Mitsubishi, in naming Aikawa as next president, declares its independence

12:01 am U.S. ET | Feb. 9, 2014
The naming of Tetsuro Aikawa as Mitsubishi Motors' next president marks a key step toward independence for the carmaker. It may finally be getting out from under the thumbs of its largest shareholders.... Read More »


Mitsubishi appoints new CEO of N.A. unit

2:14 pm U.S. ET | Feb. 5, 2014
Mitsubishi Motors North America named a new CEO to head the automaker's operations as it plots a comeback in the U.S. market. Ryujiro Kobashi will take the reins of Mitsubishi's North American unit on March 1, from current chief Yoichi Yokozawa, who has been CEO since April 2011.... Read More »


Mitsubishi boosts profit on weaker yen

Feb. 5, 2014 08:41 CET
Mitsubishi swung to a net profit in the October-December quarter and reported a fourfold increase in operating profit, as a weaker yen bolstered results.... Read More »


Masuko promoted to CEO as Mitsubishi shuffles top ranks

10:50 pm U.S. ET | Feb. 4, 2014
Mitsubishi Motors has shuffled its top brass. Osamu Masuko, who has revived the automaker as president over the past nine years, becomes chairman and CEO. Tetsuro Aikawa will be president and COO.... Read More »


Mitsubishi shuffles top ranks, elevates Masuko

Feb. 5, 2014 04:50 CET
Mitsubishi Motors has shuffled its top executives. Osamu Masuko, who has revived the automaker as president over the past nine years, becomes chairman and CEO. Tetsuro Aikawa will be president and COO.... Read More »


Mitsubishi reassures dealers product drought is ending

12:01 am U.S. ET | Feb. 3, 2014
Mitsubishi, seeking to reassure dealers that the U.S. product drought is abating, laid out plans for exterior enhancements and powertrain options on existing models and mentioned a possible new mid-sized sedan.... Read More »


Mitsubishi Motors' Masuko to step aside as president to focus on partnerships, report says

Jan. 31, 2014 03:29 CET
Mitsubishi will appoint Managing Director Tetsuro Aikawa to replace Osamu Masuko as president. Masuko will become chairman and focus on building partnerships with other automakers, sources said.... Read More »


Mitsubishi to shuffle top management, report says

9:29 pm U.S. ET | Jan. 30, 2014
Mitsubishi Motors President Osamu Masuko, who led the struggling carmaker to record profits and overhauled its product strategy, plans to hand off control April 1 to Managing Director Tetsuro Aikawa, Japan's Nikkei business daily reported Friday in Tokyo.... Read More »


Mitsubishi opens up on future product

2:40 pm U.S. ET | Jan. 27, 2014
Mitsubishi laid out plans to reinvigorate its hobbled product line with exterior enhancements, additional powertrain options and a possible new mid-sized sedan.... Read More »


G4 a maybe for Canada

12:01 am U.S. ET | Jan. 27, 2014
Customers will have a say in whether the tiny, squat-nosed Mitsubishi Mirage G4 sedan will be offered in Canada.... Read More »


RC Hill

Mitsubishi dealers struggle through dearth of product

2:00 pm U.S. ET | Jan. 26, 2014
Mitsubshi rebounded from its multiyear sales slide in 2013 with an 8 percent gain. But challenges remain, namely in the form of product. The brand has had a five-vehicle lineup since the Mirage minicar went on sale last fall. Although the automaker plans to add SUVs, including a plug-in hybrid Outlander and the next-generation Montero, those won't arrive stateside until 2015 at the earliest. RC Hill, chairman of the Mitsubishi National Advisory Board, spoke with Staff Reporter Ryan Beene.... Read More »


Mitsubishi to raise up to $2.5 billion in stock sale

Jan. 22, 2014 14:46 CET
Mitsubishi Motors will sell new shares and plans to pay a dividend for the first time in more than 16 years as part of its reorganization after a bailout.... Read More »


