In a push to expand Southeast Asia sales, Mitsubishi has purchased a Ford assembly plant in Laguna, Philippines for an undisclosed amount.
Automotive News reports the plant, which last saw production in 2012, will start back up in 2015 with an initial capacity of 50,000 units per year, expanding to 100,000 annually. The plant will produce both the Adventure and L300 vans.
The second plant in the automaker's Philippine portfolio, Laguna is key to underpinning Mitsubishi's strength in the Southeast Asia market, especially in the emerging local auto market where the automaker is second to Toyota in annual sales.
from The Truth About Cars http://ift.tt/Jh8LjA
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