Mitsubishi to reduce European output, stop Colt production

Article by Christian Andrei, on December 21, 2010

Mitsubishi Motors Corp. may cut back its European production as it intends to halt the assembly of its Colt subcompact in the Netherlands at the end of 2012, according to a report from Japanese trade paper Asahi.

Ever since Mitsubishi’s former top shareholder Daimler AG withdrew Smart production from the factory that they operated jointly, Mitsubishi’s Dutch NedCar plant has been underused.

The factory has an annual capacity of 100,000 units but in fiscal 2009, it only produced about 50,000 vehicles -- 39,000 units of Colt and about 11,000 units of Outlander spot utility vehicle (SUV).

Last Thursday, Mitsubishi told the employees at the factory that it will stop Colt production from 2013 but will continue Outlander output. The Asahi report also stated that Mitsubishi is thinking about building cars under commission from other automakers.

Osamu Masuko, the head of Mitsubishi Motors, said that by the end of this month, Mitsubishi will announce a new mid-term business plan. But apparently, this will be delayed after Masuko said earlier this week that an announcement will be made by the end of its financial year, on March 31.

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Nearly a decade after Opel and sister brand Vauxhall introduced the Insignia large family car, these companies are now getting ready to unveil the second generation of this offering from...
by - December 7, 2016
After we caught a glimpse of the revamped Amarok, VW Australia once again wants to give its ute a sinister look inspired by the Mad Max movie franchise. The “Korama”...
by - December 7, 2016
Customers in the European market are known for leaning towards style and with this in mind, Nissan has revealed the special LEAF Black Edition. While the production run of this...
by - December 7, 2016
When Volkswagen unveiled the VW Atlas, it declared that this SUV is being developed for the United States and is set to arrive as a 2018 model. It also unveiled...
by - December 7, 2016
Did you miss the opportunity to get a brand new Dodge Viper? Well, here’s something you don’t want to miss. Dodge has announced a “final call” for orders for its...
by - December 6, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries