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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 posts $6.2 billion annual loss and unveils plan to cut costs

TOKYO — Nissan outlined a new plan on Thursday to become a smaller, more cost-efficient carmaker after the coronavirus pandemic exacerbated a slide in profitability that culminated in its first annual loss in 11 years. Under a new four-year plan, the Japanese manufacturer will slash its production capacity and model range by about a fifth to help cut 300 billion yen from fixed costs. It will shut plants in Spain and Indonesia, leave the South Korean market and pull its Datsun brand from Russia as part of a strategy unveiled on Wednesday to share production globally with its partners Renault and Mitsubishi. "I will make every effort to return Nissan to a growth path," Nissan Chief Executive Makoto Uchida said, adding that the company had learned from its past mistakes of chasing global market share at all costs. "We must admit failures and take corrective actions," he said, adding that starting with top-level managers, the company had to break its inward-looking culture which in the past has stymied efforts to deepen cooperation with France's Renault. Uchida said improving the company's cash flow was its biggest challenge. He reiterated that Nissan's cash liquidity was good even though it had negative free cash flow of 641 billion yen in the year ended in March. Nissan declined to give any forecasts for its current financial year which started in April due to the uncertainty created by the coronavirus pandemic. It also declined to give details on how many jobs it was cutting. In what is Nissan's second recovery plan in less than a year, Uchida pledged a return to profitability with a core operating profit margin above 5% and a sustainable global market share of 6%. Nissan posted an annual operating loss of 40.5 billion yen for the year to March 31, its worst performance since 2008/09. Its operating profit margin was -0.4%. The automaker said on Thursday that it sold 4.9 million vehicles last year, up from an earlier estimate of 4.8 million. That was still the second decline in a row and a fall of 11% from the previous period but meant Nissan clung on to its position as Japan's second biggest carmaker, just ahead of Honda and a long way behind Toyota. Pandemic pressure Even before the spread of the novel coronavirus, Nissan's slumping profits had forced it to row back on an aggressive expansion plan pursued by ousted leader Carlos Ghosn. The pandemic has only piled on the urgency to downsize.

Mitsubishi and Nissan teaming up on electric kei car

Nissan and Mitsubishi have announced plans to build an electric kei car together. The yet-unnamed car would mark a major step towards electrification of Japan's popular supercompact segment. The car will be powered by a 20 kWh battery and will be engineered to cover daily driving duties in a Japanese driving cycle. The car can also double as a mobile power source or power a home in emergency situations. Nissan says the car will measure 134 inches long, 58 inches wide, and 65 inches tall, in order to comply with laws limiting kei car size. The companies state that the car will be developed by NMKV Co., Ltd., a joint-venture that stands for Nissan Mitsubishi Kei Vehicle. Each carmaker owns a 50 percent stake, and already jointly builds models such as the feline favorite Nissan Dayz, which Mitsubishi sells as the eK. In reality, that likely means Mitsubishi will be developing the car and Nissan will simply slap a badge on it. Nissan has not traditionally built kei cars, choosing instead to rebadge those made by Suzuki or Mitsubishi. In fact, Mitsubishi built the first electric kei car, the i-Miev, way back in 2009, and it was actually sold in the U.S. until 2017. The jellybean-shaped EV was a pioneer in the field, but its 62-mile range from a 16 kWh lithium-ion battery showed the limitations of the technology at the time. Mitsubishi moved about 32,000 of them before they pulled the plug, with a pre-tax-credit price ranging from $23,000 to $31,000. The new Nissan-Mitsubishi kei car will land at around 2 million yen, or $18,200. The price, while slightly more expensive than a gasoline counterpart, bucks predictions from analysts that said prices would skyrocket by 66 to 120 percent if kei cars were forced to electrify. A petrol-powered Nissan Dayz starts at around $15,200. Size-wise, the two share a similar footprint as they are governed by kei car size limits. The special class of cars get unique license plates and other registration cost benefits due to their compact dimensions. A BMW i3 would exceed those boundaries due to its 158-inch length and 70-inch width. However, the larger EV comes equipped with a substantially bigger 42.2 kWh battery good for 152 miles of range. Though no photos have been released, we predict it will look like the iMk concept (pictured above). The car will go on sale in spring 2022. Related Video This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.