January 22, 2007 Mitsubishi Motors Corporation (MMC) today announced plans to launch a flexible fuel vehicle (FFV) in the Brazil market within fiscal 2007. The Company also announced that models are in development for the US market for a fiscal 2009 launch. One of MMC's design objectives is to create vehicles that meet the requirements of the Century of the Environment. This can be seen in the MiEV (Mitsubishi innovative electric vehicle - pictured), a next generation electric car that is a core element in the company's environmental technology strategy, and can also be seen in the next generation diesel engine that is now under development. In addition to these initiatives, MMC and its local manufacturing and sales unit, MMC Automotores do Brasil Ltda (MMCB) have been developing a flexible fuel vehicle for the Brazil market. The FFV can run on gasoline, ethanol, or a mixture of the two, and will be launched in the Brazil market within fiscal 2007. Practical FFV solutions are also in development for the US market, where a fiscal 2009 launch is planned.