2001 Mitsubishi Galant Es Sedan 4-door 2.4l Pearlescent on 2040-cars
Mastic, New York, United States
Transmission:Automatic
Body Type:Sedan
For Sale By:Private Seller
Vehicle Title:Clear
Options: Pioneer iPod compatible, Pioneer deck, 2 12" subwoofer in l.e.d lite box, Sony xplode 1200amp, sony xplod 1200 amp, Short ram air intake, Upgrade pioneer speakers, euro tail lights, 17" chrome rims, CD Player
Exterior Color: pearlescent green 2 purple
Safety Features: Anti-Lock Brakes, Driver Airbag, Passenger Airbag
Interior Color: Gray
Power Options: Air Conditioning, Cruise Control, Power Locks, Power Windows
Number of Cylinders: 4
Disability Equipped: No
Number of Doors: 4
Warranty: Vehicle does NOT have an existing warranty
Mileage: 138,370
I'm selling a 01 galant with custom pearlescent paint. 17 inch chrome rims in decent condition. Interior is in good condition no rips,no stains, couple slight burn marks from previous owner (see photos). System really bumps, it's loud and clear no distorted sound like cheap systems. Pioneer deck with ipod/iphone wire in glovebox. pioneer speakers throughout the car and dual 12in subwoofer hooked up to a 1200watt sony xplode amp . could use a tune up. But this is a real Gas Saver !!!! 30+ MPG.
logo on rear window has been removed.
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DoJ fines Japanese parts firms $740M in massive automotive price-fixing scandal
Fri, 27 Sep 2013Nine 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 CEO vows to stay in US on heels of Suzuki's departure
Wed, 07 Nov 2012By now, you're surely aware that Suzuki is pulling out of the US market. It was a bit of a foregone conclusion to most who've been paying attention to the automotive realm, but it still sent a small shockwave through the industry. And one of the most oft-heard retorts goes something like this: "Next up: Mitsubishi."
It's easy to understand why many question Mitsubishi's existence in the States. After all, now that Suzuki is gone, Mitsubishi is the Japanese automaker with the fewest sales in America. Furthermore, the automaker's market share has dropped from .7 percent to just .4 percent after seeing sales fall 29 percent to 50,103 units through October.
In any case, Mitsubishi fans needn't worry. Speaking to Automotive News, Mitsubishi President Osamu Masuko said, "We have no intention whatsoever of withdrawing from the US market." That's about as clear as clear can get. It's also worth mentioning that Gayu Uesugi was just named chairman of Mitsubishi Motors North America, and his main responsibility will be to revitalize the brand in the US.
Mitsubishi hopes to raise $2.5B with stock sale
Wed, 22 Jan 2014Mitsubishi, which dates all the way back to 1870, is one of the oldest business collectives in Japan. Today, the various businesses that share the Mitsubishi name are largely independent of each other. The automotive unit, however, has fallen on hard times over the past few years.
Back in 2004 and 2005, Mitsubishi Motors sold billions of preferred shares to sister companies like Mitsubishi UFJ Financial Group, Mitsubishi Heavy Industries and Mitsubishi Corp. Now the automaker is preparing to buy back those shares, only to raise the capital, it's selling $2.5 billion worth of shares, simultaneously paying stock dividends for the first time in over 16 years.
The stock issue will reportedly include as many as 241 million shares at a value of $10.73 each. The move is part of a long-term reorganization being implemented by the automaker's president Osamu Masuko, and is expected to help the company double its net income and eliminate all outstanding preferred shares by the end of the fiscal year closing in March.