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Nissan is exploring the sale of its 34% stake in Mitsubishi

TOKYO — Nissan is looking to sell some or all of its 34% stake in Mitsubishi Motors, Bloomberg News reported on Monday, citing unidentified sources, a move that would reshape a three-way alliance that includes France's Renault. Nissan shares rose 5% on the news. Mitsubishi Motors was up 3%. "There are no plans to change the capital structure with Mitsubishi," a Nissan company spokeswoman told Reuters in an emailed statement. A Mitsubishi Motors spokesman said the same, adding the company would continue to collaborate within the alliance. Renault did not immediately respond to an email seeking comment. Nissan, struggling to recover from the pandemic-induced downturn, could sell its stake to a Mitsubishi group company such as Mitsubishi Corp, which already owns a fifth of Mitsubishi Motors, Bloomberg said. Such a deal would fundamentally alter a three-way partnership built by Carlos Ghosn, former chairman of the alliance, which plunged into confusion when he was arrested in 2018 on charges of financial misconduct. Ghosn had wanted a full merger of Renault and Nissan, which was shelved, according to Reuters sources, as the companies decided to fix the troubled alliance. The pandemic has, however, compounded problems and made a recovery hard. Nissan, which is 43% owned by Renault, last week cut its operating loss forecast for the year to March by 28%, helped by a rebound in demand, especially in China. Mitsubishi Motors, Japan's No.6 automaker, expects to post an operating loss of 140 billion yen for the business year. Both companies are cutting production levels and costs in a bid to return to profitability. Related Video:

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 Pajero successor still years away, but plug-in hybrid tech likely

You might not know it from looking at today's Mitsubishi showrooms, but the struggling Japanese automaker has a pretty enviable reputation for producing robust off-roaders. Its Pajero SUV built a solid reputation worldwide on the back of its durability in harsh climates, earning it consideration alongside the likes of venerable explorers like the Toyota Land Cruiser and Land Rover Range Rover. Unfortunately, the Pajero eventually succumbed to one particularly harsh climate - the North American truck market. After enjoying a long run, Mitsubishi finally pulled the plug on the SUV's Montero twin after the 2006 model year. Blame evolving consumer tastes, low brand visibility, a lackluster marketing budget, or the need for updated product - in fact, go ahead and blame all of the above.
Despite its age, the current fourth-generation Pajero (itself arguably an extensive rework of the previous model) has been carrying a lot of water for the brand in other parts of the world since its debut in 2006. So it's pretty well time for a new one. Problem is, its replacement is still a ways off. That's according to Australia's Go Auto, which has learned that the next-generation Pajero could still be three years away, if not longer.
According to Go Auto, the next model will be a much-changed beast, with design targets including a major weight loss and increased efficiency to go along with more luxurious appointments. In order to make gains in fuel economy, the plug-in hybrid technology that the company has already introduced for its new Outlander crossover will likely be a part of the SUV's development program.