Mitsubishi Motors Corp. Plans to Stop Car Production in U.S Plant
On Friday, sources with knowledge of the matter said that Mitsubishi Motors Corp. is planning to end car production in U.S. The company has only one vehicle production unit in the country which it is likely to sell to another car manufacturer.
The move by the car maker is said to be focused on its decision to pay more attention to its Southeast Asian markets, which are the biggest for the company. Mitsubishi is struggling with car sales in the U.S. and that also might have prompted the company to consider the option.
In the fiscal year which ended this March, Mitsubishi sold 82,000 vehicles in the U.S. That's about 0.5 percent of the entire U.S car market share according to the company. The sale of vehicles in the U.S. accounted for about eight percent of the total global sale of the car maker's 1.1 million vehicles.
In 1988, Mitsubishi's Normal, Ill., plant started production and was a joint venture with its former partner Chrysler.
The company said, in the previous year the plant produced 64,000 Outlander Sport sport-utility vehicles, which is considerably under its yearly 122,000 vehicles production capacity. The car manufacturing plant employs almost1,250 workers.
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