Mitsubishi Motors Corporation on Thursday confirmed it would continue building the European-market B-segment Colt model at its NedCar plant in the Netherlands regardless of the outcome of negotitations with DaimlerChrysler over the axing of the Smart Forfour also built there.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


“DaimlerChrysler and Mitsubishi Motors Corporation (MMC) will now proceed with negotiations over this cancellation,” an MMC statement said.


“Colt is Mitsubishi Motors´ number one seller in Europe and its different variants…have proved to be successful products since the original launch in May 2004, both with media and customers.


“During CY 2005, 72,305 Colts [were] sold in Europe. The target is of 80,000 sales for CY 2006, the first full year with all three body-styles available.”


The Smart shared some components with the Mitsubishi model.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

There has been speculation that DaimlerChrysler would pay compensation to MMC for axing the Smart build deal, originally planned to last until 2010.


This year’s production was to have been about 40,000 units and Mitsubishi is expected to find another product for NedCar to compensate for the loss.


MMC has been reported as saying it would delay a new global production plan, originally due to be announced next week, to allow a new product to be found for the Dutch plant.