Mitsubishi: Sales, Marketing, and Financial News

Old 01-04-2011, 12:14 PM
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Originally Posted by jim165
You do realize you're driving a rebadged Dodge Dakota, right? Just sayin'...
yes I did. but did you know that because it has the mitsubishi badge on it it also has a longer warranty
Old 01-04-2011, 04:16 PM
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Originally Posted by nj2pa2nc
yes I did. but did you know that because it has the mitsubishi badge on it it also has a longer warranty
yeah, kinda like Suzuki selling rebadged Chevy Trailblazers (XL-7) but offering a better warranty...obviously a better buy if resale isn't an issue...

I was always curious 'bout that...are the Mitsubishi techs at that dealership trained to work on those rebadged vehicles, or do they just drive it over to the Dodge dealership to fix it when you're not looking?
Old 01-07-2011, 11:40 AM
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Originally Posted by jim165
yeah, kinda like Suzuki selling rebadged Chevy Trailblazers (XL-7) but offering a better warranty...obviously a better buy if resale isn't an issue...

I was always curious 'bout that...are the Mitsubishi techs at that dealership trained to work on those rebadged vehicles, or do they just drive it over to the Dodge dealership to fix it when you're not looking?
funny-when the dodge dealer near me had their license taken away (part of the downsizing) They had been in business 40+ years. They were making a profit and had no idea why. They then became a mitsubishi dealer.

Last edited by nj2pa2nc; 01-07-2011 at 11:42 AM.
Old 01-09-2011, 08:07 PM
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They should bring the starion back, 4b11 with rwd = sex
Old 11-07-2012, 06:07 AM
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Suzuki Motor Corp.'s withdrawal from the U.S. auto market leaves struggling Mitsubishi Motor Corp. as the Japanese automaker with the fewest U.S. sales.

But Mitsubishi President Osamu Masuko today reiterated his commitment to the U.S. market, denying any plan to follow Suzuki's retreat.

"We have no intention whatsoever of withdrawing from the U.S. market," Masuko told Automotive News in an interview today. "The U.S. market is a very important market."

Through October, Mitsubishi's U.S. sales plunged 29 percent to 50,103 units, and its market share shriveled to 0.4 percent from 0.7 percent in the same period of 2011. Its dealers lead the industry in terms of backlogged inventory.

And in a U.S. market that advanced 14 percent in the first 10 months of the year, Mitsubishi posted the biggest percentage sales decline among automakers.

The automaker's U.S. sales peaked at 345,111 units in 2002.

Suzuki, which saw sales fall 5 percent to 21,188 units through October, is the only Japanese automaker with fewer sales than Mitsubishi. Suzuki said Monday that it is giving up on the U.S. auto market after nearly three decades.

The decline in Mitsubishi's sales has fueled sporadic speculation in recent years that it might withdraw from the U.S. market and refocus on fast-growing emerging markets, where it enjoys brisk sales.

But Masuko said the drop in U.S. sales this year is largely due to the discontinuation of four main models: the Eclipse, Eclipse Spyder, Galant sedan and Endeavor crossover.

And Masuko expects U.S. sales to rebound next year. U.S. sales should reach 55,000 units in the current fiscal year ending March 31, 2013. But they should climb to around 80,000 units in the following fiscal year, Masuko said.

They will be helped by the launch of new vehicles, such as the Outlander crossover, which arrives stateside next July, he said.

Mitsubishi also plans to ramp up production at its only North American assembly plant in Normal, Ill. The plant makes the Outlander Sport small crossover at a pace of around 50,000 units a year.

Masuko said Mitsubishi intends to boost output at the Illinois plant to 70,000 units next year, with production underpinned to support increased exports to such markets as Russia, Latin America and the Middle East.

In another move aimed at bolstering its U.S. prospects, Mitsubishi last week named Gayu Uesugi, executive vice president and board member of Mitsubishi Motors, as chairman of Mitsubishi Motors North America.

Uesugi, 60, is charged with crafting a profitable product plan, growth strategy and manufacturing blueprint for the U.S. market, Masuko said at the time of the appointment.

Uesugi most recently led product strategy and development, cost control and procurement as the head officer of Mitsubishi's product projects and strategy group.

The company says he has played a major role in developing Mitsubishi's current product strategy, which has produced profitable growth in emerging markets such as Russia, China and Thailand.
Old 05-21-2019, 08:36 AM
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https://www.motor1.com/news/350521/m...ot-leaving-us/

Takao Kato will likely be Mitsubishi Motors' next CEO, pending the approval at an upcoming shareholders' meeting. Under his watch, the company won't abandon its the North American market, according to Kato's recent statements.

