Mitsubishi Motors Australia Ltd. will close its only production plant in Australia March 31, with the loss of 930 jobs, in the face of a deepening trend away from large cars and falling sales of the locally built 380 sedan. Analysts warn the closure could cause a chain reaction that would make the country’s remaining vehicle-manufacturing operations less viable should Mitsubishi’s pullout threaten the survival of Australian parts makers. Mitsubishi Australia President and CEO Rob ...
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