SsangYong has confirmed that Mitsubishi has withdrawn from talks about the acquisition of its United kingdom operations. For the past three months, discussions have been ongoing involving the Japanese brand name and Bassadone Automotive Group – parent firm and distributor for SsangYong.
A spokesman for Mitsubishi stated: “Although there has been dialogue with intrigued events with regards to facets of the Mitsubishi Motors in the United kingdom organization, the decision has now been designed not to progress these conversations even more.
“In the coming months Mitsubishi Motors in the United kingdom will get started its changeover into an aftersales organization, backed by its majority shareholder Mitsubishi Corporation and Mitsubishi Motors Corporation, to make certain the 350,000 Mitsubishi motorists on United kingdom roadways have full guidance in terms of components, extras, upkeep, warranty, remembers and repairs well into the long term.”
The news will come just after Mitsubishi announced in July that it would be leaving the United kingdom and European markets, having any designs to introduce its future-technology versions with it. It was hoped that these negotiations would have resulted in the Japanese brand name keeping its operations in the United kingdom and bringing long term versions right here with the aid of SsangYong’s importer.
Behind the talks ended up Nick Laird, CEO of Bassadone Automotive Group, and Jim Tyrell, former Mitsubishi United kingdom boss and now chairman of SsangYong GB. Laird commented: “The news is evidently disappointing – even so, we want Mitsubishi all the finest for the long term.”
Inspite of this, Mitsubishi will keep its United kingdom operations for the future decade or so, to enable retain the cars it already has on British roadways. The Japanese brand’s dealer network will continue to be generally intact until its residual stock amounts have been depleted – and its provider and components points will continue to be open for the foreseeable long term.
Mitsubishi is not the only car firm getting a rough 2020. Look at out the full story on Renault and Nissan’s struggles here…
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