2014 Mitsubishi Lancer Es on 2040-cars

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Mitsubishi pondering $2B share sale?

Mitsubishi makes the brilliantly fast, wonderfully fun Lancer Evolution. Outside of that road-going rally car, the rest of the range is pretty poor - the new Outlander isn't bad, but the subcompact Mirage looks like might've been competitive five years ago, while the Galant and Lancer have suffered from serial neglect.
This hasn't just lead to rumors of Mitsu's death in America; the subsidiary of the massive Mitsubishi Group has been in trouble at home, too. It was bailed out by three other Mitsubishi Group companies - Mitsubishi UFJ Financial, Mitsubishi Heavy Industries and Mitsubishi Corporation - between 2004 and 2005, according to Bloomberg. Now, it's attempting to extricate itself from "emergency mode," as analyst Koichi Sugimoto told the financial site, adding that "they're still in the very early stages of recovery."
As part of the bailout, Mitsubishi issued its three saviors billions of dollars of preferred shares, which don't have voting rights. The problem is, Mitsubishi hasn't issued dividend payments since 1998, and these stocks aren't exactly competing with Apple or Google, in terms of value. In other words, they're mostly worthless. With a public offering, Mitsubishi is expecting to raise 200 billion yen, or about $2 billion, in order to reduce the number of preferred shares. If all goes according to plan, it will wipe out preferred shares by March of 2014, or the end of fiscal year 2013.

$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

2016 Mitsubishi Outlander Sport puts on a fresh face

Mitsubishi is using this year's LA Auto Show to debut its refreshed Outlander Sport. It's got some brand-new style, some interior updates, and, well, that's about it. Still, the tweaks will hopefully help the Outlander Sport find better success in the red-hot compact crossover market. The updated Outlander Sport features power folding side mirrors with integrated LED turn indicators, a fresh set of 18-inch wheels, and new wheel arch moldings. The interior further benefits from a new steering wheel, 6.1-inch display, and auto-dimming rearview mirror with Homelink buttons built in. Buyers will also be able to specify three new color choices and new interior upholstery options as well. Apart from those few upgrades, we're looking at essentially the same vehicle. That means either a 2.0-liter inline-four good for 148 horsepower and 145 pound-feet of torque, or a 2.4 rated at 168 hp and 167 lb-ft. A five-speed manual comes standard with the base engine and trim, or a CVT in all other combinations. Despite the updated equipment, the 2016 Mitsubishi Outlander Sport still carries the same MSRP of $19,595. It also boasts some of the most competitive warranty coverage in the business. DYNAMIC DESIGN ENHANCES MITSUBISHI MOTORS SALES LEADER: MITSUBISHI OUTLANDER SPORT UPDATED FOR 2016 - 2016 Outlander Sport adds bold, sleek exterior design elements with Mitsubishi's "Dynamic Shield" front design concept - Interior enhancements add stylish accents to further Outlander Sport's value CYPRESS, Calif. Nov. 18, 2015 – Mitsubishi Motors North America, Inc. (MMNA) today unveiled the updated 2016 Mitsubishi Outlander Sport featuring a newly redesigned, bold exterior front fascia/grille. The brand's best-selling CUV is now equipped with Mitsubishi's "Dynamic Shield" front design concept adding a sleek, audacious element to a vehicle that already makes a statement of its own. "The Outlander Sport is a brand leader for Mitsubishi Motors, and we are excited to unveil this eye-catching 2016 model-year," said MMNA executive vice president, Don Swearingen.