As a major sponsor of the festival, Mitsubishi is joining other future focussed companies producing sustainable solutions with the purpose of promoting the theme of Mission: Safe Climateto the thousands of people who will attend events and exhibitions over the 16-day festival.
From its origins in 1998 as a small fair held in the tiny Victorian town of Musk near Daylesford before moving to Melbourne in 2001, the Sustainable Living Festival is now centred on Federation Square with events across the city attracting over 100,000 visitors.
With cars like the i-MiEV leading the way, Mitsubishi is continuing to engage in developing products and practices that provide for a sustainable future.
As the first, and currently only, electric passenger car from a mainstream manufacturer available on the Australian market, the i-MiEV is playing a vital role in Mitsubishi’s vision of a sustainable future for personal transport with the company aiming for electric vehicles to account for at least 20 per cent of its global production by 2020.
This, along with a raft of other environmental initiatives from expanded use of green plant-based plastics to increased recycling, forms part of Mitsubishi’s overall aim to reduce CO2 emissions of its new vehicles by 50 per cent, and emissions from production by 20 per cent, compared to 2005 levels by 2020.
Mitsubishi’s Vice President of Brand and Marketing, Paul Unerkov, said the company is proud to be festival partner and excited to promote sustainable transport solutions to the Australian public.
“Mitsubishi is looking to the future of sustainable transport and our i-MiEV electric vehicles provide people with a practical option that promotes environmental sustainability.”
Luke Taylor, the festival director sees the increasing popularity of the festival, which combines practical solutions, concepts, education and entertainment, as a sign that everyday Australians are keen to grapple with today’s environmental challenges.
“It’s the first time in 10 years that we have noticed such a shift in thinking, people aren’t so fearful of making big changes once they see the clear benefits,” he says.
And judging by the stalls that make up the ever-popular Green Market, there are plenty of changes that can be made with over 100 exhibitors showcasing sustainable products and services from all sectors of industry including building, energy, water, and food.
More great news from Mitsubishi Dealership Brisbane.
1. Performance overview
Mitsubishi Motors posted consolidated net sales of 1,310.9 billion yen for the first three quarters of fiscal 2010 (April 1 through December 31, 2010), a 38 per cent or 358.8 billion yen increase over the same period last fiscal year. Countering the negative impact of the appreciation of the yen, this increase was driven by higher unit sales volume stemming from a recovery in the market and the introduction of new models.
Mitsubishi Motors posted an operating profit of 13.0 billion yen, an improvement of 32.8 billion yen over the same period last fiscal year. The increase in sales volume together with factors such as reductions in material and other costs more than countered the negative impact of the higher yen.
Mitsubishi Motors posted an ordinary profit of 11.4 billion yen, an improvement of 32.6 billion yen, and posted a net loss of 2.2 billion yen, an improvement of 23.5 billion yen over the same period last fiscal year.
2. Sales volume
Global retail sales volume for the first three quarters of fiscal 2010 totalled 807,000 vehicles, an increase of 17 percent or 118,000 units over the same period last year. Sales volumes by region were as follows:
In Japan, Mitsubishi Motors posted total sales volume of 119,000 vehicles, an increase of five per cent or 5,000 units over the same period last year. This increase came despite a decline in year-on-year third quarter sales volume as market demand fell due to the ending of eco-car incentives at the end of September.
In North America, the launch of the new Outlander Sport* in October helped Mitsubishi Motors to post a year-on-year sales volume increase in the United States, but the volume for the region as a whole remained at 66,000 vehicles, on a level with the same period last year.
In Europe, Mitsubishi Motors posted a sales volume of 158,000 vehicles, an increase of 20 per cent or 27,000 units over the same period last year. Factors contributing to this increase include continuing strong sales of the ASX* introduced sequentially into markets from June and a rise in sales in Russia where the company has started local production of the Outlander.
In Asia and Other Regions, Mitsubishi Motors posted a sales volume of 464,000 vehicles, an increase of 23 per cent or 86,000 units over the same period last year. The increase has been driven by China, where total demand continues to grow, by higher sales in major ASEAN bloc countries including Thailand, Indonesia, Malaysia, and the Philippines and by growing sales in Brazil, the largest market in Latin America.
* RVR in Japan
3. Fiscal 2010 full-year forecasts
After a careful review in the light of the results for the first three quarters and recent market trends, notwithstanding increases and decreases in some regions Mitsubishi Motors has decided to keep its overall 2010 full-year sales volume plan of 1,124,000 units published on October 28, 2010 unchanged. The company has also decided to leave its full-year forecasts (net sales of 1.9 trillion yen, operating profit of 45 billion yen, ordinary profit of 30 billion yen and net profit of 15 billion yen) published at the beginning of fiscal 2010 unchanged.