1994 Mitsubishi 3000gt Vr-4 Single Turbo Converted on 2040-cars

Auto blog

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:

Mitsubishi's first US chairman since 2007 charged with revitalizing brand

Have a look at Mitsubishi North America's vehicle page and you'll find seven cars in four model lines: i-MiEV electric hatch, Lancer sedan, Lancer Evolution and Sportback, Outlander and Outlander Sport, and Galant sedan. The Galant has 3.9 tires in the automotive grave, and the only hope for mainstream excitement, the Eclipse coupe and Spyder, had hemlock poured down their crankcases last year. Increasing the quotient of bleak, the Lancer isn't due for a refresh until 2014, the coming Outlander PHEV will sell in miniscule numbers when it does arrive, a little sports car has been nixed and the only other Mitsu being considered for our landmass is the Colt, which, for its stellar fuel economy numbers, looks like a car designed by Pikachu. There's also that matter of declining NA market share in a rising overall market, Mitsubishi's piece of the total pie currently hovering around the 0.4-percent mark according to Automotive News.
The company has decided to do more about it, reassigning Executive Vice President and Head Officer of the Headquarters Product Projects & Strategy Group Gayu Uesugi to be the new chairman of Mitsubishi Motors North America. It will be the first time in five years that someone has filled the chairman position at MMNA.
The hope is that with Uesugi's 35 years with the company, his experience in the company's global product plan and his success in emerging market strategy, he's the man to "[develop] a product plan and growth strategy for the US market" that will put things right. Or at least better. He will work with Yoichi Yokozawa, who has been CEO of MMNA since last year. There are more details on the move in the press release below.

Mitsubishi e-Evolution concept EV has AI that can teach you to drive better

Following a teaser last month, Mitsubishi has revealed additional details, and a couple more images of the e-Evolution concept. The new teasers show a car with a pretty wild profile. The windshield is incredibly long and raked, and it generally has an angular, wedge-like shape. It's also an extremely cab-forward design, which is possible because it is fully electric, and there isn't an engine up front to take up lots of space. That's bad news for anyone hoping Mitsubishi might just hybridize a high-strung turbo engine. But it is still all-wheel drive, courtesy of a trio of electric motors. There's one motor up front for the front wheels, and a pair at the back for the rear wheels. These rear motors can apply different amounts of power for torque vectoring. The e-Evolution also has a unique feature in its artificial intelligence ( AI) system. Mitsubishi didn't go deep into the details of how it works, but by using many sensors, the AI can adjust how the car drives and reacts based on road conditions, traffic, and driver preferences. It can make you a better driver by silently assisting you, but it can also make you a better driver by teaching you. Apparently it can assess your driving skills and advise you on how to improve. Hopefully the e-Evolution, or whatever production model takes inspiration from it, will be fun enough to drive that you will want to improve your skills. The e-Evolution will be on display at the Tokyo Motor Show. It will only be on display for one of the press days, so if you happen to be able to get to the show then, make sure you catch it. For everyone else, stay tuned to Autoblog for more photos and info when it's fully revealed. Related Video: