The potential launch of U.S. tariffs on automotive imports has led many of the carmakers to consider their strategic options. Mitsubishi Motors’ North America CEO, Fred Diaz, has indicated tariffs could have a “huge impact” on the company, but an increased scale of production is needed before considering a shift of production to the U.S. In the first instance it will be “forced to pass (tariffs) on to consumers”, making it “difficult” for them to buy cars. Mitsubishi is highly dependent on export markets, which accounted for 67.5% of its Japanese production in the 12 months to Oct. 31 vs...
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