1996 Mitsubishi Eclipse Gs Hatchback 2-door 2.0l on 2040-cars
Lubbock, Texas, United States
For sale locally as well so first come first serve. Excellent project car. Handled very well. Motor is blown. Pretty sure a rod was thrown but not 100%. Transmission is good - always shifted excellently. Drove very well before motor went. Driver seat is broken and won't stay upright - easy replacement. Trunk latch does not work but can manually pull the cable to open it from inside. As most 2g's, the exterior door handles are broken. 1 was replaced already but broke again. I was going to put door poppers until the motor went. There is a dent in the hatchback door and the rear quarterpanel. The previous owner backed into something. It doesnt hinder the hatch opening. I have a replacement hatch and quarterpanel piece that will go with the vehicle if you want it. Ive also got 2 boxes of interior and motor parts in the trunk that go with as well. Please see pictures for any other dents, dings, etc. This vehicle does not run. It is for sale with no warranty, expressed or implied. Sale is final. Please ask any questions before bidding. Please fully inspect pictures before bidding. Vehicle is available for inspection - contact me to set up a time. I will not ship. You can arrange a service to pick it up for you if necessary. All bids are binding. Full payment is expected within 3 days of auction close. Non paying bidders will be reported as such. I accept paypal or cash only. Title is in hand and will be given to you with key upon pickup. Vehicle is expected to be picked up within 7 days of auction close.
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Mitsubishi hopes to raise $2.5B with stock sale
Wed, 22 Jan 2014Mitsubishi, which dates all the way back to 1870, is one of the oldest business collectives in Japan. Today, the various businesses that share the Mitsubishi name are largely independent of each other. The automotive unit, however, has fallen on hard times over the past few years.
Back in 2004 and 2005, Mitsubishi Motors sold billions of preferred shares to sister companies like Mitsubishi UFJ Financial Group, Mitsubishi Heavy Industries and Mitsubishi Corp. Now the automaker is preparing to buy back those shares, only to raise the capital, it's selling $2.5 billion worth of shares, simultaneously paying stock dividends for the first time in over 16 years.
The stock issue will reportedly include as many as 241 million shares at a value of $10.73 each. The move is part of a long-term reorganization being implemented by the automaker's president Osamu Masuko, and is expected to help the company double its net income and eliminate all outstanding preferred shares by the end of the fiscal year closing in March.
Masuko to step down as Mitsubishi Motors CEO, Kato to succeed him
Fri, May 17 2019TOKYO — Mitsubishi Motors Corp said on Friday that Osamu Masuko will step down as its chief executive on June 21 and be replaced by Takao Kato, who is president of its operations in Indonesia. Masuko will retain his role as chairman of the board, Mitsubishi Motors said in a statement, adding that Masuko and Kato will hold a press conference on May 20 to discuss the changes. Japan's sixth-largest automaker, in which Nissan Motor Co holds a controlling stake, said this month it expects profit to fall to 90.0 billion yen ($821 million) in the year to March as it navigates slowing demand for cars, global trade frictions and the need to develop new technologies. Mitsubishi's partners Nissan and France's Renault are meanwhile grappling with the fallout from the arrest of Carlos Ghosn, the group's former chairman, who is facing charges of financial misconduct in Japan. Ghosn has denied all charges against him. Reporting by Stanley White.
NHTSA begins inquiry into Mitsubishi fuel economy
Fri, Apr 22 2016The National Highway Traffic Safety Administration wants to make sure Mitsubishi doesn't falsify fuel economy ratings in the US like the company does in Japan. "We've requested information from Mitsubishi about this issue," a NHTSA spokesperson told Reuters. The person didn't provide details about the specific models the regulator wanted to know more about. At this time, there's no evidence of fuel economy inaccuracies for any North American models. The affected vehicles in Japan so far are 625,000 small kei-class cars, including the Mitsubishi eK, eK Space, Nissan Dayz, and Dayz Roox, which Mitsu produces for Nissan. However, Japanese regulators are taking a closer look at other models and gave the company a week to hand over test data. A newspaper there claims Mitsubishi allegedly used "non-Japanese test methodology" on the RVR, Outlander, Pajero, and Minicab MiEV. NHTSA's look into Mitsubishi comes at the same time the Department of Justice is scrutinizing Daimler for possible emissions anomalies. "Daimler will consequently investigate possible indications of irregularities and of course take all necessary action," the German automaker said in a statement. The company asserts the DOJ's inquiry is unrelated to a lawsuit from owners, which alleges the BlueTec emissions control system is designed to turn off at low temperatures. Related Video: