Japanese automaker Mitsubishi said Friday it would stop making vehicles in the United States and is looking to sell its underused Illinois plant.
"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.
Mitsubishi said it will continue to sell its cars, including current and planned models, at US dealerships. "The North American market remains a priority for Mitsubishi Motors," it said.
The company ended production in Europe three years ago.
Mitsubishi has been focusing its efforts in Asia, building a production site in Thailand and buying a factory in the Philippines from Ford.
The Illinois factory makes the Outlander Sport crossover and has 1,250 employees, according to the company. The plant manufactured just 60,000 vehicles last year, about half its capacity, Japanese public broadcaster NHK reported.
Mitsubishi's US vehicle sales jumped 24.9 percent in the first half of 2015 from the same period a year ago. But the company trails far behind its Japanese rivals in the huge US auto market.
In June, for example, Mitsubishi sold 7,963 vehicles, while Toyota's take was 209,912 and Honda sold 134,397.
The Outlander Sport was the company's best-seller, accounting for about half the sales.
GMT 05:35 2017 Friday ,08 December
German industrial production sees surprise dipGMT 13:52 2017 Tuesday ,24 October
Singapore to freeze number of cars on its roadsGMT 12:49 2017 Wednesday ,04 October
German carmakers confident as 'dieselgate' lifts salesGMT 08:50 2017 Saturday ,30 September
VW's dieselgate bill jumps on 'complex' US recallsGMT 07:40 2017 Saturday ,26 August
GM addressing battery glitch in small number of Chevy BoltsGMT 20:29 2017 Thursday ,10 August
UAE offers further support to Aden PoliceGMT 18:13 2017 Monday ,31 July
Elon Musk hands over first Tesla Model 3 electric cars to early buyersGMT 15:32 2017 Thursday ,27 July
Citizens cry foul as car rentals shoot upMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©