AIRLINK 70.34 Decreased By ▼ -1.35 (-1.88%)
BOP 4.97 Decreased By ▼ -0.03 (-0.6%)
CNERGY 4.38 Decreased By ▼ -0.01 (-0.23%)
DFML 28.01 Decreased By ▼ -0.54 (-1.89%)
DGKC 81.20 Decreased By ▼ -1.20 (-1.46%)
FCCL 21.60 Decreased By ▼ -0.35 (-1.59%)
FFBL 33.30 Decreased By ▼ -0.85 (-2.49%)
FFL 9.86 Decreased By ▼ -0.22 (-2.18%)
GGL 10.48 Increased By ▲ 0.36 (3.56%)
HBL 113.74 Increased By ▲ 0.74 (0.65%)
HUBC 140.00 Decreased By ▼ -0.50 (-0.36%)
HUMNL 9.03 Increased By ▲ 1.00 (12.45%)
KEL 4.54 Increased By ▲ 0.16 (3.65%)
KOSM 4.45 Decreased By ▼ -0.05 (-1.11%)
MLCF 37.75 Decreased By ▼ -0.26 (-0.68%)
OGDC 134.20 Decreased By ▼ -0.49 (-0.36%)
PAEL 26.00 Decreased By ▼ -0.62 (-2.33%)
PIAA 23.95 Decreased By ▼ -1.45 (-5.71%)
PIBTL 6.42 Decreased By ▼ -0.13 (-1.98%)
PPL 122.25 Increased By ▲ 0.30 (0.25%)
PRL 27.10 Decreased By ▼ -0.63 (-2.27%)
PTC 13.56 Decreased By ▼ -0.24 (-1.74%)
SEARL 54.90 Increased By ▲ 0.01 (0.02%)
SNGP 68.60 Decreased By ▼ -1.10 (-1.58%)
SSGC 10.31 Decreased By ▼ -0.09 (-0.87%)
TELE 8.58 Increased By ▲ 0.08 (0.94%)
TPLP 11.22 Increased By ▲ 0.27 (2.47%)
TRG 61.79 Increased By ▲ 0.89 (1.46%)
UNITY 25.20 Decreased By ▼ -0.02 (-0.08%)
WTL 1.53 Increased By ▲ 0.25 (19.53%)
BR100 7,600 Decreased By -38.1 (-0.5%)
BR30 24,951 Decreased By -20.1 (-0.08%)
KSE100 72,547 Decreased By -213.8 (-0.29%)
KSE30 23,522 Decreased By -103.2 (-0.44%)
Life & Style

Automaker Mitsubishi to end US production: report

TOKYO: Japanese automaker Mitsubishi will stop making cars in the United States as it looks to shore up its business
Published July 24, 2015 Updated May 9, 2018

TOKYO: Japanese automaker Mitsubishi will stop making cars in the United States as it looks to shore up its business in Asia, a report said Friday.

The leading Nikkei business daily said Mitsubishi will halt production of Outlander SUVs at a factory in the state of Illinois, and may sell the site to another automaker.

Further details would be announced later, the Nikkei added.

The Illinois factory started operations in 1998 and has 1,250 employees, according to the company, which did not confirm the report.

"Mitsubishi Motors Corporation in the US has always been considering optimising its global production structure including (the Illinois factory)," it said in a statement.

"However, there has been no decision made regarding it at this moment."

Mitsubishi has been hit by a decline in US car sales and the plant manufactured just 60,000 vehicles last year, about half its capacity, public broadcaster NHK reported.

The company, which withdrew from production in Europe three years ago, will be the first major Japanese automaker to stop building in both the US and Europe, it added.

Mitsubishi have been actively investing in Asia, building a production site in Thailand and buying a factory in the Philippines from Ford.

Copyright AFP (Agence France-Presse), 2015

Comments

Comments are closed.