JAPAN: Mitsubishi will concentrate ASEAN Lancer production in Thailand
Mitsubishi is considering assembling all Lancer sedans for the ASEAN market in Thailand where it already produces pickup trucks for domestic and export sales. The company has apparently decided that it would make better sense to concentrate Lancer production in one factory within the ASEAN area after the Asia Free Trade Agreement (AFTA) is introduced, because import tariffs within the area are expected to decline to 5 percent in 2003.
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