Mitsubishi Motors has big plans to get there automotive company back in the game after the recent mpg scandal. The Japanese company plans to add $5.35 billion in capital spending and research and development in a time span of the next three years.
5 percent of annual sales will be used on equipment and the same proportion on R&D for the new plan.
Mitsubishi e-Evolution concept
Some money will go to the development of electric vehicles such as the new e-Evolution concept which was teased last month by the automotive company. The e-Evolution Concept is a new-generation high-performance all-electric crossover SUV. The all-electric concept vehicle shows the direction Mitsubishi Motors will take in the near future.
More information on the plan will be released by Mitsubishi Motors on Wednesday.
------------------------------------------------------------------------------------------------------------------------------------------------------
Advertisement