1991 Mitsubishi Montero Rs Sport Utility 4-door 3.0l on 2040-cars

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Renault shares hit six-year low on rumors of Nissan split

LONDON — Renault shares hit six-year lows on Monday after a media report that Nissan has accelerated secret contingency planning for a potential split from the French carmaker, the latest sign that the downfall of former boss Carlos Ghosn is roiling the 20-year alliance. At 1027 GMT, the shares were down 3.7%, languishing at the bottom of Paris' CAC 40 and the pan European STOXX 600 index. The plans include war-gaming a total split in engineering and manufacturing, as well as changes to Nissan's board, the Financial Times newspaper reported on Sunday citing several sources. Nissan's contingency planning has ramped up since the dramatic escape of Ghosn, the former head of the Renault-Nissan  alliance, from Japan in late December, it said. The tie-up has been in management turmoil since Ghosn's arrest in Tokyo in November 2018 on allegations of financial misconduct, which he denies. He was awaiting trial in Japan when he fled to Lebanon. "We firmly believe the relationship between (Renault and Nissan) and hence the Alliance is broken and is likely beyond the point of repair," Evercore ISI analysts Arndt Elinghorst and Chris McNally wrote in a note on Monday. They have an 'underperform' rating on the French car company. Renault was not available for immediate comment. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Earnings/Financials Mitsubishi Nissan Renault

2022 Mitsubishi Outlander pricing, fuel economy announced

Mitsubishi has announced pricing on what is probably the most compelling — and important to the company's future — product in a decade, the 2022 Outlander. As we learned at the reveal, the base ES trim will start at $25,795, or $26,990 when the destination charge is factored in. Fuel economy figures are also in, giving the Outlander a rating of 24 miles per gallon in the city, 31 on the highway and 27 combined for the front-wheel-drive model. Mitsubishi's S-AWC all-wheel-drive system, which is available on any trim for $1,800, drops one mpg highway and combined. By way of comparison, the base 2021 Nissan Roque, which uses a similar engine and platform, gets 27 city, 35 highway and 30 combined in front-wheel drive guise. That combined figure matches that of the Honda CR-V and Toyota RAV4. It's worth noting that the Mitsubishi Outlander comes standard with a third row for seven-passenger seating, so a direct comparison with the Rogue isn't exactly fair. The ES comes with what is now an obligatory suite of tech, like automatic braking forward and rear, blind spot warnings, and Apple CarPlay/Android Auto. 18-inch alloy wheels are standard, but a $1,000 convenience package adds 20-inchers and the Mitsubishi Connect remote services smartphone link (which comes with 24 months free). That places the three-row ES below the Toyota RAV4 but above the Honda CR-V. Next up is the SE trim, ringing in at $28,845 with everything the ES offers and adding 20-inch wheels, heated front seats and side mirrors, proximity unlocking, and a leather steering wheel. Here, the tech content is boosted quite a bit, with the bird's-eye multi-view camera system, parking sensors, and wireless phone charging. You no longer need an upgrade package to get Mitsubishi Connect, and it also has MiPilot Assist which adds adaptive cruise with stop and go in traffic, lane keeping assist, and traffic sign recognition. The touchscreen gets bumped from 8 to 9 inches, and USB charging ports become available for rear passengers as well. A $2,300 SE Tech Package adds a 12.3-inch LCD instrument panel, premium sound system by Bose, and panoramic sunroof.  The top-spec SEL stickers at $31,945, building upon the other trims while adding the aforementioned 12.3-inch multi-function display, leather seats, 4-way power seats key-linked to memory, three-zone climate control, roof rails, and heated rear seats.

Nissan CEO Makoto Uchida rules out closer capital ties with Renault

YOKOHAMA — Nissan is committed to its automaking alliance with Renault but will not look to deepen its capital ties with the French automaker any time soon, its new CEO said on Monday. On his first day in the new position, chief executive Makoto Uchida also pledged to repair profitability at Japan's No. 2 automaker and said setting realistic targets would be key toward that goal, as it tries to make a clean break from the leadership of former chairman Carlos Ghosn. "Closer capital ties with Renault are not a focus in the short term," he told reporters. Uchida became CEO of Nissan on Dec. 1, as the car maker tries to recover from a profit slump and draw a line under a year of turmoil after the Ghosn scandal. The ousted chairman is fighting financial misconduct charges in Japan. One of the new CEO's big tasks is to salvage ties with Renault, which have deteriorated since Ghosn's ouster as chairman of both companies. Renault holds a 43.4% stake in Nissan after it saved the Japanese automaker from financial ruin two decades ago, and has pushed for the two companies to merge. In rejecting a notion of a merger with Renault, Uchida, 53, echoes his predecessor Hiroto Saikawa, who stepped down in September. He added that the alliance must re-think how it can serve all of its three members, which also includes Mitsubishi Motors. "The alliance has to benefit each of its partners in terms of revenue and profit," he said. "We need to re-evaluate what has worked and what hasn't worked in the alliance in the past few years." The CEO called for Nissan to set "challenging but achievable" targets, adding that this and the launch of more new car models and vehicle technologies would be key to its financial recovery. Nissan is bracing for its lowest annual profit in 11 years and has slashed its dividend by 65%. Its struggles come at a time when car companies desperately need scale to keep up with sweeping technological changes like electric vehicles and ride-hailing. "Somewhere along the way we created a culture of setting targets which could not be achieved," Uchida said, adding that this had resulted in a focus on short-term results. "Years of this had led Nissan to its current "difficult situation," he said, using heavy vehicle discounting in the U.S. market as an example of how aggressive sales targets to grow market share had deteriorated the company's brand.