Mitsubishi reaffirms commitment to U.S. market
Mitsubishi reaffirms commitment to U.S. market
Saw this in the Detriot news today.
http://www.detnews.com/2005/autosins...0/01-94205.htm
http://www.detnews.com/2005/autosins...0/01-94205.htm
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I would like to believe that, but who really knows the truth. I think Mitsu CAN make a turn around. I mean, for the first time in years I actually saw a Mitsu that was hot(besides the evo), the ralliart galant. I would pick up one of those in a heartbeat for a daily beater, and if it comes with AWD, all the better.
But with that said, Mitsu needs to revamp their design team, and step away from that "family look" ala the same front ends for all their cars. It might could work if the front ends looked good, but IMHO they dont. (and sales prove it) For example, a sleeker 2 door version of the lancer with say about 180-200 hp at about the ralliart's price. That car could become a serious player in affordable tuner market. Thats just the lancer, same goes for all the other models as well.
Hell the whole company needs a make over. From the cars themselves, to the dealers, to the service departments (well, at least mine
) But It CAN be done, and I for one hope it does happen. I want to be able to pick up another evo in a few years. Mitsu has made and can make some badass cars.
But with that said, Mitsu needs to revamp their design team, and step away from that "family look" ala the same front ends for all their cars. It might could work if the front ends looked good, but IMHO they dont. (and sales prove it) For example, a sleeker 2 door version of the lancer with say about 180-200 hp at about the ralliart's price. That car could become a serious player in affordable tuner market. Thats just the lancer, same goes for all the other models as well.
Hell the whole company needs a make over. From the cars themselves, to the dealers, to the service departments (well, at least mine
) But It CAN be done, and I for one hope it does happen. I want to be able to pick up another evo in a few years. Mitsu has made and can make some badass cars.
Last edited by JohnnyPaycheck; Feb 20, 2005 at 08:41 AM.
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"Mitsubishi Motors is expecting a group net loss for the year ending March 31 of 472 billion yen ($4.5 billion), but is planning to return to profit by the fiscal year ending March 2007. " Detroit Free Press 2/18/05
Do you really believe Mitsu Motors can earn a profit within 2 years??? Do you know just how much red ink $4.5 Billion is??? Mitsu management is just feeding the American press a crock of sh*t until they can unload the Turkey called MMNA.
Do you really believe Mitsu Motors can earn a profit within 2 years??? Do you know just how much red ink $4.5 Billion is??? Mitsu management is just feeding the American press a crock of sh*t until they can unload the Turkey called MMNA.
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From: Fairfield County, CT
I remember when Enron continued to claim all was well in the days leading up to the 2nd largest bankruptcy in US history even as its stock fell by 30-50% PER DAY.
I analyze companies on a daily basis so here is a basic concept to keep in mind: Don't believe overwhelmingly in the estimates and forecasts from only the company in question. Leading publications and auto journalists remain very concerned and have predicted prior to the Wall Street article that Mitsubishi may indeed pull the plug on its US operations.
Finally for the record, the Wall Street Journal is still THE SOURCE for information on publically traded companies here and abroad. Once you appear on the cover the damage is done.
I analyze companies on a daily basis so here is a basic concept to keep in mind: Don't believe overwhelmingly in the estimates and forecasts from only the company in question. Leading publications and auto journalists remain very concerned and have predicted prior to the Wall Street article that Mitsubishi may indeed pull the plug on its US operations.
Finally for the record, the Wall Street Journal is still THE SOURCE for information on publically traded companies here and abroad. Once you appear on the cover the damage is done.
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