Mitsubishi I-miev Se Electic Car - 112 Mpge + Plug In Charger on 2040-cars

Auto blog

Junkyard Gem: 1999 Mitsubishi Galant GTZ-V6

The Mitsubishi Galant first appeared on American streets as the 1971 Dodge Colt and then a bit later with Dodge Challenger and Plymouth Sapporo badges. Mitsubishi Motors finally began selling Galants from its own U.S. showrooms for the 1985 model year, and Galant sales continued here through four more generations before getting the axe in 2012. We saw some interesting and/or quick Galants along the way, including the Sigma, VR-4, GS-X and Ralliart; today's Junkyard Gem is a rare example of the sporty eighth-generation Galant GTZ sedan, found in a North Carolina self-service wrecking yard recently. The final year for the hot-rod all-wheel-drive VR-4 and GS-X Galants in the United States was 1992. By 1998, there were just three levels of new Galant here, all with 141-horse four-cylinder engines driving the front wheels. Then the 1999 model year arrived, and so did the 6G72 V6 engine under Galant hoods. This SOHC (yet still 24-valve) engine was rated at 161 horsepower and 205 pound-feet. It was available in the U.S.-market ES-V6, GTZ-V6 and LS-V6 Galants for the '99. The GTZ was sporty-looking, but not as loaded with luxury features as the LS. 1999 was the first model year for the eighth-generation Galant in North America, and it had finally become big and powerful enough to be considered a genuine rival for the Toyota Camry and Honda Accord (both of which had been available with V6 power for quite a few years). The 1999 Galant got a grille that resembled the one on its upscale Diamante big brother, which had five years to live at the time. The MSRP for this car was $24,300, which comes to about $46,374 in 2024 dollars. The base 1999 Galant DE started at just $16,999, or $32,441 in today's money. Those prices were in the ballpark with the Galant's Camry and Accord rivals; the Camry LE V6 with automatic started at $22,748 ($43,412 now) with automatic transmission, while the Accord LX V6 with automatic was $21,700 ($41,412 today). Both those cars had a lot more power than the Mitsubishi, though: 194 horsepower for the Toyota and 200 for the Honda. The 1999 Galant sold in the United States was not available with a manual transmission, which made the El Cheapo DE trim level a steal compared to the cost of two-pedal base Accords and Camrys. The Galant DE even came with air conditioning at no extra cost. The factory wing on the GT-Z is serious. Collectible today? Hardly, but an interesting bit of automotive history. This content is hosted by a third party.

Nissan names Makoto Uchida as next CEO

TOKYO — Nissan named Makoto Uchida, the head of its Chinese business, as its next CEO, picking an executive known for close ties to top shareholder Renault and for a frank, straight-talking manner that has marked him as an outsider. By selecting Senior Vice President Uchida, Nissan's board has gone with someone slightly at odds with its traditional corporate culture. He joined the carmaker mid-career in 2003, a rarity in a country where top executives usually spend their entire working lives at the same company. Known for his unflagging work ethic and relentless focus on cost control, Uchida was described by one long-time associate who spoke on condition of anonymity as a "foreigner with a Japanese face" — direct and to the point in conversations. He will be joined by newly appointed Chief Operating Officer (COO) Ashwani Gupta, currently COO of junior partner Mitsubishi Motors, in trying to find new ways to revive a business that has been struggling for months with plunging profits, management scandal and tensions with Renault. Japan's second-largest automaker has been shaken in particular by the arrest of former Chairman Carlos Ghosn last year on allegations of financial misconduct, which he denies, and the more recent departure of CEO Hiroto Saikawa after he admitted to being improperly overpaid. Whether the 58-year-old former theology student can deliver a miracle turnaround — particularly at Nissan's business in the United States — and repair ties with Renault will now be a focus for investors. "The biggest business challenge for Nissan is speeding up," the head of Nissan's nominations committee, Masakazu Toyoda, told a news conference. "Speedy decision making is a challenge that Uchida raised, and to this end he said that he wants to empower people as much as possible, so we decided to ask Uchida to take on the CEO role." One source close to Renault described the selection as "a victory for the alliance", saying that both Uchida and Gupta knew the business and were ready to help Nissan recover. 'ISN'T REALLY JAPANESE' Before his ouster, Ghosn had been working on a plan for a full merger of Renault and Nissan, but had met resistance in Japan, which is concerned about French influence in the alliance. The French government is a major Renault shareholder. Relations were further strained this year when Renault held abortive merger talks with Fiat Chrysler Automobiles.

Mitsubishi reports an 89% drop in annual profit

TOKYO — Mitsubishi will focus on cutting fixed costs by 20% or more in the next two years after reporting an 89% drop in annual profit, its weakest performance in three years, and skipping its year-end dividend. The coronavirus crisis has exacerbated Mitsubishi's struggles in a year where Japan's sixth biggest carmaker was already battling falling sales in China and also southeast Asia, its largest market which accounts for one-quarter of sales. Mitsubishi also said on Tuesday it would focus on growth in ASEAN countries to survive the aftermath of the pandemic. "Before the virus we had been mulling which underperforming regions and vehicle segments to cut our exposure to," CEO Takao Kato told a results teleconference. "In the wake of the virus, we need to pick up the pace of making these changes. To stay competitive in a post-coronavirus market, we need to immediately shrink our area of focus to regions and segments in which we excel." Global automakers are struggling to cope with the crisis, which has pummeled car sales due to lockdowns in many countries. Many automakers have begun to restart vehicle factories, but anemic demand, supply chain disruptions and social distancing measures at factories are expected to limit output. Mitsubishi's operating profit came in at 12.8 billion yen ($119.21 million) for the year to end March, down from 111.8 billion yen a year ago, and its lowest since the year to end March 2017. Profits exceeded a consensus estimate of 9.4 billion yen profit drawn from 15 analysts polled by Refinitiv. The automaker did not give an earnings forecast for the current business year, and did not issue a year-end dividend, compared with 10 yen per share a year ago. The junior member of the automaking partnership between Nissan and France's Renault, sold 1.13 million vehicles globally in the year ended March, down 9%. Mitsubishi will focus on growth in southeast Asia as part of the alliance's plan for each company to expand in their regions of strength. Mitsubishi said it would give more details when it reports first-quarter results. The alliance is expected to announce a revamped strategy on May 27, when it will pledge to increase cooperation to improve joint operations to remain competitive. Related Video: