Mitsubishi i s facing the reality that it might have to shut down its Australian operations. Falling demand for large cars, a lack of a suitable export program and an uninspiring lineup has left Mitsubishi in a daunting financial situation. Some auditors have labeled Mitsubishi’s situation as a “significant uncertainty.” Mitsubishi’s Australian operations currently has AUD$168 million more in liabilities than it does in assets.
Mitsubishi’s Australian chief executive Robert McEniry is optimistic about the current situation and has indicated that Mitsubishi will continue producing cars in Australia.
Mitsubishi only builds one model is Australia, the 380 sedan, which is basically a re-badged version of the U.S. market Galant.
