2007 Mitsubishi Eclipse Spyder Gs Convertible 2-door 2.4l on 2040-cars

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We record Autoblog Podcast #317 tonight, and you can drop us your questions and comments regarding the rest of the week's news via our Q&A module below. Subscribe to the Autoblog Podcast in iTunes if you haven't already done so, and if you want to take it all in live, tune in to our UStream (audio only) channel at 10:00 PM Eastern tonight.
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Mitsubishi Mirage

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.

Refreshed Mitsubishi Eclipse Cross spied, loses Aztek-style rear hatch

Despite being the brand's freshest model, the Mitsubishi Eclipse Cross is already getting a styling update. The subcompact crossover prototype shown above has a mildly updated nose, and a significantly revised rear hatchback to give it a more conventional look. The rear of the car is the biggest change, so we'll start from there. The current Eclipse Cross has a controversial hatch with slanted main window and a smaller upright window lower down. Detractors liken it to the Pontiac Aztek. This updated model removes it altogether, in favor of one large slanted window. This also helps the back of the Eclipse Cross look a little less tall and blunt. The taillights are redesigned, too, to accommodate the new hatch. They don't span the full width of the hatch, and they might not extend up the rear pillars anymore either.. At the front, changes are more subtle. The headlights that extend off the grille look thinner, and may now simply be running lights, while the larger lights underneath may be the main headlights. The grille also looks more squared off in the lower section, similar to the grilles on the new L200 pickup and Mi-Tech concept. This prototype looks close to production-ready, and since it's just a mid-cycle refresh, we're expecting it to be revealed for the 2021 model year. It will likely continue to come with a turbocharged 1.5-liter inline-4 engine, a CVT and either front-wheel drive or all-wheel drive. Related Video: