2001 Mitsubishi Montero, No Reserve on 2040-cars

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Geely and Renault joint venture will develop internal combustion and hybrid tech

China's Geely Automobile Holdings and French car maker Renault SA on Tuesday said they will invest up to 7 billion euros ($7.71 billion) in a new equally held joint venture to develop gasoline engines and hybrid technology for automobiles. The JV is aimed at manufacturing more efficient internal combustion engines and hybrid systems at a time when the focus of much of the automobile industry has been on the capital-intensive transition to purely electric vehicles. "We are pleased to be embarking on this journey to become a global leader in hybrid technologies, providing low-emission solutions for automakers around the world," said Eric Li, Geely Holding Group chairman. The new company will employ 19,000 people at 17 engine plants and five research and development hubs, Renault said. At launch, it is expected to supply to multiple industrial customers including Volvo, Proton, Nissan, Mitsubishi Motors, and PUNCH Torino. The JV aims to have an annual production capacity of up to five million internal combustion, hybrid and plug-in hybrid engines and transmissions, Renault added. Reuters reported in March that the new venture will see 15 billion euros ($16.53 billion) in annual revenue. Saudi Aramco, which signed a letter of intent with Renault and Geely in March, is evaluating a strategic investment in the new company, Renault said. The Saudi oil producer has been involved in advanced discussions to take a stake of up to 20% in the JV, sources said earlier this year. Big oil firms have worked with automakers to develop sustainable fuels and hydrogen engines in recent years. But a deal here would make Aramco the first major oil producer to invest in the car business. The joint venture is expected to be launched in the second half of 2023. Earnings/Financials Green Mitsubishi Nissan Volvo Renault

Takata air bag recall list

The National Highway Traffic Safety Administration confirmed yesterday that 33.8 million vehicles with Takata airbags are going to be recalled. It's the largest recall in automotive history. The already record-breaking rate of automotive recalls this year shows no signs of slowing down, especially since millions of cars with defective airbags made by global supplier Takata are under ongoing scrutiny. The federal government is warning owners that inflator mechanisms in the air bags can rupture, causing metal fragments to fly out when the bags are deployed. The faulty air bags have already been blamed for multiple deaths. How do you know if your vehicle is safe? The National Highway Traffic Safety Administration released an updated list of vehicles under recall. Sometimes however, the government's website will crash and the list may not be complete. Check your VIN at the NHTSA website to make sure. The list of cars affected by the recall has not been released, but seem to span multiple models over the years for many of the automakers.

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.