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James May was hospitalized after Mitsubishi Lancer Evolution crash

British auto journalist and TV host James May was reportedly whisked to the hospital after a crash during filming of The Grand Tour. The presenter was said to have been driving a yellow Mitsubishi Lancer Evolution VIII at 75 mph when he crashed into a tunnel wall.  Fortunately, The Sun reports that May, 59, broke a rib during the crash and required x-rays and a brain scan before being released from the hospital in mostly good health. This was not always the case with the former BBC Top Gear hosts. Famously, Richard Hammond received severe injuries from a 2006 crash at 280 mph in a drag racer. Hammond was also involved in a fiery crash of a Rimac One in 2017, but walked away mostly uninjured.  The details of the crash are a bit vague, but apparently it involved a challenge where May was supposed to drive the Evo down a long tunnel at a naval base in Norway. The Sun describes the stunt as taking place in the pitch black passage, with lights only illuminating as the car drove by. With mere seconds to react, May was unable to brake in time from 75 mph and slammed the Evo into a wall. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. The segment apparently involved May, Hammond, and Jeremy Clarkson taking AWD sedans to the Arctic Circle. Two other cars have been posted to social media by Clarkson himself and by fans, as discovered by Motor 1. Those cars are a Subaru Impreza WRX STI and an Audi RS4. After the Evo's destruction, the Subaru and Audi continued on without it. The cars were driving in Norway six months ago, but May's hospitalization is only now coming to light.  Thankfully Captain Slow, as May is nicknamed, is alright. As for the state of the increasingly endangered Evo, however, we'll just have to wait until the next season of Grand Tour airs.

2023 Mitsubishi Triton pickup unveiled, rally-bound model announced

Developed for global markets, the new Mitsubishi Triton made its debut with a rugged-looking exterior design, a more modern interior and a new frame, among other improvements. The brand will show off just how tough its new truck is by entering it in a grueling rally later in 2023. Sold as the L200 in some markets, the sixth-generation Triton is new from the ground up. It's bigger than its predecessor, built on a beefier frame, and it wears a more angular design characterized by a tall, upright front end, a boxier cab, and squared-off wheel arches. Buyers can select a single, club or double cab, and the truck's exterior appearance varies significantly depending on the trim level selected. Mitsubishi's press images show a nicely-equipped trim level aimed at private users; more basic trucks designed for commercial buyers are available, too. The same applies to the interior; what you get largely depends on what you paid for. Upmarket trim levels benefit from an almost SUV-like interior with a wireless device charger, USB-C outlets, a touchscreen-based infotainment system and Mitsubishi Connect compatibility. The truck hasn't forgotten its roots, however: all of the switches and knobs were designed to be comfortably used while wearing gloves. Power for the Triton comes from a new, 2.4-liter turbodiesel four-cylinder engine called 4N16 internally. It's offered in several states of tune. The base engine develops 146 horsepower and 243 pound-feet of torque, the mid-range version posts figures of 181 and 317, respectively, while the range-topping variant puts 201 horses and 347 pound-feet of twist under the driver's right foot. Rear-wheel drive and a six-speed manual transmission come standard, while four-wheel drive, a six-speed automatic transmission, or both can be added at an extra cost. Mitsubishi redesigned the suspension system with an eye on on-road comfort, though it stresses that its engineers didn't sacrifice the truck's off-road capacity. The front end carries on with double wishbones, while the back end gets lighter leaf springs and thicker shock absorbers. Several small but important changes round out the updates, including wider side steps and a repositioned engine oil pan drain plug. On sale now in Thailand, where it's manufactured, the new Mitsubishi Triton will gradually be launched in numerous global markets over the next few months. It will notably be available on the Japanese market for the first time in 12 years starting in early 2024.

Mitsubishi pondering $2B share sale?

Mitsubishi makes the brilliantly fast, wonderfully fun Lancer Evolution. Outside of that road-going rally car, the rest of the range is pretty poor - the new Outlander isn't bad, but the subcompact Mirage looks like might've been competitive five years ago, while the Galant and Lancer have suffered from serial neglect.
This hasn't just lead to rumors of Mitsu's death in America; the subsidiary of the massive Mitsubishi Group has been in trouble at home, too. It was bailed out by three other Mitsubishi Group companies - Mitsubishi UFJ Financial, Mitsubishi Heavy Industries and Mitsubishi Corporation - between 2004 and 2005, according to Bloomberg. Now, it's attempting to extricate itself from "emergency mode," as analyst Koichi Sugimoto told the financial site, adding that "they're still in the very early stages of recovery."
As part of the bailout, Mitsubishi issued its three saviors billions of dollars of preferred shares, which don't have voting rights. The problem is, Mitsubishi hasn't issued dividend payments since 1998, and these stocks aren't exactly competing with Apple or Google, in terms of value. In other words, they're mostly worthless. With a public offering, Mitsubishi is expecting to raise 200 billion yen, or about $2 billion, in order to reduce the number of preferred shares. If all goes according to plan, it will wipe out preferred shares by March of 2014, or the end of fiscal year 2013.