Just last week Mitsubishi announced that it is planning to bring over a smaller Lancer-based crossover to North America and now comes word that the Japanese automaker has yet another new model to debut shortly thereafter. Based on a new global small car platform the car will be smaller than the Colt (shown above), which is currently on sale in both Japan and Europe. Fuel-economy for this new model is important and the engine size could be as large as 1.3-liters or as small as just 1.0-liters. It is not clear if this new model will replace the current Colt (which is in the same class as the Toyota Yaris, Hyundai Accent and Honda Fit) or if it will be more of a mini-car.

This new platform will also spawn an electric car and a plug-in hybrid. Mitsubishi is planning to bring one of the two green options to North America but has not yet decided which one.

Having suffered significantly in the recent recession, Mitsubishi is examining where it stands as a manufacturer and is aiming to grow its business in North America by offering extremely fuel-efficient models.

The company is also examining it's U.S. dealer network and is looking to cut some loose while signing up others (in prime locations) that were let go by Chrysler and General Motors.

More: Report: Mitsubishi Bringing New Global Small Car to North America in 2012 on AutoGuide.com