— At a session of the Managing Directors Meeting today, Mitsubishi Motors Corporation made a decision to temporarily postpone the stoppage of vehicle production at its Okazaki Plant, near Nagoya.
The decision does not represent any change in the basic policy of the Mitsubishi Motors Revitalization Plan announced on January 28 this year. Rather, the company places top priority on maintaining its quality control and production systems as the introduction of new products scheduled this fiscal year will be key to its revitalization.
Therefore the company will temporarily postpone the stoppage and transfer of vehicle production at the Okazaki plant, and will re-examine the situation when it becomes reasonably obvious that the Revitalization Plan will be achieved.
Postponing the transfer of Okazaki vehicle production is aimed at ensuring that the new model introductions scheduled for the current fiscal year are carried out in an environment of optimum quality control. The fixed-cost cutting program set out in the Revitalization Plan is on track and the transfer postponement announced today will not significantly impact the Plan's numerical targets.
