Mitsubishi to close U.S. auto plant after failing to find buyer

[Eugene]

Source: Reuters

Deals | Thu Jan 7, 2016 1:38am EST

Mitsubishi to close U.S. auto plant after failing to find buyer

TOKYO

Mitsubishi Motors (7211.T) said on Thursday it would close its sole production plant in the United States as the Japanese automaker cuts losses on dwindling sales in North America and a strong U.S. dollar, which has stymied returns.

Mitsubishi Motors confirmed a report in Japan's Nikkei newspaper on Thursday, which said that the automaker was unable to find a buyer for its factory in Normal, Illinois, and take on its workers.

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Once a production hub for Mitsubishi's Outlander Sport SUV model, the plant ended vehicle production in November, laying off 1,000 workers.

The automaker said the plant would continue to make car parts until the end of May, at which point its remaining 250 workers would be made redundant.

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Read more: http://www.reuters.com/article/us-mitsubishimotors-autos-plant-idUSKBN0UL0KB20160107

[Sherman A1]

1. Hate to see this

people losing their jobs.

[rjsquirrel]

2. Terrible terrible vehicles

When you make crap you go under.

The US Auto industry had a record year last year. There are other jobs.

[Sherman A1]

3. There may be other jobs

hopefully they will be as well paying and available to those losing these.

[rjsquirrel]

4. The car business is on fire

Mitsubishi just makes awful cars. The quality level is so high these days that shitty cars don't sell.