Well, Im working my *** off for an Evo, planning on getting around 15-20k down by this next Christmas. Will Mitsu go under by then? Will the Evo stop coming to the US? I don't know what to do, I want a new Evo, not used, but Im hoping that Mitsu won't pull out of the US by then and then it's just an issue of the warranty being honored =(

 

I dont think Mitsubishi is going to go under.....there was some talk of Diamler buying them out. I would stay away from Izuzu though...........

 

Umm...Im reading the same investor reports as everyone else about MMOA right? About dismal sales, Daimler/Chrysler wanting to pull out and Mitsu facing a financial black hole right?

Will it be too late?

 

damn - where i have been, i havent heard any of this. I hope it isnt true!!!

 

Chicken Little Syndrome...

The sky is not falling, do not worry.

 

whoever buys mitsu will definatelly keep evo, ive heard somewhere its mitsu best seller in north america
daimless especially likes to have high performance models in its line, just look at chrysler and sr4 srt6
i would expect better quality under daimler benz

 

They produced 6000 EVO's and it is there best seller?!? Say no to drugs umm-kay!

 

Sounds like trouble to me:

DaimlerChrysler to quit Mitsubishi

Reuters / April 22, 2004

STUTTGART, Germany -- DaimlerChrysler AG said on Thursday it was pulling out of Mitsubishi Motors, leaving its bid to become a global carmaker in disarray and throwing the future of the ailing Japanese firm into doubt.

The group said that it had decided not to participate in a rescue capital increase planned by Mitsubishi Motors Corp. because it could not agree on an acceptable deal with other shareholders in the loss-making company.

It also said it would not provide any further financial support to Mitsubishi, Japan's only unprofitable carmaker.

"This clearly means separation," a DaimlerChrysler spokesman said, adding that the 37 percent stake would be booked as discontinued business until a buyer could be found.

Mitsubishi representatives could not immediately be reached for comment.

The decision came after an extraordinary meeting of the DaimlerChrysler supervisory and management boards on Thursday.

Supervisory board sources said earlier that the company had discussed selling its 10 percent stake in South Korea's largest carmaker Hyundai Motor Co. Ltd., worth about 850 million euros ($1 billion), to help fund the Mitsubishi rescue.

Mitsubishi, Japan's fourth largest and only unprofitable carmaker, had been planning to present details of a 700 billion yen ($6.39 billion) bailout to shareholders on April 30.

Reeling from losses generated by a disastrous strategy of offering cheap car loans in the U.S., Mitsubishi is expecting a net loss of 72 billion yen for the 12 months to March 31. It had a profit of 37.36 billion yen the previous year.

Mitsubishi Motors' net automotive debt stood at around 726 billion yen six months ago, while total interest-bearing debt was 1.141 trillion.

"This could be the end for Mitsubishi if nobody else injects fresh capital," said one industry source.

DaimlerChrysler bought the stake in Mitsubishi over three years ago with a view to expanding its presence in Asia. It has since worked to establish closer production ties between the Japanese firm and its other problem child, U.S. automaker Chrysler, to cut costs.

 

ROFL. Keep saving, if does go under and shuts down ALL its dealership in a year ,highly unlikely, consider it a blessing.

BTW, Worldcom came out of bankruptcy now theyre MCI. Id give it a couple of years for them to go under again.

 

if they go under.... (which i would hate to see since i like my mitsu performance cars... just hate the US company) the EVO price would sky rocket

 

I doubt they would go under, mitsu is a lot more than just Mitsubishi Motor Corp. Yeah, they got problems, but other companies have had problems too.

 

You have to remember the Japan market is more forgiving then the US market. So getting sales up in America is always harder then back in Japan. But the fact they are failing in every market is a sign of things to come. Damlier pulls out of its 37 percent of shares leaving Mitsu to become more in debt. Its funny a Mitsubushi dealer just closed down around my way LOL. other companies have had problems but these are record breaking debts LOL. The fact they are looking for someone to bail them out is not a good sign. Thank god i got my EVO before they go under. LOL.

 

Trust me, they wont go under, they're a huge worldwide conglomerate, the Automotive sector is a tiny piece of the pie.

Mitusbishi makes more money in selling electronics and HVAC, than cars.

 

dude without evo, they would sell 6000+ cars less, ok?

there is no huge demand for other mitsu products.....

 

There is no huge demand for Evo's also