"Sales are being continued. North America is one of the biggest markets. Therefore, exiting from the sales market would probably not be an option," he said during a press conference, according to Automotive News.

While Mitsubishi won't stop selling cars in America, he'll likely rework the brand's product line to fit the automaker's "small but beautiful" strategy that will aim for tiny, yet steady profit growth.

"If you are a big-scale OEM, of course you will be able to secure a profit. But will that be appropriate for us too, at MMC?" Kato said, according to Automotive News. "This is something we believe we should deliberate on going forward."

After taking the helm, Kato will release a mid-term business plan for Mitsubishi Motors sometime before the fiscal year ends in April 2020. It'll provide a better idea of what to expect from the company with him as the boss.

Part of Mitsubishi's future in the United States reportedly includes bringing a pickup back to its American lineup. Rumors suggest that as part of the Nissan-Renault-Mitsubishi Alliance, the three automakers might create a shared platform for the future trucks.

Kato's most recent position within Mitsubishi was running the automaker's business in Indonesia. He has a past working in the United States, too, by helping to establish the automaker's Diamond Star Motors factory with Chrysler in Normal, Illinois, in the 1980s.
Old 05-21-2019, 12:32 PM
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What a mismanaged shitshow.
Old 05-22-2019, 06:37 PM
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They moment they named the CUV Eclipse, that brand is officially dead in the US.
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Old 05-30-2019, 05:20 AM
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What a tremendous fall from grace. I remember when they had one of the most exciting lineups of any make back in the early to mid 90s.
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Old 05-30-2019, 10:14 AM
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Imagine if they were able to follow through on their hostile take over of Honda?
Old 05-31-2019, 01:40 PM
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Honda would be dead too by now.... or at least Acura.... not that is a bad thing ..
Old 06-05-2019, 12:47 PM
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Originally Posted by F23A4
What a tremendous fall from grace. I remember when they had one of the most exciting lineups of any make back in the early to mid 90s.
Hell as far back as the Starion Turbo. I saw the Dodge Conquest Turbo in a dealership in 1987 and fell in love. I was never able to own one sadly.
Old 06-05-2019, 01:45 PM
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Eclipse GS-T, 3000GT and Evo.... such iconic cars .... WTF happened...

i even thought the Galant looked pretty good when i was in HS ....
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Old 06-05-2019, 03:37 PM
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Gran Turismo 1.

3000GT.

Stage 4 turbo kit.

Every other car turns into a speck of dust before even the first corner.
Old 06-06-2019, 06:19 AM
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Originally Posted by oonowindoo
Eclipse GS-T, 3000GT and Evo.... such iconic cars .... WTF happened...

i even thought the Galant looked pretty good when i was in HS ....
I came oh so close to buying a new 91 Galant VR4 back in the day.
Old 06-06-2019, 01:23 PM
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my dream car... yes it was a dream car in HS.... was Eclipse GS-T.... no BMW, No Mercedes... if you had an Eclipse Turbo,,,, you were the coolest kid in the whole school
Old 11-12-2021, 06:23 AM
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The highly unexpected second renaissance of the polarizing Mitsubishi Mirage is one of the few heartwarming stories of an otherwise very mixed bag in the year of the great microchip shortage. If the used car market drying up all its available reliable vehicle reserves helped anyone even slightly, it was Mitsubishi Motors and their underappreciated only remaining non SUV passenger car.
7 photos

Meanwhile, the Chevy Spark, the only cheap new car to be less well-received than the Mirage, saw a unit delivery sales decrease by 55 percent last month compared to the year before, losing its spot as the number one new Subcompact in America and formally seeing its thrown taken over by the struggling Mitsubishi Motors, a much-needed win for a company once thought to be on the verge of death.

What's even more notable about the Mirage vs. the Spark is the kind of ambitions the two models had when they were first launched. The Spark was supposed to be General Motor's modern-day answer to the Volkswagen Bug and the Ford Model T., i.e., affordable, high-tech transportation (for their respective periods) for the masses. But software bugs and recalls galore have seen its cutesy but reliable reputation permanently tarnished.

Meanwhile, the Mirage did no better to prove it was built to world-class quality standards. The difference is Mitsubishi never claimed the Mirage was any of those things. Sticking to marketing its class-leading non-hybrid fuel economy and world-class warranty as the Mirage's main selling points.

In the desperate chip-shortage-driven used-car shortage, these are qualities that made the Mirage a more sensible choice than a used car at the same price point, and even some that are cheaper. The prospects of not having to worry about a used car with a broken transmission become a dealbreaker when the only used cars left are mid-2000s American and Pacific rim trash that's bound to fall apart soon after you buy.

