A day after the first reports surfaced on Japanese media, Mitsubishi Motors has confirmed it will shutter its aging and underutilized assembly plant in Normal, Illinois, a move that will cost more than 900 jobs.
That follows a failed effort to find effort to find a partner to share production at the facility that originally opened as part of a joint venture with Chrysler. But Mitsubishi officials stressed they plan to continue selling vehicles in the U.S. and point to a recent upturn in demand.
“Following a review of Mitsubishi Motor Corp.’s global supply chain, we have been informed it is necessary to end production and seek a strategic buyer for the Normal plant,” announced the maker’s U.S. subsidiary, Mitsubishi Motor Sales of America, in a prepared statement. (more…)