ADELAIDE — Mitsubishi Motors Corp. announces it will spend up to A$450 million (US$300 million) to develop and produce a new car in Australia by 2005. Managing Director Mike Quinn says the decision ensures Mitsubishi's long-term future in Australia — a future that has hung in the balance as the automaker's operations have struggled with a restructuring plan (see WAI Update — Jan. '00, p.1). The announcement ends published rumors that Mitsubishi would halt Australian manufacturing and ...
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