Tag Archives: vdl

What Economic Recovery? Mitsubishi desperate to sell off European factory, for only one Euro!!!

11 July 2012, NHK (nippon housou kyoukai/Japan Broadcasting Corporation) reporting that Mitsubishi Motors is so desperate to dump its factory in Netherlands, that it’s willing to take only one euro (currently equal to $1.22 USD)!

A Dutch company, VDL, wants to buy it and build licensed BMWs. The factory employes 1,500 people, and Mitsubishi wants to make sure they all keep their jobs with the new owners, so, they’ve made a deal to sell the factory for only one euro with a guarantee from VDL that no one loses their job.