No More Mitsubishi??
DeeCeeFo'
Joined: Jul 2002
Posts: 5,755
Likes: 0
From: Scranton PA
Originally Posted by spankaveli
too bad your father wouldn't pull out.
Originally Posted by spankaveli
i like ford.
besides, i just like making obscure comments.
besides, i just like making obscure comments.
They should leave the U.S. market and hand the EVO as we know it to DiamlerChrysler.
h:
514.315.407.405
Joined: Oct 2000
Posts: 23,370
Likes: 0
From: Syracuse, NY... again.
Originally Posted by Max Windu
:lmfao:
:werd:
Maybe we shouldn't wait to buy it then :happysad:
:werd:
Maybe we shouldn't wait to buy it then :happysad:
Originally Posted by darth asiandoood
:rofl:
the MR color...gray somethingh:
the MR color...gray something
h:Ohh yea... thats my fav. GOing to get my LS in that colour!
Wannabe yuppie
Joined: Dec 2000
Posts: 25,918
Likes: 0
From: Madison, WI
So yeah...
http://www.detnews.com/2005/autosins...9/01-94205.htm
Struggling Japanese automaker Mitsubishi Motors Corp. reaffirmed its commitment to the U.S. market Friday, saying it had no intentions of exiting that market.
The Tokyo-based automaker, which has a car plant in Normal, Ill., denied in a statement that it had ever pursued such a possibility and called "groundless" a report in The Wall Street Journal that said it was seeking a buyer for its U.S. operations.
Mitsubishi Motors has announced several revival plans in recent years. It has been hurt by disclosures that it had systematically hidden auto defects from the authorities that spanned decades at the company.
The scandal emerged in 2000 but resurfaced last year, and Mitsubishi Motors vehicle sales have plunged in Japan.
DaimlerChrysler AG of Germany, which had initially been part of its turnaround effort, decided to end additional financing last year. Mitsubishi Motors has received cash infusions from the Mitsubishi group of companies to fund its comeback.
Mitsubishi Motors is expecting a group net loss for the year ending March 31 of 472 billion yen ($4.5 billion), but is planning to return to profit by the fiscal year ending March 2007.
It has recently announced minor agreements to make vehicles for French automaker PSA Peugeot Citroen and Nissan Motor Co. of Japan.
In Friday's editions, the Journal reported that unidentified people familiar with the matter said Mitsubishi Motors' new president, Osamu Masuko, traveled to Detroit for an auto show in January to begin talks with potential buyers for its U.S. operations.
The report said Masuko was accompanied by Yasushi Ando, head of Tokyo-based investment fund Phoenix Capital Co, which currently holds a 21.2% stake in Mitsubishi Motors.
It said the two Japanese executives met privately with several industry executives, including representatives from U.S. private-equity fund Ripplewood Holdings LLC. A representative for Ripplewood declined to comment to the Journal. The newspaper said it was told Ripplewood didn't show much interest in the U.S. operations which include Mitsubishi's North American sales unit in Southern California an the assembly plant in Illinois.
The Journal said Mitsubishi representatives confirmed the two executives attended the Detroit auto show, but declined to comment on any meetings and said Mitsubishi has "no plans to withdraw from the North American market."
http://www.detnews.com/2005/autosins...9/01-94205.htm
Struggling Japanese automaker Mitsubishi Motors Corp. reaffirmed its commitment to the U.S. market Friday, saying it had no intentions of exiting that market.
The Tokyo-based automaker, which has a car plant in Normal, Ill., denied in a statement that it had ever pursued such a possibility and called "groundless" a report in The Wall Street Journal that said it was seeking a buyer for its U.S. operations.
Mitsubishi Motors has announced several revival plans in recent years. It has been hurt by disclosures that it had systematically hidden auto defects from the authorities that spanned decades at the company.
The scandal emerged in 2000 but resurfaced last year, and Mitsubishi Motors vehicle sales have plunged in Japan.
DaimlerChrysler AG of Germany, which had initially been part of its turnaround effort, decided to end additional financing last year. Mitsubishi Motors has received cash infusions from the Mitsubishi group of companies to fund its comeback.
Mitsubishi Motors is expecting a group net loss for the year ending March 31 of 472 billion yen ($4.5 billion), but is planning to return to profit by the fiscal year ending March 2007.
It has recently announced minor agreements to make vehicles for French automaker PSA Peugeot Citroen and Nissan Motor Co. of Japan.
In Friday's editions, the Journal reported that unidentified people familiar with the matter said Mitsubishi Motors' new president, Osamu Masuko, traveled to Detroit for an auto show in January to begin talks with potential buyers for its U.S. operations.
The report said Masuko was accompanied by Yasushi Ando, head of Tokyo-based investment fund Phoenix Capital Co, which currently holds a 21.2% stake in Mitsubishi Motors.
It said the two Japanese executives met privately with several industry executives, including representatives from U.S. private-equity fund Ripplewood Holdings LLC. A representative for Ripplewood declined to comment to the Journal. The newspaper said it was told Ripplewood didn't show much interest in the U.S. operations which include Mitsubishi's North American sales unit in Southern California an the assembly plant in Illinois.
The Journal said Mitsubishi representatives confirmed the two executives attended the Detroit auto show, but declined to comment on any meetings and said Mitsubishi has "no plans to withdraw from the North American market."
DAMIMRED
Joined: May 2002
Posts: 13,495
Likes: 0
From: Syracuse, NY
ugly design? check.
sub-par dependability? check.
let'em go, i wont miss em. true or not, i dont care. i wouldnt even miss the evo, really.
although if mitsu wants to help themselves out, they should make a softer version of the EVO. little less power etc, something that can compete with the regular WRX. look how many WRX's subaru has sold, obviously people are interested in a high(er) powered AWD compact.
sub-par dependability? check.
let'em go, i wont miss em. true or not, i dont care. i wouldnt even miss the evo, really.
although if mitsu wants to help themselves out, they should make a softer version of the EVO. little less power etc, something that can compete with the regular WRX. look how many WRX's subaru has sold, obviously people are interested in a high(er) powered AWD compact.
NAM #0001
Joined: Jun 2002
Posts: 4,050
Likes: 0
From: Cornelius, NC
Originally Posted by spankaveli
too bad your father wouldn't pull out.
-edit
I don't think Mitsubishi will completely die, they're just leaving the auto industry. They have their feet in a lot of over things other than cars.
