Companies / Australia
Mitsubishi Closes Under Import Pressure
February 2008 | Company News AlertJapan's Mitsubishi Motors has revealed that it will close its Australian plant as sales of domestically-produced vehicles plunge. Despite receiving over AUD100mn in handouts from the government over the last 10 years to keep the plant going, the increasing advantage for imported vehicles as the Australian dollar grows in strength has proven too much.
Sorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Asia Pacific Automotives Insight and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Asia Pacific Automotives Insight please click on the trial link below.
