The Pajero nameplate derives from Leopardus pajeros, the Pampas cat. Mitsubishi marketed the SUV as the Montero in North America, Spain, and Latin America.
The fourth generation debuted at the Paris Motor Show on 30 September 2006 with the series code "NS". It revised interior and exterior styling, dual-stage front airbags, as well as new side-impact and curtain airbags. The chassis was a slightly revised monocoque with Mitsubishi's RISE technology as featured in the previous generation.

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