JAPAN: Mitsubishi's Australian site to close? - FT
Japanese car-maker Mitsubishi is considering closing its only Australian factory to turn around losses, writes the UK's Financial Times (15/11/00). Quoting Mitsubishi Chief Executive Takashi Sonobe, the FT says that the plant - which has a production capacity of around 700,000 units per annum but is producing only 35,000 - is loss-making and the company is considering whether it was worth maintaining the site at globally competitive productivity and quality levels. To continue the plant's operations would be difficult and the company is considering whether it would be feasible to continue just a sales operation within Australia, continued Mr Sonobe.
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