FRANKLIN, Tenn. - Mitsubishi Motors along with Tennessee Governor Bill Lee and the state's Department of Economic and Community Development Commissioner Bob Rolfe announced that Mitsubishi is planning to move its U.S. headquarters to Franklin, Tennessee from Cypress, CA.
Mitsubishi Motors will invest $18.25 million to move U.S. headquarters to Williamson County. The move will strengthen the Renault-Nissan-Mitsubishi Alliance and bring around 200 jobs to the area.
Since 1988, Mitsubishi Motors North America has been rooted in California. All departments will be relocating, including sales, marketing, IT, human resources, communications, parts and services, product planning, dealer operations, finance and legal.
Initially, Mitsubishi Motors will transfer operations to a temporary office in Franklin. Beyond that, the company is working with commercial real estate firm Jones Lang LaSalle to identify permanent offices.
Mitsubishi says the move is part of an ongoing plan to reinvent every aspect of Mitsubishi Motors in the U.S., from corporate leadership to dealer partners to every touchpoint in a customer's relationship. It will sharpen the company's focus on future growth and innovation.
"The reputation of Tennessee's business climate and skilled workforce has attracted countless world-class businesses to our state. Over the years, Tennessee has become the epicenter of the Southeast's thriving automotive sector, and I'm proud Mitsubishi Motors will call Franklin its U.S. home and bring 200 high-quality jobs to Middle Tennessee," said Gov. Bill Lee.
The choice of Franklin brings Mitsubishi Motors closer to its sister company, Nissan, which has its North American headquarters in Williamson County.
"Mitsubishi Motors is changing the way we go to market in the United States, and it is leading to a rebirth of the company. This is an exciting time for us, with a refreshed leadership team, new-look dealerships and redesigned and all-new vehicles. As we drive toward the future, this is the perfect time for us to move to a new home. While we say farewell to the Golden State with a heavy heart, we're excited to say hello to Music City," said Fred Diaz, President and CEO of Mitsubishi Motors North America.
Relocation will begin in August and be completed by the end of the year.
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