Mitsubishi to close US plant by November, seeks buyer - LeftLane News
Automotive News has disclosed Mitsubishi's plans to quickly sell off its plant, shopping it to several automakers, including one unnamed Detroit-based company. According to a source, the price is "cheap" and will give the buyer an easy way to increase capacity by the 222,000, the plant's peak output in 2000. Citing the recent Russian financial crisis for its woes, Mitsubishi says it no longer makes sense... Now, Mitsubishi plans to transfer manufacturing to Japan to better support the growing Asian market and will soon begin shipping the plant's tooling there. Despite this news, Mitsubishi says it is still committed to the US market, and has plans to bring over a Mirage sedan, Outlander PHEV and a redesigned Outlander Sport. Mitsubishi says they would prefer that an automaker purchase the site, and is working with the UAW to find an interested party so that its employees can more easily transition, but remains open to all offers. Source: www.leftlanenews.com
