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Mitsubishi's plant in EU to be taken over by VDL

THE HAGUE -- Dutch company VDL signed a deal Monday to take over Mitsubishi's sole Western European plant and start producing Minis there for Germany's BMW, in a rare piece of good news for European automakers.

“The deal with Mitsubishi to take over the NedCar factory in Born has been signed,” VDL said in a statement, adding that Mini production would begin in the second half of 2014 once the production line has been updated.

VDL said that none of the 1,500 workers at the Netherlands' only large car factory would lose their job. Some may be detached to other VDL facilities, it said.

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