By on July 11, 2012

BMW did not buy Mitsubishi’s Nedcar plant , a Dutch busmaker did. Mitsubishi today said it signed a principal agreement on the sale of its Dutch Nedcar plant to local bus maker VDL Groep. The busmaker gets a deal: The plant with a book value of 493 million Euro ($605 million) goes for exactly one euro.

According to a Reuters report, the condition of the sweetheart deal is that the 1,500 employees of the plant do not lose their jobs. Mitsubishi Motors is setting its sights on emerging markets. BMW may not be totally out of the picture. Japanese NHK reported that VDL could be producing small cars for BMW.


Get the latest TTAC e-Newsletter!


7 Comments on “Mitsubishi’s Nedcar Plant Sold For One Euro...”

  • avatar

    How thoughtful a company would condition this on their employees keeping their jobs. When was the last time this happened anywhere else? The Japanese still believe the people are an asset to the company, not just a stupid slogan.

    If they can’t come up with a viable product soon it’s going to be difficult to keep that promise.

  • avatar

    More likely some sort of clawback clause in some government incentives/penalties for idling the workforce.

  • avatar

    The product problem wasn’t NEDCar’s, it was Mitsubishi’s, God love ’em. They can’t seem to get it together these days…

    That plant was kicking out tons of Colts, Carismas, S40s and V40s for years. Then Volvo and Mitsu skidded to a halt, sales-wise.

  • avatar
    el scotto

    Isn’t this plant associated with British Leyland in some unfortunate way?

Back to TopLeave a Reply

You must be logged in to post a comment.

Recent Comments

  • ghostwhowalksnz: All cars are hand built after the body in white phase. Sure robots weld the body together before but...
  • TonyJZX: I kind of like this car and this one would almost suit me if I wanted to spend close to $100k on a car that...
  • Big Al from Oz: If the US was concerned about it’s people’s health you wouldn’t have the 36th worst...
  • 55_wrench: With all the hate showered on the Gen 2 XB, I’m still really liking its ability to haul lots of...
  • jjf: I had the exact same issue in my ’11 XC70 T6. The problem appeared at 45K and I immediately took it to the...

New Car Research

Get a Free Dealer Quote