Mitsubishi Rises on Electric Car Production News
Mitsubishi Motors Corp., the maker of the i-MiEV electric car, rose the most in more than a month in Tokyo after a report it will raise production of the battery- powered vehicle.
The automaker advanced 7.5 percent to close at 144 yen on the Tokyo Stock Exchange. It was the biggest gain since Dec. 3.
Mitsubishi Motors, which began selling the i-MiEV to corporate and government customers in July, will increase production by 20 percent from an original plan for fiscal 2010 to 8,500 vehicles, company spokesman Kunihiro Nakamura said by phone today.
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