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Mitsubishi to produce autos in Africa again after 10-year hiatus

by 198 Japan News
July 17, 2022
in JAPAN NIGERIA NEWS
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Mitsubishi to produce autos in Africa again after 10-year hiatus
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Mitsubishi Motors will begin producing compact commercial vehicles in Kenya in early August, as tariffs in Africa are expected to be lifted in the near future under a regional free trade agreement that took effect in 2021.

With African nations stepping up efforts to develop their own auto industries to take advantage of the removal of inter-African tariffs, Isuzu Motor and Toyota Motor will also increase production on the continent.

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Mitsubishi will resume manufacturing operations in Africa after a hiatus of about 10 years and initially seek to develop a market in Kenya in cooperation with partners such as trading house Mitsubishi Corp., Takao Kato, president and CEO of the Japanese automaker, told Nikkei. The company will examine the possibility of exporting vehicles to neighboring countries in the future.

In Kenya, Mitsubishi Motors will produce its mainline pickup truck L200, sold as the Triton in markets such as Southeast Asia.
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Mitsubishi to produce autos in Africa again after 10-year hiatus

Former Tepco execs ordered to pay $95bn in Fukushima damages


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A Tokyo court on Wednesday ordered former executives of Tokyo Electric Power Company Holdings Inc. to pay the utility some 13 trillion yen ($95 billion) in total damages for failing to prevent the 2011 crisis at the Fukushima Daiichi nuclear plant.


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Bidding for a government-owned office property in Tokyo shows that the country’s real estate market is still going strong, thanks to a weak currency and ultralow interest rates that have drawn both foreign and domestic investors eyeing healthy returns.

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