Mitsubishi Motors Reports Best-Ever August

              Record SUV Sales and all-new Lancer Drive Company
                       Up 2.8 Percent Over August 2000

    CYPRESS, Calif., Sept. 4 Mitsubishi Motor Sales of
America, Inc. (MMSA) today reported August sales of 28,317 units, driving the
auto maker to its best-ever August with an increase of 2.8 percent over August
2000.

    "We're gaining momentum heading into the fourth quarter and the outlook
for the rest of the year is very positive," said President and COO Pierre
Gagnon.  "The Lancer marketing campaign is now shifting into full gear and
we're very encouraged by the strength of SUV sales."
   
 The all-new Lancer compact sedan's stylish good looks, extraordinary range
of standard features and incredible value are proving a hit with US consumers.
In its first full month in dealer showrooms August Lancer sales totaled 2,727
units and are expected to increase as broadcast television advertising starts
this week.
    
The new television ads for Lancer feature the Barenaked Ladies song "One
Week" and are the latest in a series of Mitsubishi commercials well recognized
for their distinctive use of music.  The ads began airing September 3 on
network TV, cable and syndication.
   
 Some figures of note for MMSA's record-breaking August 2001 sales:

    -- August 2001 sales of 28,317 vehicles, up 2.8 percent over last year's
       record August sales of 27,540 vehicles
    -- 2001 year-to-date sales of 206,369 vehicles; 3.6 percent behind last
       year's record pace of 214,109 vehicles
    -- Montero Sport had its best-ever August with 6,085 units sold, up 5.2
       percent over August 2000
    -- Montero had its best-ever August, with sales of 2,177 units sold, up
       14.6 percent over August 2000, and up 19.6 percent year-to-date

    Mitsubishi Motor Sales of America, Inc. was established in 1982 by
Mitsubishi Motors Corporation, Tokyo, and markets a full line of vehicles,
including coupes, convertibles, sedans and sport utility vehicles. Its website
can be accessed at http://www.mitsubishicars.com .

     Sales Results, August 2001: Mitsubishi Motor Sales of America, Inc.

                        August '01    August '00     % Change  % DSR Change
                         Month/YTD     Month/YTD    Month/YTD     Month/YTD
    Passenger Car
      Sales*       20,055/152,386   19,856/155,740   1.0%/-2.2%  1.0%/-2.2%
    Sport Utility
      Vehicles**     8,262/53,983     7,684/58,369   7.5%/-7.5%  7.5%/-7.5%
    Total Vehicle
      Sales        28,317/206,369   27,540/214,109   2.8%/-3.6%  2.8%/-3.6%
    US Assembled
      Cars:        14,567/112,714   14,877/113,034  -2.1%/-0.3% -2.1%/-0.3%
    Imported Cars:   5,488/39,672     4,979/42,706  10.2%/-7.1% 10.2%/-7.1%
    Imported Truck/
      SUVs:          8,262/53,983     7,684/58,369   7.5%/-7.5%  7.5%/-7.5%
    US Assembled
      Vehicles(1): 14,567/112,714   14,877/113,034  -2.1%/-0.3% -2.1%/-0.3%
    Imported
      Vehicles(2):  13,750/93,655   12,663/101,075   8.6%/-7.3%  8.6%/-7.3%

    DSR - Daily Selling Rate
    Selling Days         MTD          YTD
    August 2001           27          206
    August 2000           27          206

    *   Above totals include sales of US assembled Mitsubishi Motors vehicles
    **  Includes Montero Sport and Montero
    (1) Galant, Eclipse and Eclipse Spyder
    (2) Lancer, Mirage, Diamante, 3000GT, Montero Sport and Montero