Everything online car critics have said about the Mirage, including Doug DeMuro's infamous thrashing of one a few years ago, is still as true as ever. But in a slowly emerging post-health crisis economy, it might be papa Doug that finds himself on the wrong side of history, assuming this unlikely comeback can sustain itself. At least for Q3 of 2021, it's Mitsubishi thats chalks up a badly needed win.
Mitsubishi Mirage Continues Quiet Renaissance, Passes Chevy Spark for #1 in U.S Sales - autoevolution
Old 09-01-2022, 03:13 PM
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https://www.topgear.com/car-news/usa...-ralliart-back


Mitsubishi’s been a bit quiet for a while now. No Evo. No fresh run of Dakar success, either. No more new cars for sale, at least in the UK. Really, it’s the kind of quiet that, if it were a family member, you’d panic-check if they were still breathing.

If there’s one way to show a bit of life, then, it’s to make some noise. And the noisiest (and best) Mitsubishis have always been from Ralliart. Which, as the headline rather succinctly puts it, is coming back. Ish.

We’ll explain. If you look at the picture of the Outlander PHEV (among these gratuitous shots of Ralliart goodness), you’ll notice... er, not a great deal, to be honest. However, underneath this not-a-great-deal-to-notice lurks a familiar friend: Mitsubishi’s Super All-Wheel-Control AWD system. Remember all the initialisms? ACD for Active Centre Differential, AYC for Active Yaw Control, OMFG for what you’d say after somehow making it through a corner that physics and common sense would suggest you never could. For the Outlander (OK, it’s not just us that thinks of Children of the Corn every time you read it, right?), it uses a twin-motor hybrid setup, which will be getting more power for the 2023 model. And, perhaps not coincidentally, a Ralliart edition.

But before anyone gets too excited, we should point out the Outlander Ralliart will get “unique body effects, graphics and other rally-inspired touches”, as well as “White Diamond paint with a contrasting black roof".

You might imagine, then, that an Outlander with a trim package has a much to do with an oversteering Evo as it does with an ostrich in rural Ontario. But it’s worth remembering that a) we’re talking about a twin-motor four-wheel-drive system, which feels as far up Ralliart’s street as you can get before it becomes Lancia Boulevarde, and b) that’s where Ralliart’s return is starting.

The Ralliart spec will sit at the top of Mitsubishi’s entire range in America. And that’s actually still pretty big, given Mitsu still does surprisingly well over there. So you’ll see Ralliart versions of the Eclipse Cross, Outlander Sport, regular petrol Outlander and the Mirage.

Nissan might have picked Mitsubishi up for a song a few years back – even if the band’s flight cases took a detour via Istanbul – but no one at Nissan would have given the go-ahead if there wasn’t the chance to make a profit there. And with Mitsubishi being particularly quiet for a good while now, surely the best way back is a technical tour de force. Is Mitsubishi testing the waters with the Ralliart name to gauge the response? Unlikely, but that’s not to say everything’s set in stone.

So come on, Americans, make this happen. Help bring back tech-fests and rally success. We’ll owe you one.
Old 08-16-2023, 05:22 AM
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For people on a strict budget who just want a new car to travel from point A to point B, the Mitsubishi Mirage has been the go-to model. However, its days are apparently numbered as Automotive News cites insiders claiming the cheap, no-frills small hatchback and sedan will both be discontinued. The five-door Mirage and four-door Mirage G4 will allegedly be dropped from the US lineup by the middle of the decade.

If true, the Mirage will be one of the many cars to get the axe in recent years while people continue to flock to crossovers and SUVs. Research conducted by Cox Automotive has revealed Mitsubishi's aging car is the only model that transacted for less than $20,000 last month. The hatch retails from $16,245 while the sedan begins at $17,245, before destination and handling fees.

Contacted by Automotive News, Mitsubishi Motors North America spokesperson Jeremy Barnes said the Mirage is not going anywhere for the time being: "It's a vehicle that we still see as having a role in our portfolio at this time. It fulfills the role of an entry-level vehicle." But sales numbers are showing the entry-level car is on a downward trend as deliveries to customers in the first half of 2023 plummeted by 44 percent. For the full 2022, demand declined by 31 percent compared to the previous year.

While a direct replacement is not planned, the report states the Outlander Sport will apparently be superseded by the recently unveiled Xforce. The small crossover will serve as the entry point into the company’s lineup in the US following the Mirage's demise, although an official announcement has yet to be made.

Rumor has it Mitsubishi also intends to launch a fully electric coupe-styled crossover in 2026 molded after the Leaf replacement launching a year before. A zero-emission pickup truck for the US market is also in the works, according to the same report.
Mitsubishi Mirage To Be Discontinued In The US By 2025: Report (motor1.com)
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