Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Bob Rolfe and Mitsubishi Motors North America officials announced on Tuesday the automaker will relocate its headquarters to Franklin from Cypress, California.
Mitsubishi Motors’ move represents an investment in Williamson County of $18.25 million, bringing approximately 200 jobs.
“We seek great business partners here in Franklin. But we also want terrific corporate neighbors,” Franklin Mayor Ken Moore said. “Mitsubishi Motors checks both of those boxes, and I look forward to the economic and social benefits this tremendous company will have on our city and region.”
Since 1988, Mitsubishi Motors North America has been rooted in California. The relocation to Franklin will begin in August and be completed by the end of 2019. All departments will relocate, including sales, marketing, IT, human resources, communications, parts and services, product planning, dealer operations, finance and legal.
“We are proud to add Mitsubishi Motors to the long list of businesses and corporations who call Williamson County home,” Williamson County Mayor Rogers Anderson said. “This is yet another example of a global business choosing to invest and grow here because Williamson County is a great place to do business and raise a family.”
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.
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.
Mitsubishi Motors’ move highlights efforts taken across the Renault-Nissan-Mitsubishi Alliance to bring the companies closer together in key areas, including procurement, development and cost efficiencies. 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,” Fred Diaz, Mitsubishi Motors North America president and CEO, said. “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.”
Since 2013, headquarters jobs have grown by 37 percent in Tennessee, the fastest rate of growth among states in the Southeast.
“The reputation of Tennessee’s business climate and skilled workforce has attracted countless world-class businesses to our state,” Lee said. “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.”