Mitsubishi has conducted a Foundation Stone Laying Ceremony for a new third factory at Thailand which is planned to start mass production in March 2012. It will produce the “global small” 1.0-1.2L class compact vehicle which will be a new vehicle based on a completely new platform currently with “compact,” “affordability,” and “fuel efficiency” as the basic concepts for the vehicle. The “global small” will be positioned as an entry model in Mitsubishi’s model lineup, and plans are to export the vehicle from Thailand to markets worldwide as a global strategic vehicle that corresponds to both market needs of emerging countries like India.