Mitsubishi eyeing building vehicles in Myanmar
By Mizzima Tue, 4 August 2020
Mitsubishi Motors is considering building vehicles in Myanmar, as the Japanese automaker deepens its commitment to Southeast Asia, CEO Takao Kato told Nikkei, charting a way forward in a market battered by the coronavirus pandemic, Nikkei Asian Review reported.
Mitsubishi Motors has decided to focus on the 10-member Association of Southeast Asian Nations under a medium-term plan released late last month. The automaker will allocate resources to the region, which generates about one-quarter of the company’s sales.
The Japanese automaker already has a production base in Vietnam, as well as in Thailand, Indonesia and the Philippines. Another Vietnamese plant is also under consideration. The plan is to add Myanmar to the list.
Source: MIZZIMA, MYANMAR Tue, 4 August 2020