Mitsubishi to close Thai factory

Mitsubishi to close Thai factory

BANGKOK: Mitsubishi will close a Thailand factory set up to
build pickup trucks specifically for the Thai market and will
move the domestic-bound output to another facility making trucks
for export.

Currency instability and economic retreat have shrunk
Thailand's auto market, leaving the maker to try to stay
competitive by making such changes to its local manufacturing.

Japanese-aligned automakers in the country have taken steps
such as reducing working hours, but Mitsubishi is the first to
shut down a plant permanently and is also looking at the
possibility of closing a car factory.

The pickup plant subject to the current closing is located in
Bangkok. The factory has been closed more than half of the time
recently.