Car site in govt hands

NT News - Motoring - - NEWS -

THE fac­tory that cranked out Chrysler and Mit­subishi cars for more than 30 years is likely to be­come Ade­laide’s new­est in­dus­trial park.

Mit­subishi has sold its man­u­fac­tur­ing site to the South Aus­tralian Gov­ern­ment for $32.5 mil­lion, com­plet­ing the wind­down of its lo­cal car­mak­ing busi­ness.

The 64ha site will be­come a high-end man­u­fac­tur­ing, re­search and new-tech­nol­ogy base.

Mit­subishi can re­main at Ton­s­ley Park rent-free for 10 years, a deal worth about $20 mil­lion.

It has also re­tained spare parts stor­age and ti­tles to sev­eral small sec­tions of the site.

Chief ex­ec­u­tive Robert McEniry said: ‘‘This is an im­por­tant ben­e­fit to us.

‘‘There are also other con­sid­er­a­tions, like not hav­ing to in­cur sub­stan­tial mov­ing costs.’’

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