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Mitsubishi Motors “cut days at main plant”

Posted on: April 19, 2009

Reuters – Thursday, April 16

* Mitsubishi Motors to cut output days at main Japan plant

* Shares close down 1.4 percent at 143 yen

TOKYO, April 16 – Japan’s Mitsubishi Motors Corp <7211.T> said on Thursday it will cut the number of production days at its main domestic car plant by one day in May compared with April.

It will idle its production line for larger passenger models such as the “Lancer” sedan at its Mizushima plant in western Japan for up to six days in May, up from five in April.

As a result, Mitsubishi Motors will operate the production line for 12 days in May, down from 13 in April, the company said.

The other line of the Mizushima factory, which rolls out minicars, or cars with an engine displacement of less than 660 cc, will operate double shifts for 14 days in May, unchanged from April.

The company did not say how many cars it planned to produce each month.

Car market conditions remain severe, a Mitsubishi Motors spokesman said without elaborating on future production.

The global car market downturn has hit all parts of the industry, including parts makers. Asahi Glass <5201.T> said on Wednesday it would end production at one of its three car glass plants in southwestern Japan, prompted by the slump in demand from carmakers. [ID:nTK0260685]

Mitsubishi Motors said it would increase the number of days for its production line in central Japan specialising in assembling the “Pajero” sports utility vehicle to 13 days in May from 10 in April.

It will operate its Nagoya plant, which makes passenger models including the “Outlander” SUV, for 18 days in May, meaning no idle days. That will be up from 14 days in April, the company said.

Mitsubishi Motors shares closed down 1.4 percent at 143 yen on Thursday, compared with a 1.8 percent fall in the Topix subindex for the auto sector <.ITEQP.T>.


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