2020 Mitsubishi Outlander Sport 2.0 Se on 2040-cars

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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.

2015 Mitsubishi Outlander Sport recalled for leaky transmission

The Basics: Mitsubishi Motors is recalling 45,731 Outlander Sport crossovers from model year 2015. Built between June 25, 2014 and November 25, 2015, the affected vehicles use the base 2.0-liter four-cylinder engine and continuously variable transmissions. The Problem: A clamp on the CVT hose may have been installed incorrectly. If the hose comes off, transmission fluid can leak out. While the transmission will start acting up – and eventually grind to a halt – the bigger concern is what happens if the transmission fluid comes into contact with hot surfaces: fire. Injuries/Deaths: Thankfully, it doesn't sound any owners have crashed, caught fire, or been injured or killed due to loss of transmission fluid. Mitsubishi didn't list injuries or fatalities in its recall paperwork with NHTSA, but the chronology only describes "warranty claims," which sounds like the vehicles never caught fire. The Fix: Dealers will inspect the hose clamps on all 45,000 Outlander Sports and reinstall them if there's a problem. Repairs are free of charge. If you own one: Since NHTSA's bulletin doesn't advise owners on whether they should or shouldn't drive their vehicles, we recommend looking for leaks and checking your transmission fluid level as soon as possible. If it's low or leaking, you probably shouldn't drive. Featured Gallery 2015 Mitsubishi Outlander Sport View 9 Photos News Source: NHTSAImage Credit: Mitsubishi Recalls Mitsubishi Crossover Economy Cars

Mitsubishi planning three all-new concepts for Tokyo show

Even with new models like the 2014 Outlander and Mirage in its stable, Mitsubishi could sure use a little excitement injected into its lineup. Fortunately, it looks like a trio of concepts headed to the Tokyo Motor Show could finally help spark some enthusiasm for the troubled automaker.
All we have to go on right now is a pair of teaser images for the three concepts, but it does reveal a possible new design language for Mitsubishi. The Concept GC-PHEV (shown above) is a fullsize, plug-in utility vehicle, and it could very well be a harbinger of the Montero/Pajero replacement that we heard about earlier this year. Mitsubishi will also unveil a compact plug-in crossover called the Concept XR-PHEV designed to look like a "sport coupe" as well as the Concept AR compact MPV, which will utilize a small-displacement, turbocharged engine.
There is still no word on the next-gen Lancer, Galant or subcompact sedan mentioned in recent reports, but the announcement below does show promise for Mitsubishi's lineup of plug-in cars.