Mitsubishi Motors announced on February 6 that they will close their only factory in Europe.

The factory is in Netherlands, and employees 1,500 people.  Mitsubishi says the factory is outdated, and it’s not worth it to upgrade.

Also, Mitsubishi stressed that they must focus on stronger car markets, like South America, and they are giving up on any chances to increase sales in Europe.  However, they will continue to ship cars to Europe from their factory in Thailand.  They also have a new Thai factory that’s scheduled to begin production in March  (mmm, cheaper Thai labor, I wounder if that’s the real reason they’re shutting down their Dutch factory?).

Mitsubishi is now working with the Dutch government to find a buyer for their Dutch factory.