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2018 Mitsubishi Outlander Sport gets a mild makeover

While we wait for the upcoming Eclipse Cross and the Outlander Sport's smaller successor, Mitsubishi is doing everything it can to keep the current, aging Outlander Sport relevant. The latest move is a mild refresh inside and out. The company is also offering a new option package. All 2018 Outlander Sports receive slightly tweaked front and rear fascias. Up front, the most significant change is the addition of LED daytime running lights inset of each fog light. Just below them are new air inlets. The main grille with the Mitsubishi logo also now features two slim chrome bars. At the back, the rear bumper has a new faux skid plate in the center. On each flank are more angular reflectors. Inside, Mitsubishi says the center console and shift lever have been redesigned. More importantly, the Outlander Sport now has a 7-inch infotainment display that comes with Apple CarPlay and Android Auto. There's also a new Touring Package option. It adds a panoramic sunroof, some tweaks to make the car quieter and more refined, and safety features including forward collision mitigation, land departure warning, automatic high beam headlights, and a rear camera. The updated Outlander Sport will arrive at dealers this fall, but pricing has yet to be announced. Related Video:

Mitsubishi hopes to raise $2.5B with stock sale

Mitsubishi, which dates all the way back to 1870, is one of the oldest business collectives in Japan. Today, the various businesses that share the Mitsubishi name are largely independent of each other. The automotive unit, however, has fallen on hard times over the past few years.
Back in 2004 and 2005, Mitsubishi Motors sold billions of preferred shares to sister companies like Mitsubishi UFJ Financial Group, Mitsubishi Heavy Industries and Mitsubishi Corp. Now the automaker is preparing to buy back those shares, only to raise the capital, it's selling $2.5 billion worth of shares, simultaneously paying stock dividends for the first time in over 16 years.
The stock issue will reportedly include as many as 241 million shares at a value of $10.73 each. The move is part of a long-term reorganization being implemented by the automaker's president Osamu Masuko, and is expected to help the company double its net income and eliminate all outstanding preferred shares by the end of the fiscal year closing in March.

Mitsubishi wants to bring a plug-in hybrid Montero to the US

As Mitsubishi's turnaround takes hold, we can talk less about the company's survival in the US market and more about what kinds of products we might see in the future: there's a hybrid Evo on the way and its joint venture with Renault-Nissan will deliver a C-segment sedan. Furthermore, it might even deliver a dividend to its shareholders next year.
In addition to Mitsubishi announcing its intent to focus on SUVs, pickup trucks and crossovers, company president Osamu Masuko gave an interview to Automotive News saying that the plan is for model lines to have two or three power train options: gas, plug-in hybrid, diesel. Believing that fuel economy standards will force the expansion of the plug-in hybrid market, Masuko wants to bring a PHEV Pajero to the US (the Montero in our market) because it will restore the brand's place in the full-size SUV segment with a well known nameplate, and help the company reach its goal of making PHEVs 20 percent of its product offering.
We love the idea of a new Montero - and we hope there's a traditional gas model that would come with the PHEV - the question is what would it look like? The Concept GC-PHEV we saw at the 2013 Tokyo Motor Show could offer clues, but with Masuko listing the SUV as the company's second most popular model behind pickups, how daring could designers get with it? On the other hand, if you compare the Concept PX-MiEV shown at Tokyo in 2011, the similarity to the production Outlander is more than one might expect for a crossover that's become a major seller for the brand. With an introduction due in 2015 or 2016, we shouldn't have to wait long to find out. Regrettably, there's still no word on the return of a Mitsubishi pickup truck.