1994 Mitsubishi 3000gt Base Coupe 2-door 3.0l on 2040-cars

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Mitsubishi reportedly plans to spend billions to get back in the game

Japanese automaker Mitsubishi Motors reportedly plans to inject more than 600 billion yen ($5.35 billion) in capital spending and research and development over the next three years through fiscal 2019 in a bid to turn around its business after recent scandals. The Nikkei newspaper said the new plan calls for spending 5 percent of annual sales on equipment and the same proportion on R&D. Funds will be used by the company for the development of electrified vehicles such as the new e-Evolution concept and for production in China and Indonesia. Mitsubishi Motors will release the specifics of the new medium-term plan on Wednesday, the business daily said. ($1 = 112.1600 yen) Reporting by Sumeet Gaikwad Related Video: Image Credit: Reuters Earnings/Financials Green Plants/Manufacturing Mitsubishi Technology Emerging Technologies Electric research and development nikkei

Junkyard Gem: 2012 Mitsubishi Eclipse Spyder

When Chrysler and Mitsubishi partnered to establish the Diamond-Star Motors plant in Illinois, the first cars built at that facility were 1990 Mitsubishi Eclipses along with their Eagle Talon and Plymouth Laser twins. The Eclipse went through four generations, with 2012 as the final model year. Today's Junkyard Gem is one of the very last Eclipses, found in a Denver car graveyard recently. This generation of Eclipse was built starting with the 2006 model year, and it was based on a platform shared with the Galant and Endeavor. It was substantially larger than the early Eclipses, scaling in at nearly 3,500 pounds. The Spyder convertible version of the fourth-gen Eclipse debuted in the United States as a 2007 model. Sales were never strong and became downright miserable by the end, with fewer than a thousand 2012 Eclipses (both coupes and convertibles) leaving showrooms. This car is a base-grade GS with automatic transmission, and its VIN indicates that it was built for fleet sale. This would have been a fun rental car, at least compared to the Dodge Nitros and Kia Rios that stocked rental fleets in the early 2010s. The engine is a 2.4-liter SOHC straight-four rated at 162 horsepower and 162 pound-feet. The MSRP was $27,999, or about $38,581 in 2024 dollars. 2012 was also the final year for the Galant in the United States, though that was the model year in which the i-MiEV went on sale here. For the 2018 model year, Mitsubishi revived the Eclipse name — sort of — for the Outlander-derived Eclipse Cross compact SUV, which is still being built to this day. Rare? Very. Valuable? No. You could get the Eclipse Spyder with a 650-watt sound system. Driven to thrill.

Mitsubishi Motors posts surprise loss as car sales slide

TOKYO — Mitsubishi Motors on Friday posted a surprise operating loss in the third quarter, its worst quarterly performance in more than three years, hurt by falling sales in China, Japan and Southeast Asia, as well as a stronger yen. The carmaker posted an operating loss of 6.6 billion yen ($60.2 million) for the October-December quarter, widely missing an average forecast for a profit of 11.6 billion yen, based on analyst estimates compiled by Refinitiv. It was the firm's biggest loss since the July-September 2016 quarter, when a mileage cheating scandal sapped profits. However, Mitsubishi stuck to an earlier forecast for a 73% drop in full-year operating profit to 30 billion yen in the fiscal year ending in March. The automaker's net loss for the quarter just ended came in at 14.4 billion yen. The fall in quarterly sales was worst in China and at home, while sales also slipped in ASEAN countries, traditionally a stronghold, leading to a 16% fall in global vehicle sales to 320,000 units. The automaker also said it would keep some of its offices in China closed through Feb. 9, as a new coronavirus spreads throughout the country and beyond. The automaking alliance of Mitsubishi, Renault and Nissan on Thursday said they had "no other option" but to drastically improve their joint operations to remain competitive in the fast-changing global auto industry. Related Video:           (Reporting by Naomi Tajitsu; editing by Richard Pullin) Earnings/Financials Mitsubishi