24
Oct
08:57
GAC Aion to take over Mitsubishi Changsha factory
Japanese automaker Mitsubishi Motors has confirmed that Chinese automaker Guangzhou Automobile Group's (GAC Group) new energy branch, GAC Aion, will take over a factory in Changsha, Hunan Province, Kallanish learns. This is owned by joint venture firm GAC Mitsubishi and the move is part of its structural reform.
According to the announcement, Mitsubishi will terminate vehicle production in China, and GAC Mitsubishi will become a wholly owned subsidiary of…
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