Yen continued to strengthen, not just Toyota who dizziness to want to lift the foot from Japan, Mitsubishi Motors Corporation (MMC), too hot. They again consider the option of moving production to another country.
Osamu Masuko, President of MMC, said the company thought of decline in production due to the Japanese automotive industry is highly dependent on exports. While the high yen makes corporate profits is reduced, lost, or until the worst, loss. "We have no other option to move closer to the vehicle production target market and away from foreign exchange fluctuation risks," Masuko comments as reported by Dow Jones on Friday (21/01/2011) this.
Currently, Mitsubishi import components so that the levels of non-Japanese component increased to 25 percent from the previous position of only 18 percent. This step is done in order to reduce the cost of production to 90 billion yen (USD 9.85 trillion) in three years.
Another strategy which is run by the MMC for the pursuit of profit, the share of production outside of Japan who had 44 percent increased so 54 percent of total sales in fiscal year 2010 (to March 2011) predicted 1 million units. Likewise, export quotas, as of the factories Illinois, United States, increased to 50 percent from 17 percent.
Jeff Wallace, managing director of Greenwich Treasury Advisors, the consulting firm, in Boulder, Colorado, said the principal automotive in Japan must remain competitive with competitors (other brands) are not under pressure the yen. Almost all companies in Japan (not just automotive only) starting update long-term cooperation contract with a supplier of components to the value of the yen remains. The company also could not raise prices because the resulting decline in export vehicle sales.
Currently, Mitsubishi import components so that the levels of non-Japanese component increased to 25 percent from the previous position of only 18 percent. This step is done in order to reduce the cost of production to 90 billion yen (USD 9.85 trillion) in three years.
Another strategy which is run by the MMC for the pursuit of profit, the share of production outside of Japan who had 44 percent increased so 54 percent of total sales in fiscal year 2010 (to March 2011) predicted 1 million units. Likewise, export quotas, as of the factories Illinois, United States, increased to 50 percent from 17 percent.
Jeff Wallace, managing director of Greenwich Treasury Advisors, the consulting firm, in Boulder, Colorado, said the principal automotive in Japan must remain competitive with competitors (other brands) are not under pressure the yen. Almost all companies in Japan (not just automotive only) starting update long-term cooperation contract with a supplier of components to the value of the yen remains. The company also could not raise prices because the resulting decline in export vehicle sales.
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