Reuters reports that Mitsubishi Motors Corp (MMC) said on Friday it would keep its car assembly plant in Adelaide, South Australia running for the time being, but added that it could not guarantee its future after seven years.
Go deeper with GlobalData
“In our business – for anyone in the auto industry – it is not possible to guarantee the future seven years ahead,” Chief Executive Officer Yoichiro Okazaki told a news conference.
MMC plans to introduce a new model in Australia in 2005 to replace the current Magna and Verada sedans, sold as the Diamante elsewhere, Reuters said.
MMC said earlier it would close its engine plant in Adelaide.
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.
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
