Sup fellas.....i live in toronto....i was trying to call my dealership(woodbridge mitsu) today for a routine oil change etc....the guy answers "#7 Honda" i was like wtf......he told me the mitsu dealer closed and now its another honda dealer...is it realy that bad?....i mean i c lancers all over the place in toronto and still they r losing money?......anyway juss wanted to share this with u guys

 

Just remember that a Dealer can close for administration problems, not only because of the financial problems of Mitsubishi Corp. Wrong stocking, risky credits with the dealers responsability, bad service in the garage, etc, can make a dealer close. Remeber that Mitsubishi Corp. is backed by the biggest companies of Japan (Banks, mines, etc)

 

Mitsu dealers around here are going strong and none of the workers there I've talked to are concerned about their company's financial situation. I doubt Mitsu is going anywhere, probably just go through restructuring until they figure their finances out.

 

Yikes i'm a little scared, Mitsu dealers are already a bit of a drive for me.

 

I work at carmax... and we sell mostly used cars but we where also a New mitsu dealer but we recently dropped them cause they were losing money and we couldnt sell any brand new mitsu's ...there went my warrenty hook up

 

My local mitsu just built a huge new building (there old one was too small) and it's located next to the honda dealership... lol.

 

There is not, by any means, a reason to belive Mitsubishi Motors is out of business. When MMC grant us the license to sell the brand in our dealership on feb 04, just a few months latter, by june, the bomb dropped about DaimlerChrysler not aportting any more money to Mitsubishi Motors. We where concern about to invest or not, but they took our CEO to Japan and show them what Mitsubishi really is: a strong consolidated group ranking in the top 5 companies of Japan (check out Fortune's 500) DaimlerChrysler only owns the 30% or so of Mitsubishi Motors. We took their word for granted, and now Mitsubishi is in Mexico the brand that proyected the biggest growth in sales (+400%) and has reached the 10,000 units anualy sold in three years of being in the mexican market. Very impressing considering that it took Honda 8 years to reach that mark. We are going to have Mitsubishi for long, a new and better Mitsubishi, and Im going to keep my job

 

No, CarMax didn't drop Mitsu because Mitsu was losing money. Carmax dropped Mitsu because Carmax was losing money.

Maybe if they had salespeople who could sell cars, maybe they would have sold some.

 

Mitsubishi Motors is not going out of business anytime soon. I think part of the reason for Mitsu not doing so well was because of Daimler Chryslers stake in the company. Daimler owned 37% of the stock which made them the biggest shareholder. But now Daimler owns less than 25%. There has been media reports that Mitsubishi group firms plan to inject more money in financial aid to Mitsu to fund new car developement and lower its debt load. Apparently, if they are willing to offer more financial support to Mitsu, then they must believe that eventually the company will be profitable again.

 

I used to work at a Mitsu dealer here in Calgary and the owners wouldn;t have invested time and money in a failing company, again I agree with MitsuDealer on this one, it's owners and a dealership that doesn't make money that forces the close, nothing to do with Mitsu, a dealer may have all the product but no forcasted plan management so they go under, nothing to do with the manufacturers.