Monday, February 6, 2012

Western Europe will lose its Mitsubishi manufacturing plant

Mitsubishi motors has announced on Monday that it will close its Netherlands manufacturing plant (NedCar) by the end of the year 2012.

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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