▲ Up
 
16:26 23-03-2017
MAIN АКИpress CA-News
ADVERTISE WITH US SUBSCRIBE
KazakhstanKyrgyzstanMongoliaTajikistanTurkmenistanUzbekistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
Mitsubishi Motors buys Ford Philippine auto plant
12:44, 31 March 2014, 1101

AKIPRESS.COM - Mitsubishi-Motors Japanese automaker Mitsubishi Motors Corp. said Monday it is buying Ford's shuttered plant in the Philippines to grow in market where car ownership is on the rise, The New Zealand Herald reported.

Mitsubishi Motors said it was acquiring the plant in Laguna, south of Manila, from Ford Motor Co. to boost production and sales. Ford closed that plant in 2012. The Tokyo-based automaker did not give a price.

Mitsubishi controls more than a fifth of the Philippine market, where Japanese rival Toyota Motor Corp. has top market share. Various automakers have their eyes on the nation because car ownership is expected to grow.

The Philippine economy grew 7.2% last year, the second fastest in Asia after China.

Mitsubishi produces the Adventure minivan, L300 truck and Lancer sedan in the Philippines at a smaller plant it runs near Manila. The models it will produce at the new plant weren't disclosed.


Twitterfacebookprint
LATEST NEWS
16:09 Peaceful gathering participants in Naryn dispersed after talking to officials16:00 Presidents of Uzbekistan, Kazakhstan sign package of strategic documents15:54 Tokmok-road checkpoint on Kyrgyz-Kazakh border commissioned after upgrade15:35 Osh road traffic police hold unusual campaign on prevention of car accidents15:25 Losing sense of smell predicts early death, new study suggests15:15 Condition of Bishkek stadium turf 5 days to go to Kyrgyzstan-Macau Asian Cup qualifier match15:11 Ukraine munitions blasts prompt mass evacuations15:10 Humanitarian aid delivered to heavy snow-affected valley of Naryn15:05 TOP-4 importers of Kyrgyzstan and goods they sell15:05 Sewol disaster ferry raised in South Korea after three years14:58 Nookat town mayor's office fined for cutting trees down14:52 Republican library hosts exhibition of archive photo documents of Kyrgyz-Russia cooperation14:49 Diagnostics and treatment of tuberculosis is free in Kyrgyzstan14:39 New visa sticker samples presented to foreign diplomats and interantional organizations in Bishkek14:11 Police refuse permission for Tekebayev's supporters to establish yurt in Jalal-Abad13:59 Atambayev to take part in meeting of National Council for Sustainable Development of Kyrgyzstan13:58 Astana and Tashkent plan to sign enhanced cooperation declaration: FM13:49 Russian Ambassador says road accident in Bishkek with participation of Russian Embassy employee is being investigated13:25 One Turkish soldier killed, four wounded in clashes with Kurdish militants: army13:10 Mirziyoyev lays flowers to monument of Defenders of Fatherland in Astana
© AKIpress News Agency - 2001-2017. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75