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CYPRESS, Calif. — Mitsubishi Motors North America selected
Ally Financial today to be a preferred provider of leasing and financing for
the automaker's electric-powered 2012 Mitsubishi i.

As a preferred financing provider, officials
highlighted Ally will begin offering leasing for other vehicles in the
Mitsubishi's lineup alongside Mitsubishi Motors Credit of America.

The OEM stressed Ally currently plays a significant role in
dealer and consumer financing within the Mitsubishi network as a financial
services provider. Officials noted this new agreement that takes effective
immediately expands upon this role providing a broader set of choices to
consumers when making their next vehicle purchase at one of the automaker's
approximately 400 Mitsubishi dealerships in North America.

"We welcome the cooperation from Ally's auto finance team to
provide our customers with additional flexibility in leasing and financing our
highly efficient, zero-emission 2012 Mitsubishi i, as well as leasing other
products in our product lineup," said Yoichi Yokozawa, president and chief
executive officer of Mitsubishi Motors North America.

"This will provide small businesses and consumers with even
more convenient means to finance their new Mitsubishi Motors electric vehicle,
making the Mitsubishi i more attractive to those individuals and companies that
want to make a difference by opting for a sustainable and highly cost-effective
form of transportation," Yokozawa continued.

Jim Kucharski, Ally's vice president of alliance sales,
added, "As we continue to expand our automotive financing portfolio, we are
pleased to work with Mitsubishi in this new preferred provider relationship.

"Ally has the nationwide infrastructure and full services
capability to complement other financial services providers and deliver
additional choice and flexibility to dealers and their customers," Kucharski
went on to say.

Consumers can now lease a Mitsubishi i at certified dealers
nationwide for lease payments as low as $249 per month for the base ES model
equipped with a convenient high-speed CHAdeMO DC quick-charging port.

Officials pointed out payments for the 2012 i-MiEV with
Quick Charge package and are based on an agreed upon value equal to its MSRP of
$30,675. Monthly payment assumes $3,498 due at signing, including security
deposit. Tax, title, license and dealer fees extra.

The OEM calculated 36 monthly payments total $8,974, and an option
to purchase at lease end for an amount to be determined at signing. Ally must
approve lease and mileage charge of 20 cents per mile goes into effect above
36,000 miles, and the lessee pays for excess wear.