By freezing out new models, Mitsubishi is pretty much allowing its current range to become non-compliant with new European Union emissions regulations.
The spokesman told Autocar that it's too early to say what the plans mean for Mistubishi's 114 United Kingdom dealerships but that they're "still selling cars for the foreseeable future" and plan to continue to support customers with an ongoing aftersales parts and servicing offering.
It also added aftersales services will continue "for customers who prefer to use Mitsubishi products". "We will provide updates when we know more".More news: National Hockey League reports zero positive cases
There are around 115 Mitsubishi dealers across the UK. This will be followed by a new all electric vehicle intended for the Chinese Market in FY2021 and, in FY2020, and a new Outlander PHEV.
Further details on what this means for the Renault-Nissan-Mitsubishi Alliance are unclear, but Mitsubishi has confirmed plans to continue with the sharing of technology and production - which cuts estimated model development costs by up to 40 per cent.
The Pajero's axing then comes as part of MMC's "Small but Beautiful" mid-term business plan which aims to reduce fixed costs by 20 per cent or more, with the biggest saving - up to 15 per cent - set to made through redundancies and other "headcount rationalisation" measures.More news: One more death, 23 new COVID-19 cases reported in B.C
For the first quarter ended last month, Mitsubishi Motors posted a combined net loss of 176.16 billion yen, compared with a net profit of 9.31 billion yen for the same period a year earlier. Its operating profit in the region past year was 63.6 billion yen (£469.6 million), compared to just 12.8bn yen (£94.5m) across all other global markets. Its operating loss stood at 53.34 billion yen, a turnaround from a profit of 3.86 billion yen, on sales of 229.55 billion yen, down 57.2 percent.
Earlier this month the Society of Motor Manufacturers and Traders' (SMMT) monthly vehicle registrations data revealed that Mitsubishi's United Kingdom sales had declined by 51.9% to 4,708 (H1 2019: 9,784) during the COVID-19 pandemic-impacted first half of 2020.More news: Nasa’s Perseverance Will Start Its Journey Next Week