Mitsubishi Acquires Factory Site From Ford
News: Mitsubishi Motors Philippines Corporation (MMPC) has purchased US automaker Ford Motor's former plant in the Province of Laguna, reports Automotive World. The move aims to restructure Mitsubishi's production capability in the Philippines. MMPC will transfer its operations to this site and abandon its current factory in Cainta in the Rizal Province. Following the relocation, MMPC will commence vehicle production at the Laguna plant from January 2015. The acquisition is part of MMC's New Stage 2016 next mid-term business plan, which is expected to begin from April 2014 to strengthen the automaker's production base in ASEAN countries.