He’s been with the company since the Plymouth Sapporo/Dodge Challenger era, but Mitsubishi president Tetsuro Aikawa’s tenure comes to an abrupt end in June.
Aikawa stepped down today after less than two years at the helm, the victim of his company’s ongoing fuel economy scandal, according to an announcement from the automaker. Ryugo Nakao, the company’s executive vice-president in charge of quality, is also out the door. Read More >
Yesterday’s news that Nissan will buy a 34-percent controlling stake in Mitsubishi for $2.2 billion was the latest win for Carlos Ghosn, the man behind the Renault-Nissan Alliance of 1999 and possessor of many fingers in many pies.
Ghosn, CEO of both Nissan and Renault, inked the agreement with Mitsubishi as the other automaker battles a misleading gas-mileage scandal. At a price of 468.52 yen/share, Ghosn’s purchase of new shares was a smoking deal. Mitsubishi shares traded for 1,100 yen just last December.
What becomes of the two companies now? And how will Ghosn’s world-straddling empire benefit by snapping up beleaguered Mitsubishi? Read More >
Yesterday’s vague Japanese media reports proved right this morning, as Nissan Motor Co. announced it will purchase a 34 percent controlling stake in scandal-plagued Mitsubishi Motors.
Taking advantage of Mitsubishi’s reduced market value following the company’s admission of cheating on Japanese fuel economy tests, Nissan’s 237 billion yen ($2.2 billion) bulk buy of shares makes it the automaker’s largest shareholder.
It’s a Dodge Caliber festooned with a seven slot grille and boxy proportions. It exists for no other reason than to leverage the brand equity built up by decades of Jeep heritage. The Patriot*, according to your nominations, our writers, and your votes is — by far — TTAC’s 2016 Worst Automobile Today.
After all the votes were cast, a staggering 66.1 percent of you believed the Jeep Patriot to be the worst new vehicle money could buy. And, as many of you guessed, it’s not the only Fiat Chrysler Automobiles product in the Top 10.
Chrysler imported and rebadged quite an assortment of Mitsubishis during the gloomy years of the Malaise Era, and we have seen a good sampling of those cars in this series so far. There was the Mitsubishi Colt Galant aka Dodge Colt, the Mitsubishi Galant Lambda aka Plymouth Sapporo/Dodge Challenger, and the Mitsubishi Mirage aka Plymouth Champ, among others.
The Mitsubishi Lancer Celeste aka Plymouth Arrow was never a big seller, but this one managed to outlive nearly all of its brethren, only washing up at this Northern California self-service yard after 36 years. Read More >
After admitting it fudged fuel economy data for the past 25 years in Japan, Mitsubishi Motors wants the Environmental Protection Agency to know that its U.S. vehicles are A-OK.
The automaker claims it conducted an internal audit on vehicles from model year 2013 to present and contrasted that data with figures it had previously submitted to the EPA. The conclusion? The information’s fine. Read More >
Mitsubishi’s fuel economy scandal blew up yesterday after the automaker admitted it has issued misleading mileage data since C+C Music Factory was at the top of the charts.
The scandal that started with inflated mileage numbers on a single minicar one week ago now extends to all Japanese market Mitsubishi vehicles sold over the past quarter century. Reuters is reporting that the automaker compiled fuel economy data using U.S. standards, rather than the Japanese standards that factor in much more city driving. Read More >
A day after its head office was raided by Japanese Transport Ministry officials, the U.S. is going to put Mitsubishi’s mileage claims under scrutiny.
The scandal began when Mitsubishi admitted it overstated fuel economy numbers on its Japanese market eK mini wagons, but Reuters is now claiming the false data extends to U.S. market vehicles. Read More >