2001 Mitsubishi Montero Limited Sport Utility 4-door 3.5l on 2040-cars

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Autoblog Minute: VW finds CO2 'irregularities', Takata dropped by automakers, SEMA recap

Volkswagen's diesel emissions scandal gets a new wrinkle, US regulators hit Takata Corporation with a substantial fine, and we head to Las Vegas for a look at tuner paradise at the 2015 SEMA show. Autoblog senior editor Greg Migliore reports on this edition of Autoblog Minute Weekly Recap. Show full video transcript text [00:00:00] Volkswagen's diesel emissions scandal gets a new wrinkle. US regulators issue a significant fine to Takata Corporation. And we take a peek inside tuner paradise at the 2015 SEMA show. I'm senior editor Greg Migliore and this is your Autoblog Minute Weekly Recap. The VW diesel emissions scandal, first brought to light in September, gets a new wrinkle, as an internal investigation by the German automaker revealed [00:00:30] irregularities in CO2 emissions that could affect approximately 800,000 vehicles. VW estimates the issue could pose a 2-billion euro economic risk. VW claims that most of the vehicles affected have diesel engines, but industry analysts say a 1.4-liter gas engine is also affected. VW says that fuel consumption figures were set too low during the CO2 certification process. During all of this, sales of some diesel-powered Volkswagen, Audi, and Porsche models [00:01:00] have been halted. Takata Corporation is back in the news in connection with its deadly airbag scandal. Federal regulators fined Takata $70 million. If the parts supplier does not comply, the fine could balloon to $200 million. Takata was also dropped this week by its biggest customer, Honda. And now, Toyota and Mazda will be following Honda's lead in dropping Takata. We're also hearing that Mitsubishi and Subaru are considering a switch in air-bag inflator suppliers. SEMA 2015 [00:01:30] came and went. We saw offerings from Mopar, like the AWD Challenger concept. Honda unveiled a Ridgeline that it will race at the Baja 1000, which gives us a hint at what future production model could look like. The celebrity presence was also felt in Vegas as it always is. Kid Rock brought a Duramax Diesel Chevy Silverado, and Acura restored and presented Ludacris with his now famous 1993 Acura Legend. Those are the highlights from the week that was. Be sure to come back on Saturday for my full recap, [00:02:00] where I'll have some added insight into Hyundai's foray into the luxury sector. For Autoblog, I'm Greg Migliore. Autoblog Minute is a short-form video news series reporting on all things automotive.

Junkyard Gem: 1992 Plymouth Laser

Chrysler began selling rebadged Japan-built Mitsubishis beginning with the Dodge Colt in 1971, with plenty of Arrows, Champs, Challengers, Ram 50s, Conquests, Raiders, Stealths and Sapporos following those cars across the Pacific. Starting with the 1983 model year, Mitsubishi Motors began selling vehicles with its own badging in the United States, and that caused Chrysler and Mitsubishi to crash into the voluntary import quota that Japanese carmakers imposed on themselves in 1981 as a means of avoiding tougher restrictions threatened by the Reagan Administration. To get around the quota, the two partners created Diamond-Star Motors in Illinois, where Rivians are now built. The very first product to be assembled by DSM was a liftback sports coupe that debuted as a 1990 model under three different names: the Mitsubishi Eclipse, Eagle Talon and Plymouth Laser. Today's Junkyard Gem is one of those cars, found in a Denver car graveyard recently. The Laser name had been used on Chrysler-badged Dodge Daytonas for the 1984 through 1986 model years, and the name seemed futuristic enough to revive on a Plymouth. The cheapest of those three DSM siblings in 1992 was the Eclipse, which started with a list price of $10,859 ($24,120 in 2024 dollars). The cheapest Laser had an MSRP of $11,206 ($24,891 after inflation), while the most affordable Talon cost $13,631 ($30,277 in today's money). The reason the Eclipse and Laser were so much cheaper than the Talon was that the base Talon came with the 2.0-liter Mitsubishi 4G63 engine and its 135 horsepower, while the entry-level Eclipse and Laser were equipped with the 1.8-liter 4G37 and its 92 horses. This Laser is a base model with few frills, so it has the 1.8 engine. It also has the five-speed manual transmission. A four-speed automatic was available, for $701 extra ($1,557 now).  Like the Talon and Eclipse, the Laser was available with turbocharging and all-wheel-drive. Those cars were genuinely quick by the standards of the time. This one probably was purchased as a fun-enough-to-drive commuter that was easy on the gasoline budget, and it put in just over 150,000 miles during its life. In 1992, federal law required that news cars be equipped with either driver's-side airbags or the universally loathed automatic shoulder belts. This car has the latter. Someone installed aftermarket multi-bolt-pattern wheels on this car, probably during the early phase of the Fast and Furious Era.

Ghosn out at Nissan, still in at Renault, still in jail in Tokyo and facing more charges

When the corporate jet carrying Renault- Nissan- Mitsubishi CEO Carlos Ghosn landed at Tokyo Haneda airport on November 19, Japanese authorities had already taken position on the tarmac, waiting for him. Police and authorities representing Tokyo prosecutor's office boarded the plane to query Ghosn about financial improprieties, and ended up taking Nissan's chairman and CEO into custody. A few days later, on November 22, Nissan's board voted to remove Ghosn from both positions for what it classified as "significant acts of misconduct." The charges include understating his income in filings to the Tokyo Stock Exchange by at least $44 million, and misusing company funds. Japanese police arrested Greg Kelly as well, the high-ranking Nissan exec said to have assisted Ghosn in the subterfuge. Ghosn and Kelly remain on Nissan's board until a shareholder vote is held to decide those positions. Kelly was Nissan's first American director, and the carmaker's former head of human resources. In France, Renault's board voted to keep Ghosn in his positions, and has requested details from Nissan about the alleged improprieties. The board put Thierry Bollore in the role of deputy CEO with all of Ghosn's powers while Ghosn is "incapacitated," and lead independent director Philippe Lagayette will act as temporary chairman. Nissan has since told Renault that it is investigating financial malfeasance at RNBV, the Amsterdam-based joint-venture company that oversees the alliance. Mitsubishi has watched from afar, only saying it will perform its own investigation, and could remove Ghosn. Tokyo police can hold a suspect for 72 hours for initial questioning without charges. With the deadline looming, Tokyo prosecutors asked the court for, and were granted, a ten-day extension. If they choose, prosecutors can request another ten-day extension. Within 23 days, however, prosecutors either need to charge Ghosn and Kelly, or release them. There are several charges that acquire more details by the day. The most serious accusation is that Ghosn understated his pay from 2011 to 2015 by half, claiming roughly $44 million in remuneration when he actually received around $88 million. Over the weekend, it came out that Japanese prosecutors could be working on new charges of Ghosn under-reporting his salary since 2015 by $27 million. A Japanese newspaper said Ghosn told Kelly in an email to lie on the financial statements.