
Japanese automaker Mitsubishi will stop making cars in the United States as it looks to shore up its business in Asia, a report said Friday.
The leading Nikkei business daily said Mitsubishi will halt production of Outlander SUVs at a factory in the state of Illinois, and may sell the site to another automaker.
Further details would be announced later, the Nikkei added.
The Illinois factory started operations in 1998 and has 1,250 employees, according to the company, which did not confirm the report.
"Mitsubishi Motors Corporation in the US has always been considering optimising its global production structure including (the Illinois factory)," it said in a statement.
"However, there has been no decision made regarding it at this moment."
Mitsubishi has been hit by a decline in US car sales and the plant manufactured just 60,000 vehicles last year, about half its capacity, public broadcaster NHK reported.
The company, which withdrew from production in Europe three years ago, will be the first major Japanese automaker to stop building in both the US and Europe, it added.
Mitsubishi have been actively investing in Asia, building a production site in Thailand and buying a factory in the Philippines from Ford.
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:23 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 16:34 2018 Tuesday ,13 November
Amazon announces new headquarters in New York and WashingtonGMT 16:51 2018 Monday ,12 November
Egypt's exports to Nile basin countries reached EGP 19.9 bln in 2017: CAPMASGMT 08:11 2018 Friday ,09 November
Kaspersky Lab CEO suggests replacing cybersecurity with 'cyber-immunity'GMT 14:00 2018 Thursday ,08 November
Namibian enterprise endeavours to seize opportunities at China import expoMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor