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Production pruning - Mitsubishi Motors to cut production
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Sunday, 26 Oct 2008
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My Iris reported that Mitsubishi Motors will cut production at its factories in Japan by up to 100,000 units in 5 months from November due to slow sales.

As per report, the automaker will cut the production of cars, such as sports utility vehicles and is expected to revise down its planned global sales from the current 1.39 million units in the business year ending in March 2009.

The report added that vehicles sales have slumped more than expected in all major markets in the past months amid weak consumer confidence and a slowing economy, hitting automakers everywhere.

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