Mitsubishi Motors reportedly to end production in U.S.July 24, 2015 - 12:06 AMT PanARMENIAN.Net - Mitsubishi Motors has decided to end production in the U.S. to focus on Asian markets, the Associated Press says, citing Japanese media reports. The company said in a statement Friday, July 23, that no decision has been made. Meanwhile, Japan's leading business newspaper, the Nikkei, reported that Mitsubishi will stop making vehicles at its factory in Normal, Illinois, and try to sell the plant. Kyodo News also reported the plant will close. Both cited unnamed sources. Annual production at the factory has fallen to 64,000 vehicles from more than 200,000 in 2002. The company sold only 82,000 vehicles in the United States last year, less than one percent of the total market. Related links: Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Armenia to participate in key EU meeting for the first time ever National Assembly speaker Alen Simonyan has said that Armenia will for the first time participate in the Conference. U.S. reacts to Russia’s criticism of upcoming Armenia-EU-U.S. meeting Matthew Miller has weighed in on Russia’s criticism of an upcoming Armenia-EU-U.S. meeting. Lavrov sees ‘collapse’ of Russia’s ties with Armenia Russian Foreign Minister Sergey Lavrov has underscored heightened tensions between Russia and Armenia. Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine |