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Mitsubishi gives up on Indian production
"The lack of funds and decreasing demand (we would add the incredible forecasted success of the Nano) has forced Japanese manufacturer Mitsubishi to give up its plans of producing a small compact car in India, just-auto.com reported. "The market has become very volatile, so it's hard to make a prediction even two months down the line. In view of this we have decided to revise our capital expenditure for 2009-2010," Ravi Santhanam, Hindustan managing director tol..." Continue Reading →
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