Better get one while you can.
Better get one while you can. Scary NEWS.
Motortrend has this update about MITSU.
"Mitsubishi, struggling to retain six digit annual sales here, is essentially a tax writeoff for Mitsu UFJ, one of Japan's largest banks. If and when the tax writeoff becomes marginal, Mitsu will pull out of the US market-perhaps out of the car business"
The news is not better for Subie. Having lost its connection with GM, Toyota will now help keep it viable, which means, potentially, future Subie models powered with something other than horizontally opposed engines. The joint venture with Toyota on the sport coupe is on hold, however.
DARK DAYS FOR CARS.
"Mitsubishi, struggling to retain six digit annual sales here, is essentially a tax writeoff for Mitsu UFJ, one of Japan's largest banks. If and when the tax writeoff becomes marginal, Mitsu will pull out of the US market-perhaps out of the car business"
The news is not better for Subie. Having lost its connection with GM, Toyota will now help keep it viable, which means, potentially, future Subie models powered with something other than horizontally opposed engines. The joint venture with Toyota on the sport coupe is on hold, however.
DARK DAYS FOR CARS.
Last edited by dboz; Feb 1, 2009 at 10:26 AM.
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From: California!
If they'd actually sell their Japanese line-up of cars here, they'd do better. Also, that's a ~5 year plan they've got going on. Don't expect Mitsubishi to quit selling cars here any time real soon unless sales absolutely tank.
Really though.. they have a 4-door Smart-sized car in Japan... and a Fit/Yaris-sized car (Colt!) available with a turbo.. and a compact/mid-sized pickup truck (that isn't a rebadged Dodge) along with a bunch of other neat stuff. They need to haul *** and get those suckers safety and smog-approved for U.S. sales...
As for their current line-up, I think:
- Current Eclipse is awful. Needs to die.
- Galant is a good car, but boring and costs too much compared to the competition.
- The new Lancer is awesome. Best car they sell right now.
- Outlander is a really good small SUV. Based on the Lancer.
- Endeavor is pretty good for a mid-size SUV.. But not really amazing in its class.
- Raider? I think it's dead. I hope it's dead. Because it stinks.
Really though.. they have a 4-door Smart-sized car in Japan... and a Fit/Yaris-sized car (Colt!) available with a turbo.. and a compact/mid-sized pickup truck (that isn't a rebadged Dodge) along with a bunch of other neat stuff. They need to haul *** and get those suckers safety and smog-approved for U.S. sales...
As for their current line-up, I think:
- Current Eclipse is awful. Needs to die.
- Galant is a good car, but boring and costs too much compared to the competition.
- The new Lancer is awesome. Best car they sell right now.
- Outlander is a really good small SUV. Based on the Lancer.
- Endeavor is pretty good for a mid-size SUV.. But not really amazing in its class.
- Raider? I think it's dead. I hope it's dead. Because it stinks.
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Joined: Feb 2008
Posts: 590
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From: Fredericton, NB, Canada
Motortrend has this update about MITSU.
"Mitsubishi, struggling to retain six digit annual sales here, is essentially a tax writeoff for Mitsu UFJ, one of Japan's largest banks. If and when the tax writeoff becomes marginal, Mitsu will pull out of the US market-perhaps out of the car business"
The news is not better for Subie. Having lost its connection with GM, Toyota will now help keep it viable, which means, potentially, future Subie models powered with something other than horizontally opposed engines. The joint venture with Toyota on the sport coupe is on hold, however.
DARK DAYS FOR CARS.
"Mitsubishi, struggling to retain six digit annual sales here, is essentially a tax writeoff for Mitsu UFJ, one of Japan's largest banks. If and when the tax writeoff becomes marginal, Mitsu will pull out of the US market-perhaps out of the car business"
The news is not better for Subie. Having lost its connection with GM, Toyota will now help keep it viable, which means, potentially, future Subie models powered with something other than horizontally opposed engines. The joint venture with Toyota on the sport coupe is on hold, however.
DARK DAYS FOR CARS.
As a result, in the future you will be able to buy any kind of car you want, provided it's a silver Civic or a pale green Prius
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Joined: Jan 2009
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From: California!
Mitsubishi needs a halo car that normal people are interested in... And a car that actually gets good fuel economy. Most people don't care about EVOs and barely getting 30mpg highway in a base model Lancer isn't competitive with other manufacturers..
Last edited by Conor; Feb 1, 2009 at 01:35 PM.
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They also need to make the eclipse AWD or RWD to make it stand out from competition. You can get a relatively powerful engine in it already but everyone I talk to would only take it with the rear wheels at least doing some of the pushing.
i like US news... sure, if they pull out the US that is mean they cant afford to live.... And nothing else.
If its doesn't exist in America, then sure they will die . How else can be?
If its doesn't exist in America, then sure they will die . How else can be?
Evolved Member
Joined: Jul 2008
Posts: 1,264
Likes: 1
From: Calgary, Alberta, Canada
I agree. Mitsubishi's problems are pretty minor and so are Subarus. It's the larger companies like the Domestics and Toyota that are being hit the hardest right now.
at least subaru has the smarts to work with toyota..but too bad the project is on hold..mitsubishi has failed to provide customer service, and quality products... and put all their eggs in the evo basket...
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From: Fredericton, NB, Canada
What sets Mitsubishi apart from Subaru is that Mitsubishi is an enormous corporation that also makes cars, while Subaru has been the auto manufacturing division of Fuji Heavy Industries. Mitsubishi is too big to reasonably go out of business, and can't easily sell its car division, which is named after the mother corporation. On the other hand, Subaru can easily be sold off to the highest bidder (and Subaru in fact seems to be suffering exactly that fate right now).
Mitsubishi is a huge corporation, and Toyota's problems are minor compared to the US manufacturers, particularly Chrysler. Toyota would almost certainly survive even a full-blown depression, while Chrysler is already walking dead and GM will have serious trouble if this recession is long-lived (Ford wouldn't survive a depression).
What sets Mitsubishi apart from Subaru is that Mitsubishi is an enormous corporation that also makes cars, while Subaru has been the auto manufacturing division of Fuji Heavy Industries. Mitsubishi is too big to reasonably go out of business, and can't easily sell its car division, which is named after the mother corporation. On the other hand, Subaru can easily be sold off to the highest bidder (and Subaru in fact seems to be suffering exactly that fate right now).
What sets Mitsubishi apart from Subaru is that Mitsubishi is an enormous corporation that also makes cars, while Subaru has been the auto manufacturing division of Fuji Heavy Industries. Mitsubishi is too big to reasonably go out of business, and can't easily sell its car division, which is named after the mother corporation. On the other hand, Subaru can easily be sold off to the highest bidder (and Subaru in fact seems to be suffering exactly that fate right now).
[/QUOTE]What sets Mitsubishi apart from Subaru is that Mitsubishi is an enormous corporation that also makes cars, while Subaru has been the auto manufacturing division of Fuji Heavy Industries. Mitsubishi is too big to reasonably go out of business, and can't easily sell its car division, which is named after the mother corporation. On the other hand, Subaru can easily be sold off to the highest bidder (and Subaru in fact seems to be suffering exactly that fate right now).[/QUOTE]
