2000 Mitsubishi Eclipse, No Reserve on 2040-cars

Auto blog

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.  

Nissan shareholders oust Carlos Ghosn from board of directors

TOKYO — Nissan's shareholders approved on Monday the ouster from the Japanese automaker's board of its former chairman, Carlos Ghosn, who is facing allegations of financial misconduct. The approval, which was expected, was indicated by applause from the more than 4,000 people gathered at a Tokyo hotel for a three-hour extraordinary shareholders' meeting. Other votes had been submitted in advance. Ahead of the vote, Nissan's top executive apologized to shareholders for the scandal at the Japanese automaker and asked them to approve Ghosn's dismissal. Chief Executive Hiroto Saikawa and other Nissan executives bowed deeply in apology to shareholders attending the extraordinary meeting at a Tokyo hotel. Shareholders also approved the appointment of French alliance partner Renault SA's Chairman Jean-Dominique Senard to replace Ghosn. Renault owns 43 percent of Nissan. Senard, introduced to shareholders at the meeting's end, thanked them and promised to do his best to keep the automaker's performance on track. "I will dedicate my energy to enhance the future of Nissan," said Senard. The shareholders also gave a green light to removing from the board a former executive direct, Greg Kelly, who has been charged with collaborating with Ghosn in the alleged misconduct. Angry shareholders demanded an explanation for how wrongdoing on an allegedly massive scale had gone unchecked for years. The meeting was closed except to stockholders but livestreamed. One shareholder said Nissan's entire management should resign immediately. Saikawa said he felt his responsibility lay in fixing the shoddy corporate governance at Nissan first, and continuing to lead its operations. Another shareholder asked if Nissan was prepared for a damage lawsuit from shareholders since its stock price has plunged. "I deeply, deeply apologize for all the worries and troubles we have caused," Saikawa said. "This is an unprecedented and unbelievable misconduct by a top executive." He outlined the findings of an internal investigation, such as payments of a consultation fee to Ghosn's sister for 13 years. The investigation has also found too much power had been focused in one person, he said. Ken Miyamoto, 65, a Nissan shareholder, said he was disappointed. "It is really such a pity as he was a brilliant manager," Miyamoto said of Ghosn before heading into the meeting.

Carlos Ghosn to step down as Nissan CEO on April 1

Carlos Ghosn announced he will be stepping down as CEO of the Nissan on April 1, to be replaced by current Nissan co-CEO Hiroto Saikawa. The move comes after close to two decades of leadership and the rebuilding of a company that was close to disaster. Ghosn isn't finished with the company he helped rebuild, as he will remain on as chairman of the board and continue on as leader of the Renault-Nissan Alliance following the change of guard. In addition to running Renault-Nissan, Ghosn has taken over as chairman of Mitsubishi Motors after acquiring a 34-percent stake in 2016, a move he spearheaded. Ghosn stated, "I am confident that the management team I have developed at Nissan over the past 18 years has the talent and experience to meet the company's operational and strategic goals. Having recently taken on new responsibilities at Mitsubishi Motors, and taking into consideration the upcoming Nissan general shareholders meeting, I have decided that the time is right for Hiroto Saikawa to succeed me as Nissan's CEO." A release from Renault-Nissan said the move allows Ghosn to focus more attention on bringing together the three companies. Saikawa, his replacement, has been with Nissan since 1977 and has overseen operations in the company's markets worldwide. Related Video: Image Credit: Reuters Hirings/Firings/Layoffs Mitsubishi Nissan Renault ceo nissan renault