SUMMARY
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Tokyo-based Global Conglomerate Mitsubishi Corporation announced plans to invest P4.3 billion ($90.63 million) in order to start the production of both the hatchback and sedan versions of its sub-compact model Mirage in the Philippines starting early 2017. Mitsubishi Corporation Chairman and CEO Osamu Masuko said that the move is part of efforts to participate in the government’s new P27 billion ($600 million) CARS Program. Both sedan and hatchback variants of the Mirage will be built at the firm’s recently refurbished Santa Rosa, Laguna, plant.
Read the full story in Rappler Business.
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