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BRIEFING - ASIA AUTOMOTIVE - APRIL 1, 2004.

AsiaPulse News

| April 01, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

1, 2004, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

MITSUBISHI AUSTRALIA DENIES SALE OF FACILITIES

ADELAIDE - Mitsubishi Australia has denied reports from Japan that the car maker is considering terminating production in Australia.

A report in Japan's Asahi Shimbun newspaper said the company also planned to sell its facilities in Australia, an engine plant and a vehicle assembly operation in Adelaide.

AUSTRALIAN CAR, TRUCK SALES HEADING FOR 1 MLN THIS YEAR

ADELAIDE - Car and truck sales in Australia could top one million for the first time this year, auto industry boss Peter Sturrock said today.

With demand on target for the six-figure result, Mr Sturrock, the chief executive of the Federal Chamber of Automotive Industries (FCAI), said the economic fundamentals remained in place to sustain industry growth.

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Source: HighBeam Research, BRIEFING - ASIA AUTOMOTIVE - APRIL 1, 2004.

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