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4-Traders Homepage  >  Equities  >  Tokyo  >  MITSUBISHI MOTORS CORPORATION    7211   JP3899800001

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Mitsubishi Motors : reveals XM Concept crossover SUV in Indonesia

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08/11/2016 | 06:53pm CEST

Mitsubishi Motors Corp. on Thursday revealed its new XM Concept crossover at the Gaikindo Indonesia International Auto Show.

The XM Concept denotes X for crossover and M for multi-purpose vehicle. Mitsubishi considers the vehicle a combination of the power, design and utility of a sport-utility vehicle with the spaciousness and comfort of an MPV.

The model will enter production at the Japanese company's new plant in Indonesia in 2017. It will be a rival of best-selling models such as the Toyota Avanza, Daihatsu Xenia, Suzuki Ertiga and Honda Mobilio.

Mitsubishi Executive Vice President Kozo Shiraji said about 60 percent of vehicle demand in Indonesia is for MPVs, and expressed the company's view that demand in the country for such vehicles "will increase rapidly."

==Kyodo

© Kyodo News International, Inc., source Newswire

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Financials ( JPY)
Sales 2017 1 893 510 M
EBIT 2017 -
Net income 2017 -151 575 M
Finance 2017 429 320 M
Yield 2017 2,37%
P/E ratio 2017 -
P/E ratio 2018 10,75
EV / Sales 2017 0,02x
EV / Sales 2018 0,01x
Capitalization 464 288 M
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Mean consensus HOLD
Number of Analysts 11
Average target price 533  JPY
Spread / Average Target 13%
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Managers
NameTitle
Osamu Masuko Chairman & Chief Executive Officer
Tetsuro Aikawa President & Chief Operating Officer
Nobuaki Yonezawa Executive Officer & Manager-Finance
Shuichi Aoto Managing Director & Head-Cost Reform
Gayu Uesugi Director & Vice President
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