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Mitsubishi has 6 all-new models in the works, plus 5 redesigns

Mitsubishi has revealed its plans for the next three years, and they're all focused on expansion. The company wants to improve unit sales and revenue by 30 percent, which would have it selling 1.3 million cars worldwide. It also plans to improve profit margins from 0.3 percent to 6 percent. This will entail an investment of nearly $5.3 billion. To do this, the company will work on reducing development and manufacturing costs and concentrating on improving in existing markets. But the most interesting part for consumers and enthusiasts: its expanding product plans. Mitsubishi says it will have 11 new model launches over the three-year expansion period. Of these models, six of them are completely new, and the other five will be significant updates and redesigns of existing models. Two of the new vehicles have been shown already including the Eclipse Cross, a compact crossover we'll get in America, and the Xpander (shown below), a minivan-type thing that won't come to the States. The addition of redesigned and new models should be great news for Mitsubishi dealers, especially in America where the company only offers two flavors of aging Outlander, and the bargain-basement Mirage. Fans of Mitsubishi cars might not have much to be excited for, though, since the company says it will be focusing on SUVs and trucks. In fact, it expects that its five best-selling models and 70 percent of its sales will be SUVs, trucks, and plug-in hybrids. If we had to guess what the next four Mitsubishi models could be, we imagine that at least one of them will be some type of full-size crossover. Something sized similarly to the foreign-market Pajero SUV, but designed for pavement pounding. This would especially make sense given other companies entering that space such as VW with the Atlas, and Subaru with its Ascent. As for the three other slots, it's harder to guess. The future Outlander will grow, and the Outlander Sport will shrink, so Mitsubishi will have its midsize and subcompact bases covered, and with a hypothetical full-size crossover, it would have a full line. Those three other slots could be cars, or perhaps specialty crossovers, maybe even a sporty one based on the e-Evolution. But they could also be vehicles aimed at other regions in segments that don't really exist in the U.S. For instance, they could include new microcars for Japan's Kei class of vehicles, or possibly ultra-bare bones, low-cost compacts for Southeast Asia, India and China. Related Video:

Nissan may take control of struggling Mitsubishi Motors

Update: The reports were largely correct. Nissan will take a 34 percent stake in Mitsubishi for roughly $2.2b. Read all about it here. Reports say Nissan will buy a controlling stake in Mitsubishi Motors, either 30 or 34 percent, for about 200 billion yen or $1.84 billion. Nissan and Mitsubishi motors are currently part of a joint venture, NMKV, to build minicars together. Nissan is also responsible for reporting fuel-economy discrepancies with cars built under the joint-venture agreement, which put Mitsubishi in its current weakened state. Earlier today, reports surfaced that the fuel-economy issues were wider ranging than originally thought. Mitsubishi now admits that all of its Japanese-market cars sold since 1991 could have had faked fuel-economy data. Shares of Mitsubishi Motors have dropped by about half since the scandal was uncovered, opening the door for a takeover. While Nissan is a much larger company, it can benefit from Mitsubishi's 60-percent share of Japan's minicar market. The two companies also had plans to build electric vehicles together in the joint venture. Japan's Nikkei reports that talks are ongoing between the company and that a decision could be made Thursday by the companies' boards. Related Video: News Source: Nikkei Green Mitsubishi Nissan

9,800-mile 2006 Mitsubishi Evo IX MR likely to set a record on Bring a Trailer

The Mitsubishi Lancer Evolution may be gone from the U.S. market, but it is not forgotten. And it's clear that for some fans, the passion for the rally-inspired Mitsu burns as brightly as ever. We saw that a delivery-miles example can crack the six-figure mark, when this 2006 Evo IX MR with 9 miles on the clock fetched just shy of $138k on eBay. Now, it looks like we're about to find out how high is up for a driven but still low-miles car — with 9,800 miles on the odometer — as this pristine 2006 Lancer Evolution IX MR on Bring a Trailer has already garnered bids of $35k with six days still to go. The BaT car is the same year and model as the $138k eBay example. It features the SE appearance package and is finished in Apex Silver Metallic. The MR trim level included an aluminum roof panel (with vortex generators at the trailing edge), HID headlamps, and auxiliary gauges, and aluminum trim inside. The SE appearance package featured a revised front spoiler, dark-finish BBS wheels, and red contrast stitching on the seats. The car, which is being sold by a dealer in Colorado Springs, appears to be unmodified. A 2006 Evo IX MR with 25,000 miles sold for $37,787 back in June on BaT, and a 2006 Evo IX SE with 4,000 miles brought $36,916 in October 2018. This car seems certain to smash those numbers. Featured Gallery 2006 Mitsubishi Lancer Evo IX MR on BaT Mitsubishi Auctions Performance Classics Sedan