2011 Mitsubishi Galant Se on 2040-cars

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Mitsubishi Outlander Sport an even better value for 2021

Mitsubishi released pricing information for the 2021 Outlander Sport, its best-selling model in the United States. Redesigned for 2020, the crossover enters the new year with a cheaper base price thanks to a new trim. Pricing for the 2021 Outlander Sport starts at $22,090, including a mandatory $1,095 destination charge. For context, the 2020 model started at $23,690 once the same destination charge was added to the bottom line.  While the 2020 range started at the ES trim, the 2021 lineup begins with the S, which is only offered with front-wheel-drive. Every trim level gains an array of standard safety features for 2021, including forward collision mitigation, lane departure warning, and automatic high beams. Motorists who want rain-sensing wipers, LED fog lights, and automatic headlights will need to step up to the ES trim priced at $24,090 including destination. At the other end of the spectrum, the all-wheel-drive-only GT starts at $28,090. Mitsubishi gave buyers looking for something in between the bottom- and top-end trims an additional option by releasing a new trim called Limited Edition for 2021. Based on the ES trim, and priced at $25,090 when ordered with front-wheel-drive, it gains a black grille, black mirror caps, black 18-inch wheels, plus red accent stitching on the inside. It's limited in name only; don't expect to find a numbered plaque on the dashboard and a certificate of authenticity in the glovebox.  Power comes from a 2.0-liter four-cylinder engine, which makes 148 horsepower and 145 pound-feet of torque. Front-wheel-drive and a continuously variable transmission (CVT) come standard, and all-wheel-drive is available at an extra cost on most trim levels. Buyers who select the GT are rewarded with a 2.4-liter four rated at 168 horses and 167 pound-feet of twist. It's exclusively offered with all-wheel-drive, and it's also bolted to a CVT. According to the EPA, combined fuel economy checks in at 27 mpg for the 2.0, and 26 mpg for the 2.4. Mitsubishi stores across the nation will begin receiving the 2021 Outlander Sport in February. While it won't be joined by the i-MiEV, it's part of a broad model offensive that also includes the redesigned 2022 Eclipse Cross.  

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.

Elon Musk: Teslas will already know where we’re going

In the future, cars will drive us. And probably not surprisingly, they'll often know where to go without us even needing to tell them. That's the theme of a short back-and-forth conversation on Twitter recently between Tesla founder and CEO Elon Musk and a user who tagged him in a comment suggesting that "it would be cool" to be able to tell a car where to go. Responding to user James Harvey, Musk replied, "It won't even need to ask you most of the time." Later, after Harvey asked how the car would know where he wants to go, another user suggested that the car would know what time you go to work. "Yeah, don't exactly need to be Sherlock Holmes," Musk tweeted. It won't even need to ask you most of the time — Elon Musk (@elonmusk) October 21, 2017 Yeah, don't exactly need to be Sherlock Holmes. — Elon Musk (@elonmusk) October 21, 2017 That the ability to know where we're going will be part of our future driving experience shouldn't be surprising. After all, the smartphones we carry around already possess the ability to predict what we want — think Google's cleverness in tailoring search results or providing traffic information just before your commute, Facebook's highly customized News Feed content or even auto-fill technology, which can predict the words you're typing. And plenty of automakers have been touting their own work in developing in-car artificial intelligence systems. Like Audi's Elaine concept, which will be able to learn, think and even empathize with drivers. Or Mitsubishi's e-Evolution concept, which can not only assist your driving, but also assess your skills and teach you how to improve them. Tesla's vehicles, of course, are being outfitted with all the latest autonomous driver-assist technology, with the automaker eager to one day reach full Level 5 self-driving capability. According to Inc., Teslas will be able to listen and respond to directional commands, and they'll even have access to your calendar to comb for information about where you need to go. Tesla has also said it's developing an update to its Autopilot hardware and remains on track to achieve full Level 5 autonomous driving by the end of this year, which strikes a lot of people as wildly unrealistic. At any rate, the promise of cars knowing what time we're sneaking out to get donuts or picking up the kids is interesting, coming from the man who has warned that AI presents "a fundamental risk to the existence of human civilization."Related Video: