Ralliart Inc. has announced that it will cease its global motorsports business operations as of April 2010.

The company has stated that its business activities have radically deteriorated as a result the economic downturn that began in 2008 and that it can no longer continue to operate under these conditions.

Ralliart is in the process of winding down its sales and support services before officially closing its doors to the public. Customers still have until March 22nd 2010 to place orders on competition parts, sport parts, collection items etc.

Ralliart's scale down includes the following items:

1. Support to motorsport customers (Support to the participation, Technical Support, and Awarding of Mitsubishi/Ralliart Driver of the Year)
2. New Planning, Development and Merchandize of Ralliart products (Except FIA VO parts)*
3. Information of new products and dispatching motorsport information (on the web)**

*FIA VO parts development and application work shall be done by Mitsubishi Motors Corporation as it is.
**FIA Group-N information shall be available on the official Mitsubishi Motors Corporation website.

Ralliart was established in 1984 by Mitsubishi Motors Corporation to serve the company's growing motorsports programs. From the time it was created by MMC, Ralliart grew to 23 branches worldwide before announcing its close for business March 8th 2010.