Mitsubishi Motors Corporation and Mitsubishi Motors Australia said on Thursday they will spend A$230 million to launch new research and development facilities in Australia, Dow Jones reported.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The facility, Mitsubishi Motors R&D Australia, will enable the Australian subsidiary to take an increased role in the development of Mitsubishi vehicles worldwide, including the development of two new models in Australia due for release post-2005, Dow Jones said.
According to the report, Mitsubishi Motors R&D Australia will invest a total of $A12 million in upgrading and expanding the Mitsubishi test track facilities near Adelaide to include a new $10 million high-speed test track, allowing testing of cars beyond 200 km/h (120mph).
Dow Jones said the creation of the centre with an expanded work force will entail better facilities for Mitsubishi Motors Australia’s engineers, technicians and administrative staff. Plans includes an $A5 million information technology upgrade to improve the ability of designers and engineers to work online with their counterparts in Japan, the US and Europe, the report added.
Mitsubishi Motors has other R&D facilities in Japan, the US and Germany, Dow Jones noted.
