Mitsubishi Motors has denied a newspaper report that it would stop building cars in the United States but repeated that pulling out of Australia remained an option.


Reuters said that the Nikkan Kogyo Shimbun business daily reported that the firm planned to halt production of Mitsubishi-brand cars at its Normal, Illinois, plant, its sole US production site and, after a planned capital injection by the Chrysler division of DaimlerChrysler into Mitsubishi’s US unit, the Illinois plant would produce only Chrysler-brand vehicles.


“The report is wrong. We want to give a clear statement that there are no such plans,” Mitsubishi Motors senior spokesman Jochen Legewie told the news agency, adding: “North America will continue to be a very important region for our profits but (production in) Australia is something we will look at in the long run.”


Reuters noted that, reeling under losses resulting from loan control problems at its North American finance unit, Mitsubishi is expected to unveil major restructuring measures, including a massive capital increase, on April 30.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.