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

[MetroMPG]

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