An Indonesian soldier reacts while receiving a dose of China s Sinovac Biotech vaccine for the coronavirus disease (Covid-19), during a mass vaccination program at a sport hall in Jakarta, Indonesia, March 10, 2021. - Reuters JAKARTA, March 12 (Reuters): Japanese automakers Suzuki Motor Corp and Mitsubishi Motors Corp plan to increase their investments in Indonesia over the next four years in the manufacturing of hybrid models, an Indonesian minister said.
Suzuki will raise its investment in Indonesia by 1.2 trillion rupiah (US$83.36 million) to develop mild hybrid vehicles, Indonesia s industry minister Agus Gumiwang Kartasasmita, said on Thursday in Japan, where he is meeting automakers and government officials.
Japanese automakers Suzuki Motor Corp and Mitsubishi Motors Corp plan to increase their investments in Indonesia over the next four years in the manufacturing of hybrid models, an Indonesian minister said.
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Mar 10, 2021
Mitsubishi Motors Corp. will source two Renault SA-made models for its European lineup as the Japanese automaker deviates from a decision to pull back from the region.
The cars, which will be based on existing Renault platforms and tweaked to fit the Mitsubishi brand, will be sold in some European markets excluding the U.K. from 2023, the carmakers said in a statement Wednesday. Mitsubishi’s European lineup also will feature the Eclipse Cross plug-in hybrid.
“Mitsubishi Motors has been implementing structural reforms in Europe and our decision to freeze new car development for the European market, announced in July 2020 in our mid-term business plans, remains,” Mitsubishi Chief Executive Officer Takao Kato said. “However, the OEM supply agreement will provide us with a solution to offer new products developed and manufactured in Europe alongside our ongoing after-sales business.”