Report: Mitsubishi expects to profit on sales of plug-in vehicles in 2 years
In any case, Mitsubishi's executive vice-president, Hiizu Ichikawa, reportedly told the Nikkei that the Japanese automaker expects to surpass its break-even point of 70,000 units sold annually by the fiscal year ending in March 2014. At that time, Mitsubishi's plug-ins will begin to contribute to the automaker's annual earnings.
Mitsubishi projects that sales of "green vehicles" will hit 25,000 units by the end of 2011, but with the addition of a plug-in hybrid version of its Outlander Sport in 2013, Mitsubishi is getting ready for annual sales of its plug-ins to steadily climb.
[Source: Automotive News – sub. req.]
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