Mitsubishi Eclipse on 2040-cars

Auto blog

Mitsubishi brings back the Eclipse as a crossover

The rumors were correct. Mitsubishi announced Tuesday its new crossover will be called the Eclipse Cross. Based on the company's statements, the idea is this crossover has coupe-like style, which is why Mitsubishi chose the name of its well-known Eclipse two-door. In this form, however, it will also be a practical crossover – hence the Cross name. Mitsubishi also released a few more teaser images that reveal a fair amount of the sport-ute. From what we can tell, the design closely follows that of the XR-PHEV II concept shown at Geneva two years ago. While the Eclipse Cross is certainly toned down compared with that concept, it still shares the basic grille treatment, side character line, taillights, and rear glass design. We'll admit we're sad to see the name of a classic Japanese sports coupe take up residence on a small sport utility vehicle. In part because it just doesn't seem quite appropriate. But, also because it means we won't see a sports car with the name. Of course, Mitsubishi could go a long way to making us feel better by making, say, a high-performance, all-wheel-drive version of this crossover. It could be called Eclipse Cross GSX. Feel free to use that idea, Mitsubishi. Related Video:

Subprime financing on the rise in new car sales, leasing too

We all remember the financial crisis that began several years back. At its core was a splurge of subprime lending for housing loans. The housing bubble burst, triggering a collapse of the mortgage-backed securities market. Apparently, those types of loans still exist in the automotive industry, and the market share for these types of "nonprime, subprime, and deep subprime," loans has grown 13.6 percent compared to the third quarter a year ago.
According to an Automotive News report, high-risk lending expanded to 24.8 percent of total loans in Q3, up from 21.9 percent for this time last year. As this level increased, average credit scores of borrowers dropped to 755, down from 763 a year ago. In that time, the average financing amount increased $90 per vehicle, to $25,963.
At 818, Volvo maintains the highest per-owner credit score, while Mitsubishi has the lowest, at 694. The highest rate of borrowers was at Toyota, with 14 percent of the market, followed by Ford with 13.1 percent and Chevrolet at 11.1.

Mitsubishi confirms pair of MiEV Evolution II electric racecars for Pikes Peak

Preparing for next month's Pikes Peak International Hill Climb, Mitsubishi - the presenting sponsor of this year's PPIHC - has unveiled its entrant for the race: the all-electric MiEV Evolution II. Building off last year's MiEV-inspired entrant, the Evolution II has received numerous improvements, including a more powerful electric drive system, a lower center of gravity and even a more traditional racecar look. Driving a pair of MiEV Evolution II models this year will be Hiroshi Masuoka from Mitsubishi vehicle development and six-time PPIHC motorcycle winner, Greg Tracy.
Both MiEV Evolution II racers employ a quartet of electric motors (last year's car used just three), and output has been increased from 280 kilowatts (375 horsepower) up to 400 KW (536 hp). For improved handling, the cars' lithium-ion battery packs help provide lower centers of gravity, and both Masuoka's and Tracy's cars have received active yaw control, stability control and redesigned anti-lock braking systems. Hopefully, this will help them stick to the mountain better. As previously mentioned, even their look has changed, with less of a wide-body i-MiEV feel and more of a racecar appearance. We think the finished product would actually make for a pretty cool Le Mans Prototype racer, or perhaps an electrically powered rival for trackday cars like those from Radical.