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Mitsubishi abandons effort to sell U.S. plant to rival automaker

Discussion in 'Cars and Transportation' started by RobStark, Jan 7, 2016.

  1. RobStark

    RobStark Active Member

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    Mitsubishi confirmed a report in Japan's Nikkei newspaper, which said that the automaker was unable to find a buyer for its factory in Normal, Ill., and take on its workers.

    "We have given up looking for an automaker to buy the plant, but we are looking for possible buyers from other industries," a Mitsubishi Motors spokesman said.


    But the spokesman refused comment on the report's claim that Mitsubishi Motors expected to book an extraordinary loss of between 20 billion yen and 30 billion yen ($169.52 million to $254.28 million) in the fiscal year ending in March due to costs related to the closure.


    http://www.autonews.com/article/20160107/OEM01/160109906/mitsubishi-to-close-u-s-auto-plant-after-failing-to-find-buyer
     

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