News

Mitsubishi plant in Illinois sold to Michigan company

Posted May 02, 2016 7:00 am

The Associated Press

NORMAL, Ill. (AP) - A Mitsubishi Motors plant in central Illinois town has been sold to a Michigan-based auction company for an undisclosed price.

Mitsubishi ended production in November at the Normal, Illinois. The facility will shut down May 31.

The (Bloomington) Pantagraph reports (http://bit.ly/1Utfz0E) that suburban Detroit-based Maynards Industries plans to take possession of the plant on June 1.

Bloomington Mayor Tari Renner says he hopes Maynards will market the plant and draw interest from employers.

Normal City Manager Mark Peterson says Maynards is "very well-connected within the automobile manufacturing industry." Peterson speculates the company will be motivated to sell the facility and recover its investment.

The plant once employed about 1,200 people to make the Mitsubishi Outlander Sport.

___

Information from: The Pantagraph, http://www.pantagraph.com

Article Comments

Article Categories
Content Providers Illinois News Region

Article Comments

Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.