#Delayed

The long-anticipated Mitsubishi Outlander plug-in hybrid, expected later this year, has once again been postponed for the U.S. and Canada.

This is at least the fifth time it’s been delayed in North America since its 2013 Japan-market launch. Mitsubishi’s U.S. market public relations manager, Alex Fedorak, confirmed the latest delay.

“Following a thorough evaluation process, we have determined that, in order to meet a level of competitiveness that will exceed customer expectations in the United States, the launch of the Outlander PHEV will be delayed until the summer of 2017,” said Fedorak.

When Sergio Marchionne picked the day for Ferrari’s IPO, it looks like he may have ignored the lawyers.

An offering of 10 percent of Ferrari on the open market, originally scheduled for this month, has been pushed back to October.