The Japanese automobile giant Mitsubishi Motors will reportedly stop manufacturing automobiles in Europe by around 2013 as it shifts its focus to emerging markets. It was reported that under the plan, which would be the first withdrawal from Europe by a major Japanese car maker, the company will sell its NedCar subsidiary plant in Born, in the Netherlands, it was reported.
According to reports, NedCar was established in 1991 and has been producing the Colt subcompact and the Outlander sports utility vehicle, but its output has remained sharply below its production capacity of 200,000 units a year, contributing to Mitsubishi Motors' operating loss in Europe.
It was also reported that Mitsubishi will enter into negotiations with labour unions and the Dutch government to sell the plant, which employs roughly 1,500 people, adding the company saw no future profits in Europe. Instead, it is looking at expanding production in Thailand and other emerging countries, the reports said.
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