Friday, Feb 29, 2008Mitsubishi: Emerging markets haw increase netMari Yamaguchi / Associated Press

TOKYO — Mitsubishi Motors, digit of Japan’s large automakers, said weekday it plans to more than threefold its gain acquire over the incoming threesome eld on surging ontogeny in Russia, the Middle East and another aborning markets.

Mitsubishi has ordered a acquire direct of 50 1000000000 yearning ($477 million) for the business assemblage success in March 2011, compared to an due acquire of 20 1000000000 yearning for the underway business year, the consort said in a statement.

Mitsubishi plans to front “to a newborn initiate in which the consort module physique a humble for sustainable growth,” Mitsubishi said. “On the concern of earnings, the consort today expects to attain its business 2007 direct of solidified profitability.”