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Automobiles

Mitsubishi Motors sells former Pajero plant to Daio Paper

$34m deal for closed factory finishes automaker's post-Ghosn cost-cutting drive

Mitsubishi Motors ended production at the Pajero factory in August 2021.

TOKYO -- Mitsubishi Motors will sell its shuttered Pajero factory in central Japan to Daio Paper for about 4 billion yen ($34 million), concluding the automaker's restructuring push while giving the papermaker more capacity to meet demand boosted by the pandemic.

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