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Mitsubishi Plans to Buy Ford Plant in Philippines


According to the Nikkei newspaper, Mitsubishi will buy Ford's auto plant in Philippines for a price between $97 million and $147.7 million. Mitsubishi Motors, which plans to expand in Southeast Asia to boost its sales, plans to purchase Ford's plant in Philippines, which used to manufacture SUVs. The facility, which stopped production in 2012, has a total manufacturing capacity of 40,000 ...
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More Mitsubishi articles

Mitsubishi ready for $2.3 billion stock sale
In a share sale that’s designed to help the company resume dividend payments for the first time in more than 15 years, Mitsubishi Motors Corp. plans to raise as much ...
Mitsubishi outlines rebound and counts on SUVs and EVs
In a strive to boost global sales 29 % from this year's forecast, Mitsubishi Motors Corp. will refocus its lineup on utility vehicles and electrified drivetrains and lean heavily on ...
Renault-Nissan to expand cooperation with Mitsubishi
The three carmakers announced today that the Renault-Nissan alliance and Mitsubishi Motors Corp are considering a broad cooperation including sharing products, technologies, and production capacity. Japanese automakers Nissan and Mitsubishi will ...
Mitsubishi unveils three concepts for Tokyo
Mitsubishi has recently pulled the wraps off three brand new concept cars which will be officially presented to the public during the 2013 Tokyo Motor Show. According to the car manufacturer, ...
Mitsubishi announcing eK Space and eK Space Custom for Tokyo
Mitsubishi has announced its plans to introduce the new eK Space and the eK Space Custom next month, during the 2013 Tokyo Motor Show. According to the Japanese based automaker, the ...
Bosch, Mitsubishi and GS Yuasa Form Lithium-Ion Battery JV
Today, June 20th, German company Robert Bosch announced it has signed a deal with Japan’s GS Yuasa International and Mitsubishi to jointly develop next-generation lithium-ion batteries. The three companies will set ...
Mitsubishi Plans to Build New Plant in Indonesia
Mitsubishi plans to increase capacity in Indonesia and build a new facility in the region to deal with rising demand in the emerging Asian markets. "It is true that we are ...
Renault Said It Had Talks With Mitsubishi But No Deal Was Reached
Renault said that it had several talks with Mitsubishi about a possible cooperation, but had not resulted in a deal. Some investors see Renault as one of the automakers in Europe ...
Mitsubishi Denies Report on Renault Alliance
Mitsubishi denied report that Renault plans an alliance with the Japanese automaker. Today, May 31st, Le Figaro newspaper published a report according to which Renault considers a partnership with Mitsubishi, which ...

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