1999 Mitsubishi 3000gt Base Coupe 2-door 3.0l on 2040-cars

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Mitsubishi expects a massive loss this year due to the coronavirus pandemic

TOKYO — Mitsubishi Motors reported Monday a $1.7 billion (176 billion yen) loss for April-June, and forecast more red ink for the fiscal year, as the coronavirus pandemic slammed auto demand around the world. The Japanese automaker had posted a profit of 9.3 billion yen for the fiscal first quarter the previous year. Quarterly sales shrank 57% to $2.2 billion (229.5 billion yen). The maker of the Outlander sport utility vehicle and I-MiEV electric car expects to chalk up a $3.4 billion (360 billion yen) loss for the fiscal year through March 2021, because of the fallout from the outbreak. This would be MitsubishiÂ’s biggest loss in at least 18 years, according to company financial records dating back to 2002. “To pave the way to recovery, the top priority of all executives is to share a sense of crisis with employees to execute cost reductions,” Chief Executive Takeo Kato told reporters. The shaky results come as Mitsubishi MotorsÂ’ alliance partners Nissan and Renault of France work to recover from the downfall of their former chairman, Carlos Ghosn. Ghosn was out on bail, awaiting trial on various financial misconduct allegations in Tokyo, when he fled late last year to Lebanon. He has said he is innocent of the allegations of under-reporting future compensation and breach of trust. Mitsubishi Motors has denounced Ghosn. Mitsubishi officials, in a news conference relayed in a call to reporters, promised a turnaround, pursuing growth in Southeast Asian markets, where its profitability is relatively strong, and building on its strength in four-wheel drive and “off road performance.” They said they expect the companyÂ’s results to recover next fiscal year, once COVID-19 is brought under control. Product development will leverage “synergies” with alliance partners, and labor costs will be cut through pay cuts, hiring freezes and voluntary retirements, the automaker said. Tokyo-based Mitsubishi also said itÂ’s working on innovative technology, such as improved diesel engines, electric vehicles and autonomous driving. Its electric vehicles are a strength as environmental standards continue to toughen, especially in major markets like China, it said. But it warned the outbreakÂ’s impact on auto demand was worse than what the auto market suffered during the 2008 financial crisis and so a recovery will take time.

Mitsubishi bringing SUV 'Legend' to the Chicago Auto Show

Mitsubishi claims that "a legend" is returning to its ranks at the 2015 Chicago Auto Show in February. Its save-the-date to the Windy City event just depicts an indistinguishable crossover sitting on top of a sand dune as the only hint of what the Japanese brand has in store. However, according to company spokesperson Alex Fedorak this isn't an entirely new vehicle. Mitsubishi is giving the GC-PHEV concept (pictured below) its North American debut, after originally unveiling it at the 2013 Tokyo Motor Show. While it's purely a concept, the vehicle is "a designer's rendering of what a new Montero could look like," said Fedorak to Autoblog. While Mitsu is not committing to putting the chunky CUV into production yet, the press conference is going to "talk about what role if any it plays in our future," he said.

Mitsubishi Electric EMirai xS Drive concept revealed ahead of CES 2022

Mitsubishi Electric is showing the latest version of its EMirai concept vehicles. The EMirai series has made recurring appearances at CES, showing off the company's — which is a separate entity from Mitsubishi Motors — latest driving technologies. The newest iteration, whose complete name is the EMirai xS Drive Concept, is scheduled for debut at CES 2022. Past EMirai concepts ("Mirai", like the Toyota hydrogen fuel cell vehicle, means "future" in Japanese) have focused on technologies such as driver biometrics and augmented reality to make help alleviate the task of driving. The EMirai xS Drive continues on this theme with two primary advancements. In the realm of biometrics, the concept monitors the the driver with a near-infrared camera to detect their health. It not only checks on drowsiness, but emergency situations where an autonomous intervention may be required. It does this by keeping tabs on the driver's respiration rate and pulse, as well as checking for sudden changes in facial expressions like the closing of eyelids or opening of the mouth. If an emergency is detected, the car will take over and park to prevent accidents. This seems to be geared towards elderly drivers, which tend to live in rural and suburban areas in Japan where public transportation isn't always an option. Mazda recently released a similar technology in Japan as well. The system can also detect passengers, including children, using radio waves. By not relying on a weight sensor embedded in the seat like in some modern vehicles, the system can detect a child even if he or she is hiding in a footwell. The EMirai xS Drive also uses a Mitsubishi Electric High Definition Locator to operate adaptive headlights. Operating in conjunction with the driver monitor above, it turns the headlights to better illuminate the direction where the driver's head is turned, such as a curve or slope ahead. The system also looks for other hazards, like pedestrians who may be crossing a dark road, and uses the adaptive headlights to cast more light on those subjects. It also looks for vehicles approaching from behind, and projects a warning onto the road surface ahead, within the headlight beam spread, so the driver knows what's behind without shifting focus onto a rear-view mirror. It appears, though, whereas past EMirai concepts have been built around an actual show car, the latest evolution is just a four seats and a dashboard in a standalone cockpit.