THAILAND: Mitsubishi to expand Thai operations
Mitsubishi Motors (Thailand) plans to invest THB1bn (USD33.6m) to increase production capacity of its Mirage small car to 200,000 units this year in response to strong domestic and overseas demand.
The car is produced at the company’s third Laem Chabang plant, which began operations in early 2012 with an initial annual production capacity of 150,000 units.
Company president Nobuyuki Murahashi said the company expects to sell an average of 10,000 vehicles per month in Thailand this year, of which 45% are expected to be Mirage cars. Sales in January amounted to around 13,000 units.
Mr Murahashi expects demand for small cars in Thailand to continue to be strong despite the expiry of the government’s first-time buyers’ programme at the end of last year, due to their affordability and low fuel consumption.
Overall, the company expects to spend THB 4-5 billion in Thailand this year, including on maintenance of its other plants and to prepare for the launch of production of new models. Its two other plants have a combined production capacity of over 300,000 vehicles per year.
The company also plans to expand its network of sales and aftersales outlets by 40 from the current 178 outlets.
Companies: Mitsubishi Motors Corporation
Mitsubishi Heavy Industries (MHI) is adding global turbocharger production capacity, targeting an ultimate 10m units a year....
Chrysler Group said it would spend $52m at its engine plants in Trenton and Dundee, Michigan, to increase capacity of the 'Tigershark' engine, adding 298 new jobs at Trenton....
General Motors has hired former Volvo CEO Stefan Jacoby to head up international operations. He replaces Tim Lee, who will take up the position of chairman, GM China....
Mitsubishi Motors has warned of further falls in demand for new cars in Thailand following the ending of subsidies for first-time buyers last year....
Mitsubishi Motors (MMC) boosted fiscal first quarter operating profit 7% on sales down 2%....
- THE WEEK THAT WAS - Scion and Ford workers' chop
- Analysis - Bull market for Lamborghini
- F23 2 Series Convertible & future BMWs
- Yanfeng Automotive Interiors VP Q&A
- January 2016, management briefing (Part 2)
- New Ford plant for Mexico & Prius rival - report
- Volvo nixes range extenders
- Geneva premieres list - Ferrari GTC4Lusso
- Daimler posts record sales – investors unimpressed
- Auto vacancies due to UK skills shortage - report