— At this moment, Mitsubishi Motors has not changed its basic policy to close down its vehicle production line at the Okazaki plant and to transfer Okazaki vehicle production to other facilities, which was set out in the Mitsubishi Motors Revitalization Plan. Therefore, the report citing, "Mitsubishi Motors Corp. has reversed its earlier decision to close its Okazaki factory," is not true.
Earlier this year, Mitsubishi Motors decided to temporarily postpone the stoppage and transfer of vehicle production at the Okazaki plant. However, this decision was 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 company will re-examine the situation when it is reasonably certain that the Revitalization Plan will be achieved.
Currently, the company is reviewing a part of its long-term product plan. In conjunction with this review, the company is considering reviewing its mid and long-term global production management plan for its optimization. However, nothing has been decided at present.
- Note:
- The above comment was announced to news media and was filed to the Tokyo stock exchange and to the Osaka stock exchange in order to express the company's basic stance on the reporting contents of the Nihon Keizai Shimbun (Nikkei) dated October 27.
