This stoppage of production in Europe would be the result of financial crisis faced by the company in different countries.
“In ending production in Europe, Mitsubishi is taking its
first steps to concentrate production in places like Thailand that are selected
as export hubs,” said
Takeshi Miyao, a Tokyo- based
analyst at industry researcher Carnorama.
“Demand in Europe is slipping, so they may have chosen to end production there
first.”
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