Find or Sell Used Cars, Trucks, and SUVs in USA

1999 Mitsubishi Montero Sport Xls Low Miles Sunroof Tow Package Michelins Mint! on 2040-cars

US $3,950.00
Year:1999 Mileage:93905
Location:

Miami Beach, Florida, United States

Miami Beach, Florida, United States
Transmission:Automatic
Engine:3.0l
Body Type:SUV
Vehicle Title:Clear
Condition:

Used

VIN (Vehicle Identification Number)
: JA4LS31H9XP022717
Make: Mitsubishi
Mileage: 93,905
Model: Montero
Sub Model: XLS Sport
Year: 1999
Number of Cylinders: 6
Trim: Montero Sport XLS
Drive Type: rwd

Absolutely wonderful 1999 Mitsubishi Montero Sport XLS for sale. Garage kept with 93k original miles. Fully loaded with power sunroof, tow package, cd player, keyless entry, alarm, alloy wheels and more. Well maintained with Michelin tires and a new battery. Runs and drives great with no issues. No warning lights and everything works. The interior is extra clean and was never smoked in. The paint and body are near perfect with no dings, dents or scratches. Must see to appreciate. Call or text 305-306-2161 with any questions.

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DoJ fines Japanese parts firms $740M in massive automotive price-fixing scandal

Fri, 27 Sep 2013

Nine Japanese suppliers have pleaded guilty in US court over charges of price fixing in the automotive parts industry, resulting in the Department of Justice doling out a total of $740 million of fines, according to a report from Bloomberg. The scandal, which has resulted in General Motors, Ford, Toyota and Chrysler spending up to $5 billion on inflated parts and driving up prices on 25 million vehicles has sent the DoJ hustling into investigations. "The conduct this investigation uncovered involved more than a dozen separate conspiracies aimed at the U.S. economy," Attorney General Eric Holder (pictured above) said during yesterday's press conference.
As the investigation stands, the DoJ has issued $1.6 billion in fines against 20 companies and 21 individual executives, with 17 of the execs headed to prison. Deputy Assistant Attorney General Scott Hammond said, "The breadth of the conspiracies brought to light today are as egregious as they are pervasive. They involve more than a dozen separate conspiracies operating independently but all sharing in common that they targeted US automotive manufacturers."
Big-name suppliers indicted in the investigation include Mitsubishi Electric, Mitsubishi Heavy Industries, Hitachi Automotive and Mitsuba Corporation. A list of fines and other corporations named in the investigation is available at Bloomberg.

Mitsubishi pondering $2B share sale?

Sun, 15 Sep 2013

Mitsubishi makes the brilliantly fast, wonderfully fun Lancer Evolution. Outside of that road-going rally car, the rest of the range is pretty poor - the new Outlander isn't bad, but the subcompact Mirage looks like might've been competitive five years ago, while the Galant and Lancer have suffered from serial neglect.
This hasn't just lead to rumors of Mitsu's death in America; the subsidiary of the massive Mitsubishi Group has been in trouble at home, too. It was bailed out by three other Mitsubishi Group companies - Mitsubishi UFJ Financial, Mitsubishi Heavy Industries and Mitsubishi Corporation - between 2004 and 2005, according to Bloomberg. Now, it's attempting to extricate itself from "emergency mode," as analyst Koichi Sugimoto told the financial site, adding that "they're still in the very early stages of recovery."
As part of the bailout, Mitsubishi issued its three saviors billions of dollars of preferred shares, which don't have voting rights. The problem is, Mitsubishi hasn't issued dividend payments since 1998, and these stocks aren't exactly competing with Apple or Google, in terms of value. In other words, they're mostly worthless. With a public offering, Mitsubishi is expecting to raise 200 billion yen, or about $2 billion, in order to reduce the number of preferred shares. If all goes according to plan, it will wipe out preferred shares by March of 2014, or the end of fiscal year 2013.

Consumer Reports says these are the worst new cars of 2014

Thu, 27 Feb 2014

Consumer Reports has announced its annual list of worst vehicles, a cringe-inducing contrast to its list of top vehicles. Ignominiously leading the way in 2014 is Chrysler, which has a staggering seven models listed.
Jeep nearly sweeps the small SUV segment by itself, with its Compass, Patriot and 2.4-liter version of the new Cherokee, while the only midsize sedans listed by CR were the Chrysler 200 and Dodge Avenger. The new Dodge Dart and the Dodge Journey round out CR's condemnation of Chrysler.
Ford is taking heat as well, with the Taurus, Edge and their counterparts from Lincoln all listed as the worst vehicles in their respective segments. Toyota doesn't fare much better, with its Lexus IS, Scion iQ and tC also making the list.