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Mitsubishi reportedly plans to spend billions to get back in the game

Japanese automaker Mitsubishi Motors reportedly plans to inject more than 600 billion yen ($5.35 billion) in capital spending and research and development over the next three years through fiscal 2019 in a bid to turn around its business after recent scandals. The Nikkei newspaper said the new plan calls for spending 5 percent of annual sales on equipment and the same proportion on R&D. Funds will be used by the company for the development of electrified vehicles such as the new e-Evolution concept and for production in China and Indonesia. Mitsubishi Motors will release the specifics of the new medium-term plan on Wednesday, the business daily said. ($1 = 112.1600 yen) Reporting by Sumeet Gaikwad Related Video: Image Credit: Reuters Earnings/Financials Green Plants/Manufacturing Mitsubishi Technology Emerging Technologies Electric research and development nikkei

Not a dry eye in the house for last Mitsubishi Evo X video

Say what you will about the Mitsubishi Lancer Evolution; we're going to miss this one when it's gone. Japan's rally car for the street is officially being phased out, and production is ending in Japan. But not before one Final Edition, and a final video showing the turbocharged, all-wheel-drive wonder being built. In Japan, the Final Edition is limited to a run of just 1,000 units. It's based on the GSR model with the five-speed manual transmission, but comes with performance goodies like Bilstein shocks, Eibach springs, Recaro seats, Brembo brakes, and more. See it for yourself in the gallery, below. Over the course of 23 years, there have been 10 generations of the Lancer Evolution. And while Evo X might not be our favorite (this author much prefers Evo IX, for what it's worth), it's still sad to see Mitsubishi's iconic, winged sedan head to the grave. A sign of the times, Mitsubishi says the Evo "will be replaced in spirit" by a high-power, hybrid SUV. That's a tall order, and doesn't seem to make a whole lot of sense, but we'll see. For now, say goodbye to the Evo X by watching the final production video, above. And just be thankful Subaru still makes its lovely WRX STI.

Mitsubishi celebrates 40 years in UK with Evo festooned with aftermarket bits

Mitsubishi has an anniversary to celebrate. It has been selling cars in the UK for the last 40 years, and in recognition it is launching the Lancer Evolution X FQ-440 MR special edition with some real performance upgrades from top aftermarket companies. The models will be limited to 40 units in Frost White and priced at £50,000 each.
The special Evo uses a tweaked ECU to boost power to 440 horsepower and 412 pound-feet of torque with a six-speed, twin-clutch Sports Shift Transmission, and the engine receives a long list of augmentations with an intake, intercooler piping and tubular manifold from Janspeed, plus motorsport-specification, high-flow fuel injectors. To keep up with the acceleration, it gets six-piston front brake calipers and upgraded rear brakes behind 18-inch BBS forged alloy wheels. The suspension is lowered by 35 millimeters (1.378 inches) in the front and 30mm (1.181 inches) in the rear with Eibach coil springs.
The interior gets improvements to fit the performance upgrades. Leather-covered Recaro seats are found up front, along with an eight-speaker, Rockford Fosgate audio setup complete with a subwoofer. Navigation is standard with a seven-inch LCD touchscreen. The special edition definitely won't be making it to the US, but it's nice to see Mitsubishi commemorating itself with a performance model. Scroll down to get the full specs in the press release.