Mitubishi Evolution 8 on 2040-cars
Astoria, New York, United States
ENGINE: 2.3L Manley stroker kit GSC S2 Cams Supertech Valves, Springs and Retainers ARP Engine Bolts FP Black Turbo.... very conservative on turbo (big mistake) PT1200cc Injectors Perrin Fuel Rail Fuel Lab regulator Ported intake manifold with plastic gasket Walbro fuel pump Envidia tubular exhaust manifold Custom 3 inch intercooler piping Slim battery with extra battery in truck fully functional Coil on plug kit MAP atmosphere turbo dump very loud AMS turboback exhaust very nice sound KOYO radiator with samco hoses Tial BOV (BLUE) Tripple disc clutch exedy (chirps when pressed) I was told is totally normal. ETS 3.5 intercooler HKS timing belt (purple) with clear cover Balance shaft eliminator kit OMNI 5 BAR SENSOR NGK plugs step colder D2 coilovers WATER PUMP...OIL PUMP ALL CHANGED AT TIME OF THE BUILT OEM PARTS... INTERIOR: AEM WIDEBAND AEM boost controler AEM battery gauge SSL leather complete front, back and door panels Greddy shift knob Pioneer radio with blutooth O2s front an back speakers hooked up to a JL audio amp HD series very nice amp small but loud!! 10w7 JL audio woofer enclosed hooked up to a JL audio amp HD series as well.. The lil music I have is enough for someone to enjoy clean and a deep awesome base nothing extremely loud which the amps are capable of giving u with extra components but I like it the way it is....I will include the system on the sale but I also can and will drop $1000 with BUY IT NOW OPTION ONLY myslf taking the amps and base box out of the car. EXTERIOR: DO Luck front lip (not show in picture) but will have one installed.... Rear ARP diffuser OEM window visors Rally armor splash guards Evo 9 wheels painted orange Also have a set of EVO 9 wheels coated gold......I will sale only 1 set of wheels....buyer can make the choice which wheels to be put on the car. CAR MADE 505HP WITH 461POUND OF TORQUE ON PUMP GAS @28lbs boost very conservative tuned!!!!!Car has a lot more potential going with e85 ......car will easy make over 600hp with a different tuned enough power to drive on the streets aprox less than 10k on built engine......a lil more love wont hurt this EVO. Check this youtube video!!!!tach motor work junior tuned evo 8 2.3L stroker...... |
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Subprime financing on the rise in new car sales, leasing too
Fri, 07 Dec 2012We all remember the financial crisis that began several years back. At its core was a splurge of subprime lending for housing loans. The housing bubble burst, triggering a collapse of the mortgage-backed securities market. Apparently, those types of loans still exist in the automotive industry, and the market share for these types of "nonprime, subprime, and deep subprime," loans has grown 13.6 percent compared to the third quarter a year ago.
According to an Automotive News report, high-risk lending expanded to 24.8 percent of total loans in Q3, up from 21.9 percent for this time last year. As this level increased, average credit scores of borrowers dropped to 755, down from 763 a year ago. In that time, the average financing amount increased $90 per vehicle, to $25,963.
At 818, Volvo maintains the highest per-owner credit score, while Mitsubishi has the lowest, at 694. The highest rate of borrowers was at Toyota, with 14 percent of the market, followed by Ford with 13.1 percent and Chevrolet at 11.1.
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.
Mitsubishi boss confirms new Mirage for US; i EV enduring dismal sales
Mon, 12 Nov 2012
By March, Mitsubishi expects to have sold just 55,000 cars in the US this fiscal year. That's a tiny sum - by comparison, Honda has sold over 276,000 Civic models thus far this year - and that's just one vehicle, not an entire brand. Mitsubishi president Osamu Masuko recognizes this is not a tenable position, and he's hoping the company will shift 80,000 units next fiscal year. Warding off speculation, Masuko has repeatedly stated that his company will not retreat from the US market like competitor Suzuki.
We reported on one part of Masuko's plan, the updated Outlander, and now he has confirmed that the small Mirage will be sold in the US beginning next September. The cut-price hatchback is selling well enough that Mitsu's Thailand plant is at its full capacity of 150,000 cars. "And even at that level it's not keeping up with orders," Masuko tells Automotive News. Masuko went on to say the plant would be expanded next year to handle an extra 50,000 units. We can also expect the Outlander plug-in early 2014.