Mitsubishi Motors is planning to make 30,000 Mirage subcompacts at a factory in the Philippines it purchased from Ford in 2014, according to Nikkei:
Spotted at: http://jalopnik.com/toyota-recalls-6...-am-1717867426MANILA -- Lured by tax incentives, Mitsubishi Motors plans to start producing a small vehicle in the Philippines as early as 2016.
The Japanese carmaker seeks to churn out an annual 30,000 or so Mirage compacts. It is also planning new molding facilities. With new-auto sales growing as the economy expands, Mitsubishi Motors sees the country joining Thailand and Indonesia as a pillar of operations.
The company has made inroads here since the 1960s. It trails only Toyota Motor in market share at roughly 20%. Positioning the Philippines in line with such other major markets as Thailand and Indonesia, Mitsubishi Motors plans to double annual sales here to 100,000 vehicles by 2020. Mitsubishi Motors will tout the fuel economy of the Mirage, its mainstay compact car.