Mitsubishi to end US vehicle production
© AFP/File Toshifumi Kitamura
"Following a review of Mitsubishi Motor Corporation's global supply chain, we have been informed it is necessary to end production and seek a strategic buyer for the Normal plant," Mitsubishi Motors North America said in a statement.
The move caps a long period of speculation about Mitsubishi's future in the US market - currently the most competitive auto market in the world, but also one that has been surging, with annual new-vehicle sales this year expected to top 17 million.
Suzuki left the US market in 2012, after years of poor sales and declining market share. Mitsubishi had 0.5% of the US market in June, an abysmal figure for a carmaker selling vehicles to the masses and trying to compete with the likes of Honda and Ford.
Mitsubishi hasn't yet announced plans to end US sales. The car maker has seen year-over-year monthly sales increase in 2015, largely due to deliveries of its Outlander compact SUV.
- Love in the time of elections: Do politics spice up or spoil dating in India?
- Samsung Galaxy S24 Plus review – the best smartphone in the S24 lineup
- Household savings dip over Rs 9 lakh cr in 3 years to Rs 14.16 lakh cr in 2022-23
- Misleading ads: SC says public figures must act with responsibility while endorsing products
- Here’s what falling inside a black hole would look like, according to a NASA supercomputer simulation