Mitsubishi to raise up to $2.5 billion in stock sale, reissue dividend

8:46 am U.S. ET | Jan. 22, 2014
Mitsubishi Motors will sell new shares and plans to pay a dividend for the first time in more than 16 years as part of its reorganization after a bailout.... Read More »



Thin lineup hurts Mitsubishi dealers

12:01 am U.S. ET | Jan. 20, 2014
Mitsubishi dealers are starving for more product and will have a tough road ahead until the factory adds new models, possibly starting in 2015. RC Hill, owner of RC Hill Mitsubishi in DeLand, Fla., and chairman of Mitsubishi's dealer council, says the profitability, sales and fixed operations of Mitsubishi dealers have suffered since its lineup has shrunk to four core products in the last few years.... Read More »


Inventory levels are sitting pretty

12:01 am U.S. ET | Jan. 13, 2014
Automakers started the New Year with an ideal level of stock after trimming a quarter million units of U.S. inventory in December.... Read More »



U.S. sales barely rise as storms, Nov. payback take toll

8:00 am U.S. ET | Jan. 3, 2014
U.S. light-vehicle sales edged up in December but fell short of expectations of a 4 percent gain, as wintry weather and a payback from November's surge took a bite out of demand. Most companies managed to close out the year with an increase. Among the biggest automakers, Nissan led with an 11 percent gain, while GM dropped 6 percent.... Read More »


Battery bottlenecks delay Mitsubishi plug-in hybrid launch

12:01 am U.S. ET | Dec. 29, 2013
Mitsubishi Motors Corp. has delayed the U.S. launch of its Outlander plug-in hybrid until 2015, two years after its global debut, because of bottlenecks in battery production.... Read More »


Mitsubishi lifts profit outlook on weakening yen

7:03 am U.S. ET | Dec. 20, 2013
Mitsubishi Motors lifted its operating profit forecast for the current financial year by 20 percent, helped by a weakening yen, cost cuts and strong sales of the Outlander SUV plug-in hybrid.... Read More »



Mitsubishi chief: Automaker's growth starts now

12:01 am U.S. ET | Dec. 16, 2013
President Osamu Masuko has led a rebounding Mitsubishi Motors Corp. to record net income after years of restructuring.... Read More »


Mitsubishi plans to cut i-MiEV price by 20%

9:44 pm U.S. ET | Dec. 3, 2013
Following big price cuts by other automakers to stoke demand for electric cars, Mitsubishi said it will reduce the sticker price of its slow-selling i-MiEV electric car by 20 percent for its upcoming model year.... Read More »



Message to Chrysler: Let dealers handle local marketing

12:01 am U.S. ET | Dec. 2, 2013
The very first car Doug Moreland sold was a Chevrolet Corvair in Reno, Nev., in 1969. It had belonged to the woman who would one day be his wife.... Read More »



They're back: Japan automakers target U.S. sales records

12:01 am U.S. ET | Nov. 25, 2013
After five trying years, the Japanese are looking like a juggernaut again in the United States. All but Mitsubishi are predicting record U.S. sales -- if not this year or next, then within two years. And the optimism appears well-founded.... Read More »


Mitsubishi plans plug-in hybrid version of crossover

12:01 am U.S. ET | Nov. 25, 2013
Mitsubishi Motors Corp.'s XR-PHEV plug-in hybrid concept is a preview of the next-generation Outlander Sport compact crossover, President Osamu Masuko said last week at the Tokyo Motor Show.... Read More »


Mitsubishi boss says U.S. losses may end this year

6:47 am U.S. ET | Nov. 22, 2013
Mitsubishi's money-losing North American operations may reach breakeven this year for the first time since 2007, President Osamu Masuko said. Overseas demand for Illinois-built vehicles is helping pave the way.... Read More »



Mitsubishi sees Europe as big market for plug-in hybrid compact SUV

Nov. 22, 2013 06:01 CET
Mitsubishi expects a plug-in hybrid version of the successor to the ASX compact SUV to sell more than gasoline and diesel variants in Europe. The XR-PHEV concept at the Tokyo auto show previewed the next ASX.... Read More »


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