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Mitsu Motors Loses $4.4 Billion in 2005

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Old May 24, 2005 | 12:04 AM
  #31  
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There are many problems that have never been addressed.......better customer service, warranty issues, the total lack of power in other models (especialy the Montero- I would buy one in a heart beat if the powertrain was upgraded); and the front grills on all models but the Evo are butt ugly. Many people probably dont remember, but not that long ago Nissan was going down the tubes and they improved customer service, added style to their product line and improved power / performance all the way around. Mitsubishi doesnt even seem to be trying...........
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Old May 24, 2005 | 12:27 AM
  #32  
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Originally Posted by BuLocal
There are many problems that have never been addressed.......better customer service, warranty issues, the total lack of power in other models (especialy the Montero- I would buy one in a heart beat if the powertrain was upgraded); and the front grills on all models but the Evo are butt ugly. Many people probably dont remember, but not that long ago Nissan was going down the tubes and they improved customer service, added style to their product line and improved power / performance all the way around. Mitsubishi doesnt even seem to be trying...........
I agree with you on the after-the-sale Customer Service part...

After working at a Mitsubishi dealership and testing a few around the area, I can truthfully say they are specifically trained to look for anyway possible to convince you into thinking you need something else that you really don't need at that exact moment in time. It does add up for them business-wise, but the feeling one gets while their doing this isn't very comforting.

However, if you come at them nicely and let them know they are in control of the situation and you are not clueless about cars, their conscience will kick in and they'll take care of you. They might even discount you.

Until you break that barrier, there's really nothing you can do (well, anything I could do) except to try and correct the first relationship with a dealer or simply try the next one.

The next one worked for me.

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Old May 24, 2005 | 12:39 AM
  #33  
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Originally Posted by Hiboost
What they need is hybrid technology for both their mainstream cars and Performance Hybrid technology. Imagine an Evo with a 300 HP turbo engine and another 150 HP from an electric engine yet still get 30 MPG or more. Honda came out with that Accord using Hybrid technology that actually is faster than the normal models. The mainstream cars could easily get 35-40 MPG if they really tried and still have decent performance.
Your joking right? The accord is better than the evo in everthing except speed. The accord is more pratical than the evo, to hybrid an evo it would cost waaay more than the curren evo(s) price. If anything to your statment, mitsu should release a hybrid galant, but who would buy that?

Also, for all you evo owners, the last thing mitsu needs to do is DO MORE FOR THE EVO. That's the last thing on there mind, as the evo does well for being a niche car, better than most out there now. They need to work on ads/marketing there model lancer, galant and eclipse lineup. There truck(s) and SUV(s) do fine.
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Old May 24, 2005 | 12:43 AM
  #34  
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Originally Posted by Arithmetic
Your joking right? The accord is better than the evo in everthing except speed. The accord is more pratical than the evo, to hybrid an evo it would cost waaay more than the curren evo(s) price. If anything to your statment, mitsu should release a hybrid galant, but who would buy that?

Also, for all you evo owners, the last thing mitsu needs to do is DO MORE FOR THE EVO. That's the last thing on there mind, as the evo does well for being a niche car, better than most out there now. They need to work on ads/marketing there model lancer, galant and eclipse lineup. There truck(s) and SUV(s) do fine.
Yeah, but nobody wants to buy them unless their 5 grand under invoice before rebate.
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Old May 24, 2005 | 12:49 AM
  #35  
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Originally Posted by BuLocal
There are many problems that have never been addressed.......better customer service, warranty issues, the total lack of power in other models (especialy the Montero- I would buy one in a heart beat if the powertrain was upgraded); and the front grills on all models but the Evo are butt ugly. Many people probably dont remember, but not that long ago Nissan was going down the tubes and they improved customer service, added style to their product line and improved power / performance all the way around. Mitsubishi doesnt even seem to be trying...........
Nope, not exactly. Nissan was going under and was bought out by renault, they brought nissan back with newer *exciting* looking models. If you notice compare to the old nissan, the newer one have a more euro/japanese look than before.
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Old May 24, 2005 | 09:26 AM
  #36  
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Originally Posted by mr-man
I had my heart set on an evo, but all I keep reading is about the financial trouble mitsu is in...i'm questioning my evo 9 decision, and don't flame me for this, but am exploring sti's, because whats the point of have a F***ing awsome car I can't get fixed or parts for if in 2 or 3 years mitsu is GONE...its a real possibility...I'm a biz major in Florida, and I love money just as much as my evo, so the potential to lose my money to the car I love if mitsu goes under...is...well...just a real f'ed up heart breaker...but well see in the comming months how they do...and if I will own the car i have now wanted...for years!
All the more reason to buy an EVO now. You may not be able to get a new one a year from now. You don't have a warranty anyway (if you so much as change the air filter), so don't worry about that. I'm thinking about buying another EVO in the fall (IX MR), just so I have a spare in case MMNA folds.
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Old May 24, 2005 | 10:10 AM
  #37  
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Yeah, the loan on my eclipse was sold within the first year. Everything stayed the same, though. It does just seem like a way for them to get cash now.
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Old May 24, 2005 | 10:27 AM
  #38  
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Wow that blows!
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Old May 24, 2005 | 10:34 AM
  #39  
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Your joking right? The accord is better than the evo in everthing except speed. The accord is more pratical than the evo, to hybrid an evo it would cost waaay more than the curren evo(s) price. If anything to your statment, mitsu should release a hybrid galant, but who would buy that?

