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Thread: Report: Mitsubishi may fail to meet its Mirage build quota in the Philippines

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    Report: Mitsubishi may fail to meet its Mirage build quota in the Philippines



    Declining sales and a months-long factory closure due to the pandemic mean that Mitsubishi may not qualify for important tax breaks that enticed the company to set up shop in the Philippines to build the Mirage G4 & hatchback for local consumption.

    See earlier thread: Mitsu to start Mirage production in the Philippines. Update: first car built

    Nikkei Asian Review reports that MMPC’s deadline is on February 2023, and as of this writing, it has only produced 50,000 Mirages so far. TMP, on the other hand, has more leeway with its 2024 deadline.


    We don’t have the exact figures on the carmakers’ backlogs, but knowing that their plants completely shut down for several months is enough to get an idea of just how big those backlogs are. If TMP and MMPC fail to meet the 200,000-vehicle target, they risk forfeiting the tax incentives of up to P9 billion.
    Losing that would be Not Good (TM).

    Full article: https://www.topgear.com.ph/news/indu...a4354-20200710


        __________________________________________

        click to view fuel log View my fuel log 2014 Mirage ES 1.2 manual: 63.2 mpg (US) ... 26.9 km/L ... 3.7 L/100 km ... 75.9 mpg (Imp)


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    Senior Member Dirk Diggler's Avatar
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    Perhaps it would force Mitsubishi to reevaluate its situation in North America? Double down on trying to get their upwards sales trend back in place in our market?

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    Quote Originally Posted by Dirk Diggler View Post
    Perhaps it would force Mitsubishi to reevaluate its situation in North America? Double down on trying to get their upwards sales trend back in place in our market?
    I think the situation has already been evaluated, & I haven't read anything that counters the latest announcement from Renault/Nissan/Mitsubishi leaders.

    "After Renault’s exit from China, the Alliance recently announced it would restructure itself based on global spheres of influence. Nissan will lead in China and the US, Renault in Europe and Mitsubishi in South-East Asia. The move is designed to stop overlap in operations and research and development and to ensure stronger global coverage."



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