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Mitsubishi to sell only EVs, hybrids by mid-2030s

TOKYO — Mitsubishi Motors Corp plans for hybrid and battery electric vehicles to account for all new car sales by the middle of the next decade, beefing up its electrification strategy for staying competitive in key markets. Mitsubishi, which is also a junior partner in an alliance with France's Renault SA and Nissan Motor Co, said it will roll out 16 new models over the next five years. The Japanese automaker, known for its Outlander sport utility vehicle, stuck to a previous goal of having half of its new car sales electrified by fiscal 2030 and on Friday newly pledged to raise that further to 100% by fiscal 2035. Mitsubishi considers plug-in hybrids (PHEV), hybrid electric vehicles and battery electric vehicles (BEV) as electrified vehicles. Electrified vehicles accounted for about 7% of the company's total new car sales in fiscal 2021. "Among our existing models, we'll expand the geographical areas where our flagship PHEV Outlander is being offered and build out the sales of the Minicab-MiEV light commercial EV that was relaunched last year," Chief Executive Takao Kato said. Among the 16 new models Mitsubishi plans to roll out, one will be a BEV Renault alliance model, while another will be a Nissan alliance model, Mitsubishi said in presentation materials that were part of its fiscal 2023-2025 business plan. Mitsubishi, an early mover in EVs in the early 2010s, currently has no BEVs in its line-up in Europe. Its new BEV for Europe would mark a comeback in a highly competitive market where new entrants such as Tesla have already rapidly won market share. The model could be a variant of the Renault electric MPV Scenic made in France and expected in 2024, or a variant of the Renault electric city cars R5 or R4 expected respectively in 2024 and 2025 and also made in France, a source close to the matter said. Mitsubishi Europe declined to comment on the matter. Of the other 14 models Mitsubishi plans to launch, seven will be purely combustion engine-powered ones, five will be hybrids and the remaining two will be BEV, the company said. (Reporting by Daniel Leussink and Gilles Guillaume; Additional reporting by Elaine Lies; Editing by Chang-Ran Kim, Shounak Dasgupta and Christina Fincher) Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Green Mitsubishi Electric Hybrid

Nissan is exploring the sale of its 34% stake in Mitsubishi

TOKYO — Nissan is looking to sell some or all of its 34% stake in Mitsubishi Motors, Bloomberg News reported on Monday, citing unidentified sources, a move that would reshape a three-way alliance that includes France's Renault. Nissan shares rose 5% on the news. Mitsubishi Motors was up 3%. "There are no plans to change the capital structure with Mitsubishi," a Nissan company spokeswoman told Reuters in an emailed statement. A Mitsubishi Motors spokesman said the same, adding the company would continue to collaborate within the alliance. Renault did not immediately respond to an email seeking comment. Nissan, struggling to recover from the pandemic-induced downturn, could sell its stake to a Mitsubishi group company such as Mitsubishi Corp, which already owns a fifth of Mitsubishi Motors, Bloomberg said. Such a deal would fundamentally alter a three-way partnership built by Carlos Ghosn, former chairman of the alliance, which plunged into confusion when he was arrested in 2018 on charges of financial misconduct. Ghosn had wanted a full merger of Renault and Nissan, which was shelved, according to Reuters sources, as the companies decided to fix the troubled alliance. The pandemic has, however, compounded problems and made a recovery hard. Nissan, which is 43% owned by Renault, last week cut its operating loss forecast for the year to March by 28%, helped by a rebound in demand, especially in China. Mitsubishi Motors, Japan's No.6 automaker, expects to post an operating loss of 140 billion yen for the business year. Both companies are cutting production levels and costs in a bid to return to profitability. Related Video:

2022 Mitsubishi Outlander Luggage Test | Three rows, two tests!

Well, this is a first. Normally, three-row vehicles are so enormous that doing a luggage test with the third row lowered is a total "no kidding" proposition. I'd run out of stuff in my garage long before I'd fill up a Kia Telluride. As such, I only test the space behind the raised third row of three-row SUVs because that can actually be some useful information. The 2022 Mitsubishi Outlander is not a typical three-row SUV, however. It's one of only two SUVs in the compact segment, along with the Volkswagen Tiguan, that offers a third-row seat. As I've already demonstrated, it's not much a seat, but its presence and the need to accommodate it does mean the Outlander has one of the largest cargo volumes in the compact segment.  As such, what we're getting here is the first Double Luggage Test© whereby I'll be treating the Outlander like both a compact SUV and a three-row one, testing it with both the third row raised and lowered. Right!? Pretty damned exciting.  Test 1! Here's what you get with third row raised. On paper, Mitsubishi says this is 11.7 cubic-feet, which is indeed the smallest three-row number I've come across while luggage testing. Congratulations Cadillac XT6, you're no longer last! Wait, hold that thought ... Thanks to those comically tall head restraints and the Outlander's D pillar shape, I could actually safely place the fancy bag on top without it flying forward or excessively blocking rearward visibility (the two reasons I don't load to the roof in these tests). You can see that visibility below right. Below left you can see the 12.6-cubic-foot Cadillac XT6, which could not fit the fancy bag as such (though, obviously, you could fit something). So, sorry XT6, you're in last again. Mwa mwa.  Ah, but what about under-floor space. There's indeed some available. It houses the cargo cover encased in a foam mold that also houses those comically tall headrests when not in use. Remove it all, and there is a decent amount of extra space unearthed, which could theoretically free up some extra space if you left the rigid floor open. That's not the same as vehicles like the Honda Pilot and Kia Telluride, though, which more obviously intend you to use the under-floor space in such a manner.  Test 2! With the third-row lowered and the second-row reclined to a natural position, this is the space available. The specs say it's 33.5 cubic-feet, which falls short of the class-leading Honda CR-V (39.2), Toyota RAV4 (37.5) and Hyundai Tucson (38.7).