07 Feb '12, 4am

Mitsubishi Motors says will sell its Netherlands factory 'for 1 euro' if buyer keeps the 1,500 workers there

Mitsubishi Motors says will sell its Netherlands factory 'for 1 euro' if buyer keeps the 1,500 workers there

A photo taken on Feb 6, 2012 shows cars parked outside the NedCar car factory in Born. Japan's Mitsubishi Motors is willing to sell its Netherlands factory 'for one euro' if the buyer is prepared to keep employing the 1,500 workers there, the company president has said. -- PHOTO: AFP TOKYO (AFP) - Japan's Mitsubishi Motors is willing to sell its Netherlands factory 'for one euro' if the buyer is prepared to keep employing the 1,500 workers there, the company president has said. 'If the payroll of about 1,500 factory workers can be maintained, we may as well sell the assets for one euro,' Osamu Masuko said late on Monday, according to a company spokesman. Japan's fourth largest automaker said on Monday it would stop making cars at the plant in Born by the end of 2012, effectively ending its sole European manufacturing operation. Mitsubishi blamed a difficult operating envir...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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