Mitsubishi basically exits Europe, stops launching new cars there

Mitsubishi will stop developing cars for Europe and launching them there, which co-COO Yoichiro Yatabe says “could” lead to it leaving Europe.

Mitsubishi will continue selling cars in Europe for the foreseeable future though, but as the cars get older they will not meet future emission standards and will be withdrawn.

The company is cutting its way back to profitability, and will reduce expenditures in North America too.

As part of the latest plan from the Renault Nissan Mitsubishi Alliance, Mitsubishi will concentrate on south east Asia, and kei cars for Japan.