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Mitsubishi builds presence in Philippines with new plant

MANILA -- Mitsubishi Motors has hit a new milestone in the Philippines, starting production at a plant that formerly belonged to Ford Motor.

Ford Motor's old plant in the Philippines gets a second lease on life as a key production base for Mitsubishi.

     "I am glad that we have kept on making cars here even when the market was not growing," said Osamu Masuko, chairman and chief executive officer of the Japanese automaker.

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