2003 Lancer Oz Rally (yellow) *5sp* *great Condition* on 2040-cars

Auto blog

Mitsubishi Outlander PHEV is world's first production plug-in hybrid CUV [w/video]

Though Mitsubishi first showed us the form of its 2013 Outlander in Geneva a while back, the company saved its plug-in hybrid crossover for this week's Paris Motor Show soiree.
Mitsubishi is quite proud to offer what it says is the world's first production PHEV utility vehicle, a new model that makes use of established technologies within the company. Learnings from the company's i-MiEV electric car have worked there way into a vehicle that can travel up to 55 kilometers (34 miles) on lithium-ion battery power. Two electric motors independently power the front and rear wheels of the Outlander, while the gasoline-powered engine can be used as a generator for the motors, or to power the vehicle directly. The target combined fuel economy for the Outlander PHEV is 61 km/liter, or roughly 143 miles per gallon.
The Outlander PHEV will be introduced in the Japanese market in the first part of 2013, with European and North American markets to follow on. There is no word about an on-sale date, but while you're pondering the possibilities, check out an official video by scrolling down and peruse our high-res image gallery.

Even Consumer Reports is savaging the Mitsubishi Mirage

When we reviewed the 2014 Mitsubishi Mirage a few months ago, we absolutely hated it. Our conclusion was that if you needed a car in this segment to either pay a few hundred dollars more for a Chevy Spark or spend less for an entry-level Nissan Versa. Basically, avoid this Mitsubishi at all costs. It turns out that we weren't the only ones who despised it. Consumer Reports can often find something positive about just about any vehicle, but even the usually gentle publication struggles to find compliments when it comes to the Mirage.
It's most serious gripe concerns the model's handling. CR describes the way that the Mirage wallows around turns with tons of body lean even at low speeds as "scary." A little car with a curb weight of 2,051 pounds just shouldn't corner this poorly.
While Consumer Reports definitely has no love when it comes to the 2014 Mirage, finding something to dislike about practically every aspect of the vehicle from its powertrain to the interior, the reviewers do end up digging out one positive aspect. You'll have to scroll down and watch the video to find out what it is.

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.