Carmakers need alliances, but as PSA/Peugeot Citroen SA and Mitsubishi Motors Corp.'s failure to agree a financial tie-up demonstrates, anything beyond a simple partnership is hard to pull off.
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PSA Peugeot Citroen and Mitsubishi Motors Corporation (MMC) have abandoned plans for an equity stake swap as part of a closer strategic tie-up.
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Mitsubishi Motors Corp. and PSA/Peugeot-Citroen said they have decided against forming a capital alliance but would continue talking toward expanded business ties.
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Investment bank BTG Pactual has agreed to buy a minority stake in Mitsubishi Motors do Brasil, betting on a boom in Brazil's automobile market.
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The sun seems to be setting on the competent, but shy Galant. It's Mitsubishi's Camry/Honda challenger, though it's hardly been a threat. It debuted in its current-generation format in 2004, and for 2010, it is only available in one model -- the 2.4-litre I4 equipped ES -- which was last year's base model.
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The EVO (or Evolution) is Mitsubishi's legendary track-ready sports sedan based on Lancer. Its formidable handling prowess is made possible by lots and lots of sensors feeding lots and lots of computers.
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Mitsubishi Fuso Truck & Bus Corporation (MFTBC) will deliver its first order of 25 hybrid Canter Eco light trucks to Australia by the end of March.
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Mitsubishi Motors is believed to be targeting Thailand and China to build low-cost fuel-efficient models, which could retail for around Y800,000 ($8,860), considerably below the current market price.
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PSA Peugeot-Citroen is expected to start testing vehicle assembly at its new Russian joint venture plant in Kaluga next month according to Ruslan Zalivatsky, the region's economic development minister.
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In Canada, Mitsubishi is particularly famous for its rally-derived, high-performance Lancer Evolution. In Europe, however, a number of sport utility vehicles have won a number of rally/raid-type events, elevating Mitsubishi as a major player in this highly-competitive market segment.
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Not just a stronger and sticker version of the basic Lancer, the Mitsubishi Lancer Ralliart is truly a baby EVO. In fact, the Ralliart trumps the globally renowned Lancer Evolution in several ways - notably usability and price.
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Mitsubishi Motors posted a nine-month operating loss of JPY19.8bn, 39.7bn yen down from the operating profit in the same period last fiscal year as cost reduction efforts failed to offset falling sales and the strong yen.
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Do you want a sporty five-door hatchback? Not keen on mutant Kleenex-box styling or an over-medicated smile that looks like it belongs in a padded cell?
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Talks between PSA Peugeot Citroen and Mitsubishi Motors on a possible joint venture could fail because the two cannot agree on the value of their groups, the French newspaper Les Echos reported.
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Mahindra & Mahindra shares lost as much as 3.4% in Indian trading on Monday afternoon after the tractor and utility vehicle specialist, which also assembles and distributes Mitsubishi models, reported unexpectedly lower third fiscal quarter net profit.
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Toyota's global vehicle output last year dipped 22.4% to 6,371,291 units. All other Japanese automakers posted falls ranging from 9% (Suzuki; 2,387,533) to Mitsubishi's 39.5% plunge to 794,681 units.
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Mitsubishi Fuso Truck and Bus plans to expand to India and produce trucks there from 2012, becoming the first major Japanese commercial vehicle maker to launch local production in the fast growing emerging market.
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Saint-Alexis-des-Monts, Quebec -- The Mitsubishi Outlander made its Canadian debut in 2003. Four years later, a sleeker second-generation model hit the market. For 2010, the popular crossover receives the brand's signature front fascia and makes a direct connection to the almighty Lancer EVO. Now that's a lot of changes in a short amount of time!
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