Mitsubishi to end U.S. vehicle output, shutter factory by Nov. if there's no buyer
TOKYO -- Mitsubishi Motors Corp. will shutter its only North American assembly plant by November if it can’t find a buyer for the factory, and will soon start shipping tooling back to Japan.
Mitsubishi has several candidates, including at least one Detroit manufacturer, but no solid leads, a person familiar with the matter said. The plant would provide an excellent quick fix for carmakers seeking an incremental capacity increase quickly at low cost, the source said.
“Our factory is very cheap and has small capacity,” he said.
In a statement to dealers and employees in the U.S. on Friday, the Japanese carmaker said it would wind down the underutilized Normal, Ill., plant in November...
"... it is no longer practical to divide production between facilities in Normal and Japan,” it said. “It is with this in mind that we have chosen to consolidate production in our Japanese facilities where there is capacity to serve the U.S. market.”
Mitsubishi will start transferring tooling for the 2016 model year Outlander Sport to its factory in Okazaki, Japan, the person familiar with the plans said...
Suzuki precedent?
Mitsubishi CEO Osamu Masuko repeatedly has said he has no plans to abandon U.S. sales, as Suzuki Motor Corp. did.
Suzuki had denied any intention of pulling out, right up until its November 2012 announcement that it would do so. But signs had been building for years. And Mitsubishi’s recent history in the U.S. mirrors some of Suzuki’s path...
Mitsubishi had already conducted prototype testing of the facelifted 2016 Outlander Sport, which was slated for production at Normal. The vehicle gets an extensive frontend refresh in line with the looks on the reworked Outlander SUV.
Still committed
Mitsubishi said it remained committed to selling cars in the U.S...