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Mitsubishi CEO Steps Down, New CEO 'To Rethink Strategy'

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Automotive News reports Mitsubishi's newly appointed CEO says the automaker's low-volume U.S business requires a rethink in line with the parent company's new "small but beautiful" strategy. He added that pulling the plug on sales in the region is "probably" not an option. Takao Kato, who helped establish Mitsubishi's joint manufacturing plant with Chrysler in Illinois some three decades ago, conceded Mitsubishi's U.S. strategy is still a work in progress. Their new approach aspires toward a more profitable business with steady growth, even if it means missing out on rapid volume expansion.

Added on the 20/05/2019 08:17:34 - Copyright : Wochit

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