1995 Mitsubishi 3000gt Spyder Vr-4 Convertible 2-door 3.0l on 2040-cars

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Mitsubishi and NTT to buy 30% stake in HERE digital mapping company

Digital mapping company HERE Technologies sold a 30% stake to Mitsubishi and Nippon Telegraph and Telephone Corp (NTT), diluting German carmakers’ stake to 54% amid uncertainty about the profit potential from autonomous cars. Mitsubishi and NTT will co-invest in the Amsterdam-headquartered company through their newly established, jointly owned holding firm COCO Tech Holding B.V. in the Netherlands, HERE said on Friday. “Their investment also means we are further diversifying our shareholder base beyond automotive, which is important given the appeal and necessity of location technology across geographies and industries,” HEREÂ’s Chief Executive Edzard Overbeek said. The Japanese companies said they would collaborate with HERE to develop services such as ways to tackle road congestion and improve supply chain efficiencies. High definition maps can also be used in fleet management, asset tracking, last-mile delivery, long-distance package delivery by drones and indoor mapping applications, Overbeek told Reuters. Financial details of the transaction, which they said would close next year, were not disclosed. German carmakers BMW, Audi and Daimler saw high definition mapping as a strategic asset and bought HERE from Finnish telecoms group Nokia for around 2.5 billion euros ($2.8 billion) in 2015 to avoid becoming dependent on AlphabetÂ’s Google. FridayÂ’s deal dilutes the stake held by each German carmaker from 25% to just under 18%, HERE said. REALITY CHECK Tech companies and automakers raced to develop self-driving vehicles after Google presented a prototype car in 2012, leading German manufacturers to develop robotaxis as a way to enter the ride-hailing business to take on Uber. However, the technology costs and regulatory hurdles have spiraled, and ride-hailing businesses have struggled to reach sustainable profitability, leading to a reassessment of the business potential of robotaxis and ride hailing. “There has been a reality check setting in here,” Daimler Chief Executive Ola Kaellenius said last month, adding that spending on robotaxis would be “rightsized.” The move comes as BMW and Daimler this week announced they will exit the North American car-sharing market, halting operations in Montreal, New York, Seattle, Washington D.C., and Vancouver, as they focus on the European market. Last year, GermanyÂ’s Continental and Bosch, the worldÂ’s largest automotive suppliers, bought a 5% stake in HERE.

Mitsubishi cheated on Japanese fuel economy test since 1991

Mitsubishi now says that its cheating on Japanese fuel economy tests stretches as far back as 1991. The automaker has hired an independent panel of investigators to get to the bottom of what happened, and the company will give them three months to prepare a report about the deception. Mitsubishi's cheat involves how the company calculated driving resistance to determine fuel economy. In 1991, Japan's Road Transport Vehicle Act established a coasting test to establish the driving resistance, but Mitsubishi's engineers used their own "high-speed coasting test," according to its statement. In 2007, the company decided to only use the country's mandated evaluation, but the employees kept utilizing the high-speed test in the field. In the most recent scandal, workers selected low values for driving resistance from the results, which made the fuel economy look better. Mitsubishi's presented these details in a report to the Ministry of Land, Infrastructure, Transport, and Tourism. "We are currently investigating the reasoning behind each of the decisions," the company said in a statement. It also hired three former prosecutors to figure out why this happened for so long. At this time, Mitsubishi only confirms the incorrect figures for some of the company's minicars, but this investigation could discover more transgressions. This fiasco started when Nissan discovered fuel economy discrepancies in some of its Mitsubishi-made tiny kei-class cars in Japan. Mitsubishi came clean and admitted the problem affected about 625,000 vehicles in the country. Japanese media have alleged more vehicles have incorrect mileage, including the Outlander. The National Highway Traffic Safety Administration in the US has also requested data from the Japanese automaker to confirm similar deceptions didn't happen for vehicles here. Related Video: Regarding the Report to MLIT Concerning Improper Conduct in Fuel Consumption Testing of Vehicles Manufactured by Mitsubishi Motors Corporation Tokyo, April 26, 2016 The following is a summary of the report submitted by Mitsubishi Motors Corporation (MMC) to the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) today, pursuant to instructions received from MLIT on April 20 to investigate improper conduct in fuel consumption testing of vehicles manufactured by MMC. Report Summary 1.

2021 Mitsubishi Mirage and Mirage G4 updated with fresh faces, more tech

Mitsubishi previously teased an update for the Mirage and Mirage G4 for the 2021 model year, and now the new car is here. It amounts to a light refresh, with some minor appearance changes, new tech and a single special edition model. The same 1.2-liter three-cylinder is still under the hood, cranking out 78 horsepower and 74 pound-feet of torque. Brutally slow, but when paired with the CVT, it’s capable of 36 mpg city, 43 mpg highway and 39 mpg combined. The five-speed manual transmission is still available, but only on the base ES trim. On the design front, the Mirage (hatchback) and Mirage G4 (sedan) get a new grille and front bumper that are meant to be sportier than before. ItÂ’s highly reminiscent of the brandÂ’s crossovers with its upright, shield-like look, and that was intentional, Mitsubishi says. A new rear bumper and lower valance add width to the rear to give it the appearance of being larger than it is. New LED taillights are used on all Mirages, and redesigned LED headlights with LED running lights are available on the top trim. This design treatment does inject some fresh life into the two Mirages, but itÂ’s nowhere close to the full redesign that the Mirage is due for, having been in the same generation since the 2014 model year in the U.S. The interior gains new (supposedly improved) front armrests, more soft-touch cloth in frequently touched areas, and a “carbon fiber effect” on the window switches. On the tech front, Mitsubishi makes the seven-inch infotainment system with Apple CarPlay and Android Auto standard equipment. Also standard is forward collision mitigation with pedestrian detection. The top trim level gives you access to lane departure warning and auto high beams as optional equipment. That amounts to more safety features than before, but itÂ’s still a paltry selection compared to most new cars today. As for the special edition Mirage, Mitsubishi calls it the “Carbonite Edition.” Star Wars fans need not apply, though, as there is nothing about it that resembles true carbonite. Instead, it adds “a revised front grille and air dam, side air dam, B-pillar decal and rear air dam with carbon-pattern surfaces and contrasting red accents.” ItÂ’s pairable with six different colors and slots in below the top SE trim but above the mid-grade LE in price. The photos depict the two new colors available for 2021: White Diamond and Sand Yellow. The new going rate for a base Mirage is $15,390, which is $400 more than it was for 2020.