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- Tokyo (AP) via Yahoo Financial News reports the latest in what's happened to Mitsubishi's shares after DaimlerChrysler (ticker: DCX) cut almost all ties and sold off its shares of Mitsubishi Motors on Friday.
seekingalpha.com › article › 4236-what-happened-to-mitsubishi-motors-gs-dcxWhat Happened to Mitsubishi Motors? (GS, DCX) - Seeking Alpha
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May 17, 2024 · Following a meeting with its national dealership group, Mitsubishi revealed a new five-year plan called "Mitsubishi Motors Momentum 2030" that outlines electrification, a growing vehicle...
- jack.fitzgerald@hearst.com
- Associate News Editor
Feb 10, 2024 · Mitsubishi didn’t begin to sell cars under its own brand and dealer network until 1982. That was more than a decade later than its two closest rivals, Subaru and Mazda. Even so, by the end of the 1980s Mitsubishi was outselling Subaru. Within another decade the brand would outsell Mazda as well.
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Iwasaki Yatarō, founder of Mitsubishi, was born a commoner in Japan in 1835. The country was closed off from the rest of the world at that time, in the midst of a self-imposed isolationism that would last two centuries. His family was well-off enough that he received a good education, but an eighteenth-century ancestor had sold off the family’s nob...
In the period immediately after WWII, Mitsubishi turned production to three-wheeled cars and scooters, as well as trucks and buses. It was also the distributor for Mazda vehicles, and some of the earliest Mazdas carry Mitsubishi’s logo. Being inextricably linked to the wartime Japanese imperial government, which was dissolved in 1947 amid the forma...
By the early 1980s, Mitsubishi had started selling cars in the U.S. through its own dealer network. The most interesting of these offerings was the Starion, a handsome hatchback coupe intended as a rival to the Toyota Supra and Nissan ZX. Available with a box-flared widebody and a turbocharged four-cylinder engine, the Starion truly appeared to be ...
The fictional Brian O’Connor’s Eclipse might be the most famous Mitsubishi, but it’s not the only one associated with a celebrity. In fact, one endorsement ended up being so long-standing that a special edition was created to honor it. Martial arts action star Jackie Chan was introduced to western audiences with the first Cannonball movie, in which...
At the tail end of the 1990s and into the early 2000s, Mitsubishi’s motorsport prowess was at its absolute peak. Finnish driver Tommi Mäkinen had won the company four WRC rally championships in a row, and Mitsubishi’s Dakar teams were equally dominant. The two road-going vehicles behind the wins in the dirt were the Lancer Evolution and the Pajero ...
The early 2000s might have been a bright spot for Mitsubishi performance enthusiasts, but the company’s fortunes had already suffered a steep decline. In the Japanese home market, it was revealed that Mitsubishi had been covering up vehicle defects in an effort to avoid costly recalls. The scandal was as far-reaching and systematic as Volkswagen’s ...
Forget the Evos or niche JDM classics for a second. There is one group of diehard Mitsubishi enthusiasts out there that represent a potentially untapped market. You see them all over the West Coast, rolling up to the beach or the forest campsite in their diesel-powered Japanese imports. The Delica owners. Built from 1968 onward, the Delica is Mitsu...
May 9, 2023 · The combined effect will cause North American regional operating profit to more than triple in the current fiscal year ending March 31, 2024, as North America becomes the company’s top profit center, Mitsubishi Motors Corp. predicted Tuesday while announcing its latest financial results.
Then-CEO of Nissan Carlos Ghosn waited until Mitsubishi were rocked by a 2016 emissions scandal to pick up a 34% controlling interest in the company after their stock price plummeted to half of its previous value.
May 16, 2024 · In spite of never going bankrupt even once in the 21st century, it feels like we've been mourning the death of Mitsubishi in North America since the Lancer Evo X bit the dust nearly ten years...
May 16, 2024 · The path to Momentum 2030 is defined by four key points: A path to electrification. A path to a renewed and expanded product line-up that will strengthen Mitsubishi Motors in North America. A path to a modernized retail sales model. A path to network expansion and sales growth.
