2003 150k Dealer Trade Leather Absolute Sale $1.00 No Reserve Look! on 2040-cars

Auto blog

Nissan, Mitsubishi confirm plans to invest in Renault EV unit Ampere

PARIS — Renault's longstanding alliance partners Nissan and Mitsubishi confirmed plans to invest in the French car maker's electric vehicle unit Ampere and use it to develop EVs for the European market, the companies said on Wednesday. After years of contentious partnership, the announcement on Wednesday confirms that the new alliance between the three automakers is smaller and more pragmatic, focusing on regional cooperation. Nissan and Mitsubishi confirmed they would invest respectively up to 600 million euros ($647.46 million) and 200 million euros in Ampere, which has been carved out from the rest of Renault and is due for a public listing next year. Nissan will become "a strategic investor" in Ampere, Makoto Uchida, CEO of the Japanese car marker told reporters, adding the company may use the EV unit's software and connectivity innovations in other markets outside Europe. "Developing electric vehicles all over the world alone would be very challenging," he said. Ampere will develop and manufacture an electric version of the compact Nissan Micra for the European market and a medium-sized electric SUV for Mitsubishi. Renault CEO Luca de Meo said Ampere will cut the costs for the Micra for Nissan by 50%. The alliance partners also confirmed their joint projects in Latin America and India. In September, Renault, Nissan and Mitsubishi ended their common purchasing agreement, which they said would allow them to focus on individual projects and adapt more quickly to regional differences in automotive markets. At the end of July, Renault and Nissan finalised the terms of a restructured alliance after months of negotiations. Talks dragged on for months longer than expected due in part to Nissan, which was concerned about protecting its intellectual property in future collaborations. Related video: Earnings/Financials Green Mitsubishi Nissan Renault Electric

Mitsubishi boss says US operations may break even next year

Mitsubishi has lost money in its North America operations every year since 2007, but in an interview at this week's Tokyo Motor Show, company president Osamu Masuko said, "If things keep going well, it might be the case that we break even this year," Automotive News reports.
A little context: Last month Mitsubishi predicted that it would lower its operating loss in the region to 4-billion yen ($40.7 million) by March 31, the end of the fiscal year, well below the previous fiscal year's operating loss of more than five times that amount. Reflecting that, production at the Japanese automaker's sole North American factory in Normal, Illinois, has grown to 56,630 vehicles through October, compared to 27,339 through the same period last year.
The plant makes the Outlander Sport for the US and for export to markets such as Russia, the Middle East and Latin America. Interestingly, out of the 56,630 Outlander Sports built at the Illinois plant through October, only 20,150 were sold in the US.

2022 Mitsubishi Outlander gets IIHS top rating with improved lights

The current sticking point for the Insurance Institute for Highway Safety's (IIHS) highest honors, the Top Safety Pick+, is headlights. The 2022 Mitsubishi Outlander, despite having strong results in almost every category, missed out on any Top Safety Pick rating because of lights rated "Poor" on all models. But Mitsubishi has now fixed them, getting the crossover the coveted award. The rating applies to Outlanders built after June 2021. The LED reflector headlights now have the top "Good" rating on all trim levels because of reduced glare for oncoming drivers. There's also some additional good news for existing owners of Outlanders. They can go to their Mitsubishi dealer, where the existing headlights will have the aim adjusted to reduce glare. The Outlander already had excellent results in crash testing and crash prevention. Every crash test yielded a "Good" rating, and in both vehicle-to-vehicle and vehicle-to-pedestrian crash prevention it got the top "Superior" rating. Even the child seat LATCH anchor access is rated "Good." The Outlander joins the ranks of a number of other small crossovers with the Top Safety Pick+ award, including its platform-mate the Nissan Rogue. Other winners include the Ford Bronco Sport, Hyundai Tucson, Mazda CX-3, Mazda CX-30, Mazda CX-5, Subaru Forester and Volvo XC40. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.