BMW deal saves Dutch car factory after Mitsubishi exit – The Economic Times

Posted: October 1, 2012 by rredrraven in Automobiles, Cooper, Ferman MINI of Tampa Bay, MINI, MINI of Tampa Bay
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Come see at the Ferman MINI of Tampa Bay factory in Palm Harbor!

BMW deal saves Dutch car factory after Mitsubishi exit – The Economic Times.

THE HAGUE: Dutch company VDL signed a deal Monday to take over Mitsubishi’s sole western European plant and start producing Minis there for Germany’s BMW, in a rare piece of good news for European automakers.

“The deal with Mitsubishi
to take over the NedCar factory in Born has been signed,” VDL said in a
statement, adding that Mini production would begin in the second half
of 2014 once the production line has been updated.

VDL said
that none of the 1,500 workers at the Netherlands’ only large car
factory would lose their job. Some may be detached to other VDL
facilities, it said.

Japanese carmaker Mitsubishi announced in
February it was planning to halt automobile production in Europe by the
end of 2012, blaming a difficult operating environment in the debt-hit continent.

Mitsubishi said it would sell the factory for a symbolic one euro if all 1,500 jobs at the site could be saved.

VDL is an industrial group that manufacturers finished and
semi-finished goods, including buses and coaches. The Eindhoven-based
company employs around 7,400 people in 18 countries.

Mitsubishi produced the Colt subcompact and the Outlander sports utility models at the wholly-owned unit, located about 180 kilometres (112 miles) southeast of Amsterdam.

Output at NedCar, which was established in 1991, has remained sharply
below its production capacity of 200,000 units a year, contributing to
Mitsubishi Motors’ operating loss in Europe, reports said.

Fewer than 50,000 cars were assembled in 2010.

via BMW deal saves Dutch car factory after Mitsubishi exit – The Economic Times.

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