Also, for all you evo owners, the last thing mitsu needs to do is DO MORE FOR THE EVO. That's the last thing on there mind, as the evo does well for being a niche car, better than most out there now. They need to work on ads/marketing there model lancer, galant and eclipse lineup. There truck(s) and SUV(s) do fine.
The Accord is the pinnacle of what an automobile should be ... better than the evo in everything in your eyes perhaps, sure, but not for me. Ok it was a bad comparison as they are totally different cars, but offering something in a car lineup that nobody else is doing would make Mitsubishi stand out of the crowd more. I was just listing an example of what they could do and a Hybrid Galant would be a more mainstream choice of offerings.

Yeah yeah yeah the Evo is fine, they do need to sell mass quantities of cars with minimal warranty issues and good profit margins to recover. I've seen a ton of decent ads for mitsu's lineup lately so not sure what else they can do except hire you.
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Old May 25, 2005 | 06:46 AM
  #40  
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Originally Posted by Hiboost
The Accord is the pinnacle of what an automobile should be ... better than the evo in everything in your eyes perhaps, sure, but not for me. Ok it was a bad comparison as they are totally different cars, but offering something in a car lineup that nobody else is doing would make Mitsubishi stand out of the crowd more. I was just listing an example of what they could do and a Hybrid Galant would be a more mainstream choice of offerings.

Yeah yeah yeah the Evo is fine, they do need to sell mass quantities of cars with minimal warranty issues and good profit margins to recover. I've seen a ton of decent ads for mitsu's lineup lately so not sure what else they can do except hire you.
It depends. Everybody has their idea of the perfect automobile. Whether to you it matters that it get 30 mile to the gallons or to me that my car will own yours in speed, thats why there are so many car makers and modles...to suit the tastes of TONS of car buyers
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Old May 25, 2005 | 06:47 AM
  #41  
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Originally Posted by Richard EVO
All the more reason to buy an EVO now. You may not be able to get a new one a year from now. You don't have a warranty anyway (if you so much as change the air filter), so don't worry about that. I'm thinking about buying another EVO in the fall (IX MR), just so I have a spare in case MMNA folds.
Yes, but what about parts? Doesn't the law require the manf. to make parts for a certain number of years after production is ceased? I want to know that if I invest (which I know is an oxymoron) in an evo, I'll be able to get parts for it down the line if mitsu goes under...
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Old May 25, 2005 | 07:15 AM
  #42  
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I have seen several companies go poof yet parts remain available. I have an Isuzu P/U. There are enough proprietary parts in the production pipline to last for a few years and some parts are out sourced. Never the less, Mitsu's motor division is a concern and has me looking elsewhere for my next car.
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Old May 25, 2005 | 08:04 AM
  #43  
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Originally Posted by mr-man
Yes, but what about parts? Doesn't the law require the manf. to make parts for a certain number of years after production is ceased? I want to know that if I invest (which I know is an oxymoron) in an evo, I'll be able to get parts for it down the line if mitsu goes under...
If MMNA goes into a liquidating chapter 11, they don't have to do squat.
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Old May 25, 2005 | 08:20 AM
  #44  
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damn, thats alot of $$$$.
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Old May 25, 2005 | 09:01 AM
  #45  
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The current issue of AutoWeek has a feature article on the new Eclipse. I really think MMNA's future rests on the '06 Eclipse selling like hotcakes. If it is a flop, say bye-bye to your local Mitsu dealer.
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