology with safety. A comparison based on car safety was made with other brands such as Mercedes Benz, BMW and Infiniti.…

    • 2463 Words
    • 9 Pages
    Best Essays