2000 Mitsubishi Eclipse Gt Coupe 2-door 3.0l on 2040-cars

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Nissan board meets but doesn't pick a replacement for Ghosn

YOKOHAMA, Japan — Nissan's board met Monday but failed to pick a new chairman to replace Carlos Ghosn, who was arrested last month on charges of violating financial regulations, saying more discussion was needed. Nissan Motor Co. Chief Executive Hiroto Saikawa told reporters that the board approved a special committee of outsiders to strengthen governance at the company. A date for the selection of a chairman was not decided. "We plan to be cautious in this process, and I do not plan to rush this," Saikawa said. The recommendations for beefing up governance are due in March, and Saikawa said he was willing to wait until then to choose a chairman. The board meeting came amid an unfolding scandal that threatens the Japanese automaker's two-decade alliance with Renault SA of France and its global brand, and highlights shoddy governance at the manufacturer of the Leaf electric car. Related: Carlos Ghosn coup theory grows: Did Nissan set him up for a fall? Ghosn and another board member Greg Kelly were formally charged last week with falsifying financial reports in underreporting Ghosn's income by about 5 billion yen ($44 million) from 2011 to 2015. They were arrested Nov. 19 by Tokyo prosecutors and remain in detention. A source close to Ghosn's family says Ghosn is innocent, as the alleged income was never decided upon or paid. Aubrey Harwell, the U.S. lawyer for Kelly, an American, says he is innocent, and that Nissan insiders and outside experts had advised him that the financial reporting was proper. The chairman must be selected from among the board members. Three outside board members — race-car driver Keiko Ihara; Masakazu Toyoda, an academic; and Jean-Baptiste Duzan, formerly of Renault — are making that decision. The special committee for governance includes the three outside board members and four other outsiders, including former judge Seiichiro Nishioka. One candidate for chairman is Saikawa, who was hand-picked by Ghosn to succeed him as chief executive. He has denounced Ghosn and Kelly as the "masterminds" in a scheme to falsify income reports and abuse company money and assets. Renault has kept Ghosn as chief executive and chairman, saying its investigation has not found wrongdoing in the awarding of Ghosn's compensation. Saikawa called on directors at Renault to heed its reasons for sacking Ghosn, but Renault's interim chairman Philippe Lagayette said on Friday that its board had not considered a replacement.

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).

Mitsubishi pondering $2B share sale?

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.