1994 Mitsubishi 3000gt Vr-4 *rolling Shell, Chassis* on 2040-cars

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Mitsubishi hopes to raise $2.5B with stock sale

Mitsubishi, which dates all the way back to 1870, is one of the oldest business collectives in Japan. Today, the various businesses that share the Mitsubishi name are largely independent of each other. The automotive unit, however, has fallen on hard times over the past few years.
Back in 2004 and 2005, Mitsubishi Motors sold billions of preferred shares to sister companies like Mitsubishi UFJ Financial Group, Mitsubishi Heavy Industries and Mitsubishi Corp. Now the automaker is preparing to buy back those shares, only to raise the capital, it's selling $2.5 billion worth of shares, simultaneously paying stock dividends for the first time in over 16 years.
The stock issue will reportedly include as many as 241 million shares at a value of $10.73 each. The move is part of a long-term reorganization being implemented by the automaker's president Osamu Masuko, and is expected to help the company double its net income and eliminate all outstanding preferred shares by the end of the fiscal year closing in March.

Mitsubishi Mi-Tech turbine-PHEV buggy blows the doors off our dreams

TOKYO — For this year's Tokyo Motor Show, Mitsubishi went all out with the Mi-Tech concept. It's a tough-looking open off-roader with a wild hybrid powertrain. It's glorious, which makes it all the more sad it will likely never see the light of day. From the outside, the Mi-Tech impresses with blocky lines and fat fender flares. But its star feature is the fact that it has no roof and no doors. The only thing that comes close is the pair of cowls behind the seats. The inside has a spare design with a body-color dash and cutouts for vents. It does have modern cues such as the piano-key buttons and fullscreen heads-up display. Under the skin, it's powered by four motors, each controlling an individual wheel. This allows it to adjust power precisely in off-road settings. It's a plug-in hybrid, and when the battery runs down, electricity is produced by a turbine engine, similar to the Jaguar C-X75 concept. Mitsubishi opted for the turbine for its high power, small size, smooth operation and the fact it can run on just about any combustible liquid. As much as we love the Mi-Tech, it's obvious it's not going into production anytime soon. Mitsubishi has no car-ready turbine engines, and it would be expensive to make an SUV with no doors, or even removable doors, pass safety standards. And the people that would buy a vehicle like this will probably be satisfied with a Jeep Wrangler or the upcoming Ford Bronco. Oh well, it's at least a pleasant dream, and a sign that Mitsubishi still has some spark.

Mitsubishi reverses course on European exit with help from partner Renault

Mitsubishi will remain in some European markets after all, a surprise announcement from the company and its alliance partners Renault and Nissan confirmed early Wednesday. This is a reversal of what was expected after several rounds of restructuring were announced in 2020 as the company looked ahead to a $3.4 billion loss.  From the announcement, we can gather that Mitsubishi's survival on the continent comes care of its partners, who will supply vehicles that have already been approved for sale in Europe to be offered alongside the Mitsubishi Eclipse Cross plug-in hybrid. The announcement refers to them as "sister models [...] with differentiations," which could mean anything from typical platform-sharing to some old-fashioned badge engineering. Given the company-wide cost-saving efforts, we're inclined to believe it's more along the lines of the latter.  "Mitsubishi Motors has decided to procure OEM-model vehicles from Renault, best-sellers on the European market which already meet regulatory requirements, for selected major markets in Europe," the announcement said. "Starting 2023, Mitsubishi Motors will thus sell two 'sister models' produced in Groupe Renault plants, which are based on the same platforms but with differentiations, reflecting the Mitsubishi brand’s DNA." The Alliance has also not yet confirmed which markets will remain open to Mitsubishi, however Automotive News has confirmed that the UK will not be one of them. Mitsubishi has already launched its updated Eclipse Cross lineup, but the forthcoming PHEV has yet to be fully detailed. The company said it has no plans to bring it to the United States, where the Outlander PHEV has moved in only limited volume.  Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. 2022 Mitsubishi Outlander crossover SUV reveal