Low 28k Miles 92 Mitsubishi Vr-4 3000 Gt Twin Turbo on 2040-cars

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MotorWeek remembers a better time for Mitsubishi performance

Dodge still knows how to create an capable performance car – look at the Hellcats, for example – but the same isn't true for Mitsubishi. With the Lancer Evo's demise, we don't expect driving enthusiasts to clamor for any of the Japanese automaker's other products. Things used to be different, though. As MotorWeek found in its new Retro Review, the 1991 Mitsubishi 3000GT VR4 and its sibling, the Dodge Stealth R/T Turbo, were impressive sports coupes in their day. Dodge and Mitsubishi packed a bevy of cutting-edge tech into the coupes. In these trims, both sported all-wheel drive, four-wheel steering, an adjustable suspension, active exhaust, and automatic climate control. The 3000GT VR4 upped the ante even more with active aero parts at the front and rear. Their 3.0-liter twin-turbo V6 was good for 300 horsepower and 307 pound-feet, which were good numbers at the time. This pair put all their gizmos to good use, too. MotorWeek compares the all-wheel-drive system's grip levels to a Porsche 911 Carrera 4. When was the last time you heard any favorable similarity between a Mitsubishi and a Porsche? The Stealth R/T Turbo and 3000GT VR4 came from a special time for Japanese sports coupes, when every brand had a halo model. Whether you were looking at Nissan 300ZX, Mazda RX-7, Toyota Supra, or even the Acura NSX, there was a lot to like on the market. MotorWeek's latest Retro Review offers a great reminder of that period.

Nissan and Carlos Ghosn settle SEC claims over undisclosed compensation

WASHINGTON — Nissan and its former Chief Executive Carlos Ghosn have agreed to settle claims from the U.S. Securities and Exchange Commission over false financial disclosures related to Ghosn's compensation, an SEC statement said on Monday. Nissan will pay $15 million, while Ghosn agreed to a $1 million civil penalty and a 10-year ban from serving as an officer or director of a publicly traded U.S. company, the SEC statement said. Ghosn was arrested in Japan and fired by Nissan last year. He is awaiting trial in Tokyo on financial misconduct charges that he denies. Former Nissan human resources official Gregory Kelly agreed to a $100,000 penalty and a five-year officer and director ban. Nissan, Ghosn, and Kelly settled without admitting or denying the SEC's allegations and findings. The SEC said in total Nissan in its financial disclosures omitted more than $140 million to be paid to Ghosn in retirement — a sum that ultimately was not paid. The SEC also accused Ghosn in a suit filed in New York that he engaged in a scheme to conceal more than $90 million of compensation. That suit is being settled as part of the agreement announced Monday. Nissan confirmed it had settled the allegations and said it "is firmly committed to continuing to further cultivate robust corporate governance." Nissan provided significant cooperation to the SEC, the agency said. The company now has a new governance structure with three statutory committees — audit, compensation and nomination — and has amended its securities reports for all relevant years. The SEC said beginning in 2004 Nissan's board delegated to Ghosn the authority to set individual director and executive compensation levels, including his own. The SEC said "Ghosn and his subordinates, including Kelly, crafted various ways to structure payment of the undisclosed compensation after Ghosn's retirement, such as entering into secret contracts, backdating letters to grant Ghosn interests in Nissan's Long Term Incentive Plan, and changing the calculation of Ghosn's pension allowance to provide more than $50 million in additional benefits." "Investors are entitled to know how, and how much, a company compensates its top executives. Ghosn and Kelly went to great lengths to conceal this information from investors and the market," said Stephanie Avakian, co-director of the SEC's Division of Enforcement.

2023 Mitsubishi Outlander PHEV shown, full details coming October 28

The wait for details on the plug-in hybrid 2023 Mitsubishi Outlander are almost over. The company has been promising the model for quite a while, and it has been tight-lipped about details. But on October 28, the company will reveal nearly all before the SUV's U.S. launch in the second-half of 2022. In the meantime, Mitsubishi released photos of the plug-in model. As you can plainly see, it looks pretty much identical to the non-hybrid variant. The only real exception are the large hybrid badges placed on the doors and on the hatch. The white example in the photos also showcases a black contrast roof that's seemingly unavailable on non-hybrid Outlanders. The interior is also virtually unchanged. Mitsubishi also let slip one other interesting tidbit about the Outlander PHEV before the full reveal: it comes standard with a third row of seats. This is a change from the previous model that was two-row only. This is also interesting considering that Mitsubishi has previously said the new PHEV will have more battery capacity than the outgoing model. When the electrified Outlander has its official reveal in a couple weeks, we should have far more details on the powertrain. We're expecting it will continue to use a pair of electric motors, one for the front wheels and one for the rears. The engine will probably run mainly in a series-hybrid configuration, generating electricity for the motors, and only engaging the drivetrain under particular circumstances in which doing so would provide the necessary power and when it's efficient. Pricing will probably have to wait until closer to the Outlander's on-sale date next year. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.