The Wall Street Journal talked to
President Osamu Masuko ahead of this week's Moscow Motor Show about some of the company's recovery, its involvement in the Russian market and its plans for marketing
. Masuko reiterated earlier announcements that the the iMiEV would go on sale in
next summer at a price of about $27,400. Once production ramps up to higher levels Mitsubishi hopes to drive the price down under $20,000. Initially the iMiEV will be in right hand drive only with a left hand drive model coming in 2010. The company hasn't decided on U.S. sales yet. That will depend on the results of field tests with California utilities beginning late this year. Mitsubishi has questions about the U.S. infrastructure and whether this particular car is suitable for use in the U.S. Initial volumes will be low with about 2,000 the first year and doubling each year for the next couple of years. Mitsubishi has already announced plans to increase the planned production volumes of
from its joint venture with Yuasa. According to Masuko, the company has no plans to build
but will look at plug-in hybrids down the road. Check out the video after the jump.
Thanks to Mark for the tip!