Mitsubishi

Mitsubishi to drop Lancer Evolution

12:01 am U.S. ET | April 7, 2014
Mitsubishi will pull the plug on its all-wheel-drive Lancer Evolution performance sedan at the end of the nameplate's current generation.... Read More »

 

Mitsubishi to end Lancer Evolution production, another potential setback for U.S. dealers

7:10 am U.S. ET | March 31, 2014
Mitsubishi will pull the plug on the Lancer Evolution, the brand's all-wheel-drive performance sedan, at the end of the nameplate's current generation.... Read More »

 

Mitsubishi buys defunct Ford plant in Philippines to fuel Asia growth

6:53 am U.S. ET | March 31, 2014
Mitsubishi Motors Corp. has bought a defunct assembly plant from Ford Motor Co. in the Philippines as part of its push to expand sales in booming Southeast Asia.... Read More »

 

Dealers advise Mitsubishi at U.S. plant

12:01 am U.S. ET | Feb. 24, 2014
Mitsubishi wants more product input from its dealers.... Read More »

 

Mitsubishi aims to beat profitability forecast by ending N.A., Japan losses

6:40 am U.S. ET | Feb. 18, 2014
Mitsubishi Motors Corp., the maker of i-MiEV electric cars, is seeking to exceed its profitability target by ending losses in Japan and North America, President Osamu Masuko said.... Read More »

 

Mitsubishi: We're staying

12:01 am U.S. ET | Feb. 10, 2014
Tetsuro AikawaMitsubishi Motors Corp.'s newly named president pledged to keep the Japanese carmaker in the United States and said he would keep pursuing his predecessor's strategy of focusing on electrified drivetrains and SUVs.... Read More »

 

ANALYSIS

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 »

 

Q&A: RC HILL, MITSUBISHI NATIONAL ADVISORY BOARD

Mitsubishi dealers struggle through dearth of product

2:00 pm U.S. ET | Jan. 26, 2014
RC HillMitsubshi 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 »

 

DEALER COUNCIL LEADERS

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 »

 

DECEMBER U.S. AUTO SALES

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 »

 

OSAMU MASUKO, PRESIDENT, MITSUBISHI MOTORS CORP.

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 »

 

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