Net profit this fiscal year is projected at around 100 billion yen, down 15% from the prior year due to struggles in Thailand and other Southeast Asian markets, but the size of the decline could widen. Opened in 1988 as a joint venture with U.S. automaker Chrysler (now Fiat Chrysler Automobiles), the Illinois plant is currently operated as a Mitsubishi Motors wholly owned subsidiary. The strong dollar has undermined export profitability, resulting in the plant operating at about half of capacity.
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