-Mitsubishi Motors Corporation (MMC) and
Mitsubishi Motors North America, Inc. (MMNA) today announced plans for
a $200 million expansion of MMNA's manufacturing facility in Normal, Ill.,
increasing the plant's capacity 25 percent from 240,000 to 300,000 units
and creating an estimated 300 new jobs.
"Expanding our Illinois manufacturing operation is part of our commitment
to design and build more vehicles in North America," said MMNA Chairman
and CEO Pierre Gagnon. "We're entering the next phase of our North
American growth strategy by launching more new products and increasing
our investment in the region."
The plant expansion will support the production of Endeavor, and other
future Mitsubishi products riding the same all-new platform, including
the next-generation Galant mid-sized sedan that will be unveiled next
month at the New York International Auto Show.
The announcement comes as Mitsubishi Motors continues evaluating additional
plans for increasing local production of vehicles sold in the North American
market. The company is studying further options for increasing capacity
that could include utilizing available production capacity at one of alliance
partner DaimlerChrysler North American plants, expanding the Illinois
facility even further or potentially building a new plant, with a decision
expected by this summer.
"Our goal is to produce more vehicles in the markets where they
are sold," said Rolf Eckrodt, MMC President and CEO. "Adding
capacity makes sense based on the success of the Mitsubishi Motors brand
in the United States and our continuing expansion throughout North America."
Mitsubishi Motors achieved an 81 percent increase in U.S. sales over
the past four years and is working toward further growth in the United
States, Canada, Mexico and Puerto Rico by 2007. Mitsubishi-brand vehicles
went on sale for the first time in Canada in September 2002 and in Mexico
in January 2003.
The company expects to break ground on the expansion in April and complete
construction in fall of 2004.
"This expansion is a testament to the hard work of our employees,
the quality of our manufacturing process and the commitment of our company
to the North American market," said MMNA Manufacturing Division President
and COO Rich Gilligan. "This is great news for our company and the
state of Illinois."
Illinois Governor Rod R. Blagojevich praised the company's decision to
increase investment in Central Illinois.
"Illinois and Mitsubishi Motors are working together to bring jobs
and economic opportunity to the state," Gov. Blagojevich said. "I
applaud Mitsubishi for its commitment to Illinois and to the hard working
men and women who make an exemplary product at the Normal plant."