2006 Mitsubishi Lancer Evolution Mr Sedan 4-door 2.0l on 2040-cars

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$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

Japan could consolidate to three automakers by 2020

Sergio Marchionne might see his dream of big mergers in the auto industry become a reality, and an analyst thinks Japan is a likely place for consolidation to happen. Takaki Nakanishi from Jefferies Group LLC tells Bloomberg the country's car market could combine to just three or fewer major players by 2020, from seven today. "To have one or two carmakers in a country is not only natural, but also helpful to their competitiveness," Nakanishi told Bloomberg. "Japan has just too many and the resources have been too spread out. It's a natural trend to consolidate and reduce some of the wasted resources." Nakanishi's argument echoes Marchionne's reasons to push for a merger between FCA and General Motors. Automakers spend billions on research and development, but their competitors also invest money to create the same solutions. Consolidating could conceivably put that R&D money into new avenues. "In today's global marketplace, it is increasingly difficult for automakers to compete in lower volume segments like sports cars, hydrogen fuel cells, or electrified vehicles on their own," Ed Kim, vice president of Industry Analysis at AutoPacific, told Autoblog. Even without mergers, these are the areas where Japanese automakers already have partners for development. Kim cited examples like Toyota and Subaru's work on the BRZ and FR-S and its collaboration with BMW on a forthcoming sports car. Honda and GM have also reportedly deepened their cooperation on green car tech. After Toyota's recent buyout of previous partner Daihatsu, Nakanishi agrees with rumors that the automotive giant could next pursue Suzuki. He sees them like a courting couple. "For Suzuki, it's like they're just starting to exchange diaries and have yet to hold hands. When Toyota's starts to hold 5 percent of Suzuki's shares, this will be like finally touching fingertips," Nakanishi told Bloomberg. "I absolutely do believe that we are not finished seeing consolidation in Japan," Kim told Autoblog. Rising development costs to meet tougher emissions regulations make it hard for minor players in the market to remain competitive. "The smaller automakers like Suzuki, Mazda, and Mitsubishi are challenged to make it on their own in the global marketplace. Consolidation for them may be inevitable." Related Video:

Mitsubishi to add new crossover to US lineup

With crossovers of all sizes enjoying immense popularity with consumers, Mitsubishi is making a grab for some of the action with a third CUV offering. The as-of-yet unnamed vehicle is set to slot in between the baby Outlander Sport and the full-size Outlander, CEO Osamu Masuko told Automotive News ahead of the Tokyo Motor Show. Aimed squarely at the crossover-crazy US and European markets, this new vehicle will likely enter production two years from now. That should mean an auto show debut at Paris or Los Angeles in 2016, or at some point in early 2017. The new vehicle would duke it out with the redesigned Kia Sportage and Hyundai Tuscon. If it sounds like this new CUV would cannibalize some of its little brother's sales, you'd be right. To prevent this, Mitsu will tweak the sizes of the vehicles it currently offers. "The Outlander is growing in size, while the Outlander Sport is getting smaller, so it opens a space for the new SUV," Masuko told AN. "We need something to fit in between." Having a three-tiered CUV lineup might help Mitsubishi, which has enjoyed 26 percent sales growth through September this year. According to AN, over half of Mitsu's current sales come from the Outlander and Outlander Sport. Adding a third CUV would capitalize on a US market that's clamoring for light trucks and crossovers. Before the third model debuts, the next step for the brand will be the arrival of a plug-in hybrid Outlander. You can look for our review on that next year. Featured Gallery Mitsubishi eX Concept View 34 Photos News Source: Automotive News - sub. req.Image Credit: Mitsubishi Mitsubishi Crossover Economy Cars osamu masuko