question about mitsubishis condition
Evolving Member
Joined: Mar 2005
Posts: 173
Likes: 0
From: Baton Rouge, LA
Originally Posted by 90GSX-03EVO
Fuji Heavy Industries owns Mistubishi, Subaru, Dihatsu, Isuzu, and a couple of others. It's one of the oldest industrial conglomerates in Japan. Fuji generates compettion between their own daughter companies more than anything else.
Originally Posted by Nosjunke
I agree with RonA. How about the American companies? They give $4500 rebates, and are devaluing their stock on a dialy basis. I thought I heard on CNN that GM stock was reduced to LESS than junk bond status. Mitsu stands behind there autos, offer little to no cash back in comparison to American Auto Makers. My wife drives an 04 Durango with a Hemi, and although we love it. We paid $31K for it last year, today it's worth about 20K. You pick.
Not to be a d1ck but that is stupid, their BONDS were downgraded to AA which is below investment grade, but that unltimately means nothing. These and other companies like them will NEVER go out of business. I work in the financial industry and know just a little bit about what Im talking about, American cars lose value all the time. PROVEN FACT. Most asian cars hold pretty good resale value, i get so tired of people going OMG mitsu is having problems, they are gonna go bankrupt, WAAAAAAAAAAAAAAAAA. STFU, they dont stand that far behind there products but they wont just disappear, if you like the car buy it, if you are worried about the company go buy a Scion and get off our board, (not directed at any one in general except maybe the orignal poster) I hate e-rumors. My 96 bucks. (worth way more than .02)
In the unlikly event that mitsu ever dows go out of buisness, i would imagine the EVO 8 to be a highly sought after vehicle. The reputation that it has alone not to mention the "street cred." that it has would probably make the consumer cry to get them back into the market. So if Mitsu does fold , hold onto your EVO's guys they will probably be worth something to enthusiasts if not collectors.
Originally Posted by andrew20195
I think you may be confused. FHI makes no mention of Daihatsu or Mitsubishi on their main corporate website. IIRC, MMC is partially owned by the Mitsubishi corporation, and partly by DaimlerChrysler.
Yeah, I'm on crack. I confused Fuso with Fuji, and even at that, I used it out of context.
Still, though. Mitsu isn't in any kind of serious trouble.
Evolving Member
Joined: Mar 2005
Posts: 173
Likes: 0
From: Baton Rouge, LA
Originally Posted by 90GSX-03EVO
Yeah, I'm on crack. I confused Fuso with Fuji, and even at that, I used it out of context.
Still, though. Mitsu isn't in any kind of serious trouble.
Still, though. Mitsu isn't in any kind of serious trouble.