1996 Mitsubishi Eclipse Gs Hatchback 2-door 2.0l on 2040-cars

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Mitsubishi Lancer Evo X Final Edition gets official for Japan only

It'll be the end of an era when Mitsubishi discontinues the Lancer Evolution, putting to rest a dynasty that challenged the Subauru WRX STI for decades. But before it does, the Diamond-Star automaker is sending off its most celebrated model with the Final Edition you see here. Unfortunately, it's nowhere near as cool as the concept. While the showcar pumped the output from its 2.0-liter turbo four to 473 horsepower thanks to a remapped ECU and a fresh HKS turbocharger, the production version is sticking with the stock 296 hp. It's otherwise based on the GSR model, so it's got a five-speed gearbox, but packs a long list of top-shelf equipment: BBS alloys, Bilstein shocks, Eibach springs, Brembo brakes, Recaro seats... the works. Mitsubishi will only offer 1,000 examples of the Evo X Final Edition in Japan, where buyers will be able to choose between five exterior colors and a contrasting roof in black or white. We don't know at this point whether a similar special will be offered Stateside, but if it is, we hope it'll pack at least some of the concept's power upgrades (we can dream, right?).

Mitsubishi is auctioning its entire UK heritage fleet with no reserve

Mitsubishi will exit the United Kingdom in the fall of 2021 after struggling for several years, and its losses can be your gain. Before it leaves, it will auction its fleet of 14 beautifully-preserved classic models with no reserve. There are 14 classics that need a new home, and the collection includes something for everyone. Enthusiasts can bid on a 1974 Lancer 1400 that stands out as the first Mitsubishi ever registered in the United Kingdom. It was displayed at the 1974 edition of the British Motor Show, and it's bid to 15,000 pounds (around $20,800) as of writing. Another 47-year-old classic is a Colt Galant 2.0 imported to the United Kingdom in the spring of 1974 and used as a demonstrator to recruit dealers. It's currently sitting at 5,000 pounds, which represents about $7,000. For something quicker, there are several versions of the Lancer Evolution to choose from. One is a 2001 model signed by pilot Tommi Makinen. Another is a 2015 FQ-440 MR, a limited-edition model built in 40 examples to send off the nameplate. There is also a 2008 Evo, and a 2007 model built to Group N rally specifications. It competed in the British Rally Championship in 2007 and 2008. Alternatively, a Galant-based rally car is up for grabs, too. Coupes are relatively well represented, with a 1988 Starion whose engine was recently overhauled, and a 1992 3000GT. Performance is only one part of the Mitsubishi story, however; off-roading is another, and there are several SUVs to choose from. Mitsubishi is selling a 1987 short-wheelbase Shogun, which was sold as the Montero in the United States, a 2000 Shogun, and an L200 Desert Warrior pickup. Our favorite of the lot is a 1983 Jeep J27, which, as its name implies, was produced under license from Willys. It was given a full restoration in the 2000s. Mitsubishi is also selling a 7/10-scale replica of the Model A. Finally, it's letting go of numerous personalized plates, and it's parting with a 2015 Outlander finished in Glacier Blue and showing approximately 1,800 miles. Bidding started on April 1, 2021, and each auction is scheduled to end on April 30, 2021. If you want to bag one of Mitsubishi's classics, visit the Auto Auction website to place a bid and keep your fingers crossed. The collection is located in England, but many of the cars are old enough to be imported to America and registered in most states.

Mitsubishi slashes annual profit forecast on slowing car sales

TOKYO — Mitsubishi Motors on Wednesday cut its full-year profit outlook by 67% as it expects sluggish demand in North America and China will continue, while a strong yen and research and development costs will also hurt the automaker's bottom line. Japan's sixth-largest automaker now expects operating profit to come in at 30.0 billion yen in the year to March, down from a previous forecast for 90.0 billion yen. The new outlook would be Mitsubishi's lowest profit since the year ended March 2017. The downgrade comes after Mitsubishi, in which Nissan holds a controlling stake, reported a 78% plunge in operating profit during the July-September quarter to 6.3 billion yen, lower than a mean forecast for 16.26 billion yen from analysts polled by Refinitiv. It joins a growing number of Japanese automakers which are bracing for lower profitability. Earlier on Wednesday, Subaru lowered its annual profit forecast due to a stronger yen and a cut in domestic output due to a major typhoon last month. Mazda and Suzuki have also cut their respective outlooks within the past month due to slowing demand for their cars. Earnings/Financials Mitsubishi