Haha, I also was being sarcastic. I must have seen it myself about 30 times now. But it had been at least two days since we've seen it before I posted it...

 

Well... the yen going down means cheaper Evos for us

Anywho on a more serious note, I really think that Mitsu will get bailed out somehow. The company is old as dirt and is the big time main company under the Mitsubishi name. I would think somebody over there would not want to see the company go down. The government has expressed concern about the company, so I anticipate someone getting involved.

As far as DaimlerChrysler goes, well, why would they say that they're not gonna provide capital for Mitsubishi yet say they will continue working with them on joint vehicles. What happens if the company does indeed tank, then what does DaimerChrysler do about those vehicles? DaimlerChrysler is dumb as it is, outside of their affairs with Mitsubishi.

In any event, I dont think this news alone will greatly affect the arrival of the MR. Before I get jumped on let me explain. They already manufacture this car for other markets. As that is the case, there is not much increased cost in producing a few more for our market, especially since they will undoubtedly sell for a profit. So long as they can produce it and be profitable, they will do so. The company isn't just going to make Galants going foward, cause then they'd really be screwed.

However, I think the slumping sales of the 2003 Evos has a far greater effect on the MR showing up in our showrooms, and is why we haven't seen any firm news yet. People that want to see this company survive, go buy a friggen 2003 today and stop waiting for the MR. You'll get it near invoice probably, and its essentially the same car. I would, but I can't afford one today.

 

you guys have to read this...I don't know about mitsu anymore. It seems like the company has hidden defeats of vehicles for years, and it denied these problems for years. No wonder mitsubishi's are not popular cars in japan.

Check it out...

http://biz.yahoo.com/ap/040423/mitsu...motors_23.html

 

You're more right than you know...

Mitsu has been losing market share in Japan since '00 secondary to issues of quality and reliability. In fact, the truck division, who's reputation was supposedly bullet-proof, knowingly released faulty products secondary to decreased resources for R&D, which were being siphoned away to Mitsu Motors.

The strength and longevity of any foreign manufacturer is intimately dependent upon their strength in their home market, especially is they're losing sales abroad.

Mitsu is losing Japanese market share, and doing so rapidly.

In addition, the pullout by DaimlerChrysler comes at a pivitol time when their was hope of a "German" rescue by both Mitsu, the Japanese and the market.

MMC does not have the ability to weather $6-8billion dollars of investment/debt in a negative market environment.

g

 

The only hope is for another 3rd party investor needing a foothold in Asia... maybe VW.

Crazy29817 - DaimlerChrysler is infact, by not investing at a crucial time, beginning to cut ties with Mitsu. They can only fight one losing battle, and that's a faltering Chrysler. How long do you think D-C and Mitsu will be able to maintain amicable, professional ties?

Why would a company, that owns 37% of Mitsu, stop investment, devalue the shares and ultimately their own worth?

Because Mitsu's situation must be uglier than being relayed by the media... in essence, DaimlerChrysler's stance is equivalent to saying its cheaper to lose their investment, than to invest more.

So, yeah the MR maybe made, but is it worth the retooling, advertising, etc for a company that is trying to stay afloat... or is it more important for them to focus on big sellers?

By the way, if things go as planned and the MR comes, Mitsu is really doing no one any favors by delaying the release from the '04 by 4-5months. They are halting sales of the Evo, as people wait. No smart when you need money.

g

 

True except that the tooling is spent and being used already, MRs have been built for some time. Evo VIII production stopped some time ago. They probably wouldn't be able to make Evo VIIIs anymore anyways. They have already run their 10 - 13,000 total production run of VIIIs. So I think they just need to decide to sell them or not. The cost of selling cars in the US is considerable though.

 

WOW!!

"Sales in Japan have never recovered after Mitsubishi Motors acknowledged four years ago that it had systematically hidden auto defects for decades. The company recalled millions of vehicles. The automaker had already suffered losses as it struggled to compete with Japanese rivals Toyota Motor Corp. and Honda Motor Co."

That is shocking.

 

Uhhgghhh. This is bad news. I thought about how fun it was going to be to see the Evo X (and probably buy one). There really isn't a lot of appeal to me to go to the Slowbarus and I'm a mitsu fan through-and-through....but long-term prospects look a bit dismal. If the MR is made, I will buy one. Nonetheless, it looks like our Evos may be a short lived phenomenon. On the upside, it could make them quite a collectible down the road. Talk about limited production...only made for two years, outhandle everything, look totally different than everything else.... I'm hoping for Mitsu to pull this out somehow.

 

Yeah, I am really hoping that they will pull through also. As MyCre8n=Evlshn said though, if it does go under or the Evo is cut, then our cars will become collectibles. But, I don't think really think that they will go under, at least I sure hope they don't. It seems like since Mitsubishi is such a huge company all together that they could somehow pull together enough money to turn things around.

 

If a company goes out of business becuase it is thought of as having poor quality products and covering up defects, people don't think of their stuff as collectable.. Even if the Evo is "different" people see it as a Mitsubishi. that's horrible for resale value.

 

Resale value in the near future, sure. But if there were only 2 years of Evos made, then 15 years down the road, you're talking a whole different story. There are a host of collectible cars, worth a fortune, whose reliability was crap. The whole driving force of collectibility is whether the car was different, thought to be a "cool" car in its day, and rare. There are plenty of old chryslers (hardly known for reliability) which are worth a lot if you can find them in good condition.

Down side is, for the evo...who wants to keep it stock? Not me. Not many. So as far as a "collectible" mine's certainly not going to be a prime example...it's going to be very modified, if the MR doesn't come over.

 

15 years? maybe in 50. Any car in better than good shape 25 years down the road is remarkable in itself. Heck almost anything 25 years old in good shape.. That is more a factor of good care taking and age than any relation to whatever the product is. Has anyone or does anyone know of someone with an Evo in a vaccuum tube waiting for the year 2025 to be unsealed? I don't if Mitsu finances continue to sag and it's image with them, their products worth drops as well.

 

Bahaha... anyone remember the DeLorean?

 

I am sure that the mr edition is coming. This is not the first time an automaker has been in serious trouble. Porsche in the early 90's went through a similar situation [although not exactly]. Mitsubishi must get out of making inexpensive cars [quality wise]. Even Kia and Dawoo offer wood and leather. Navigation systems, HID headlights should be available on the mitsubishi lineup including the evolution mr. Since there are few differences in terms of parts, and the fact that the mr is available in other markets means that mitsubishi would not have to do much to bring it here. The more people express an interest, the more likely they will bring the mr over to the united states.

 

Remember that the Evo has a very low profit rate for Mitsu. Even if it doesn't take much, I doubt the returns are enough incentive. And with dealers crushing warranty work... who knows.