Complex sentence: Venezuela received this series in 1996 as a Lancer where it remained until 2004, when the new Lancer entered the market and local production of the old sedan commenced under the Mitsubishi Signo name.
Split into simpler sentences: Venezuela received this series in 1996 as a Lancer where it remained until 2004. After this, when the new Lancer entered the market and local production of the old sedan commenced under the Mitsubishi Signo name.