|Mitsubishi's new "global small"car|
Secrecy surrounds the new car's mechanical specification but Mitsubishi is said to have developed its own unique front-wheel drive platform for the global small, which is due to go on sale in 2012. Earlier speculation suggested it may base the car on French joint-venture partner PSA’s (Peugeot Citroen) B-Zero underpinnings developed in partnership with Toyota and used by the 107, C1 and Aygo. However, this is now denied by Mitsubishi.
Mitsubishi says it is investing $535 million (€404 million) to produce the “global small” in Thailand, confirming plans for a new factory on its existing Chonburi site 62 miles (100km) south of Bangkok supporting an initial annual capacity of 150,000 cars per year. The new factory is Mitsubishi’s third in Thailand, and the Japanese carmaker’s first there in 16 years. A concept of the global small is expected to make an appearance at next year's Geneva auto show.