1994 Mitsubishi 3000gt Vr-4 Coupe 2-door 3.0l on 2040-cars

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Mitsubishi fuel economy scandal will result in $1.39 billion loss

The fuel economy scandal revealed a couple months ago will cost Mitsubishi Motors a pretty penny. According to The New York Times, the Japanese automaker predicted the fiscal year 2016 will result in a loss of 145 billion yen, or $1.39 billion. We won't know for sure until March rolls around. The prediction is even more striking when compared to Mitsubishi's performance during the last few years. It will be Mitsubishi's first reported loss in eight years. In 2014, Mitsubishi reported a global profit of $1.2 billion, which doubled the profits of the previous year, and in the spring of 2015 the US arm of the manufacturer reported its first profits in seven years – $4.18 million. For a little while there, it seemed like things were looking really good for Mitsubishi, but past flaws caught up with it. Some of the models built have had their fuel economy readings rounded by as much as 15 percent, due to the way running resistance is calculated in laboratory conditions. Nissan swept in to buy one third of Mitsubishi, and under the Renault-Nissan alliance it is likely Mitsubishi will be put on a crash course to clear its name and start turning a profit again. But the bad publicity caused by the scandal will probably mean it'll be far in the future. Related Video:

Our best look yet at the 2016 Mitsubishi Outlander

Mitsubishi's has been busily clawing its way back from the brink of irrelevancy in the US market for several years. One of its most important models in that mission is the Outlander CUV, and as we can see from these spy photos, it's upcoming refresh is coming along nicely.
The Outlander was last redesigned for model year 2014, so it does feel a smidge early for a refresh. That said, thanks to a rather polarizing front fascia, we aren't totally surprised that Mitsu has gone to work so soon. Based on these spy shots, we wouldn't be totally surprised if the new Outlander borrowed the more attractive face of Outlander PHEV Concept-S, which was shown back in September during the Paris Motor Show.
It's impossible to tell if the rear of the car will borrow the huge, vehicle-spanning taillights of the Concept-S, but like the front end, we'd expect a fairly significant change to the back of the new Outlander. Our spies also captured a few shots of the cabin, although we don't see any dramatic differences from the current vehicle, aside from some different trim pieces.

$99/month EV lease deals still out there, in some places

Has the electric-vehicle market really gotten to the point where folks can take out a lease for less than C-note per month? Yes, if you're interested in a Mitsubishi i of Smart ForTwo EV, Plug In Cars has found. As Mitsubishi prepares to bring in the 2015 model-year version of the i, it's unloading some of the 2013s for as little as $69 a month in some areas, bringing in a bit of deja vu for those who remember the $69 monthly lease rate some Mitsubishi dealers were asking for early last year. Meanwhile, a Smart EV can be had for $99 (discounted from $139 a month), with a $900 down payment, at at least one Connecticut dealership. Moving up to $139 a month could get you into a new Nissan Leaf, albeit with a honking' down payment of about $6,600. Chevrolet Spark EVs can be found in California and Oregon for as little as $199 a month. And both the Fiat 500e and Honda Fit EV can be found at some dealerships with lease rates in the mid-two-hundreds per month. The upper end of the plug-in scale - a Tesla Model S - still runs north of $1,000 a month (before you apply Tesla's various calculations to get to their "effective monthly cost"). But when you can afford to drive a Tesla, who's really counting? Featured Gallery 2012 Mitsubishi i: First Drive View 20 Photos News Source: Plug In CarsImage Credit: Copyright 2014 Sebastian Blanco / AOL Green Mitsubishi smart Electric ev sales lease i-miev i mitsubishi i smart fortwo ed