Mitsubishi Motors Corp (MMC) announced Tuesday (25/7/00) that it is to modernise its Oe plant in Nagoya in preparation for production of a new vehicle in 2002, reports Kyodo News Service (25/7/00). The company plans to spend 20-30 billion yen in the plant, set to produce around 100,000 of the jointly-developed Mitsubishi-DaimlerChrysler cars annually. The site is to close temporarily to allow for remodelling, with current MMC production and staff to be reallocated to other plants.