Mitsubishi mulling plant for electric cars in Spain: Madrid

2nd September 2010, Comments 0 comments

The Spanish government said Thursday it is in negotiations with Japanese automaker Mitsubishi Motors over the possible construction of a plant in Spain to produce parts for electric vehicles.

"We are working to get a confirmed decision," Finance Minister Elena Salgado said.

"Obviously we have conditions under which the plant can be set up in Spain ... one of the countries which is pushing hardest for electric vehicles," she told Cadena Ser radio.

Prime Minister Jose Luis Rodriguez Zapatero is currently visiting Japan where he has met Mitsubishi chairman Mikio Sasaki.

The plant would be constructed in the northwestern Spanish town of Vigo, near that of French automaker PSA Peugeot Citroen. The two groups already cooperate in the production of electric cars.

Spanish media said the plant would require an investment by Mitsubishi of 400 million euros (500 million dollars).

Spain's socialist government has said it plans to invest 590 million euros over two years in the development of an electric vehicle and hopes to see 250,000 such vehicles on the roads by 2014.

© 2010 AFP

0 Comments To This Article