Not good news on mitsu future
Feb 1, 2009, 10:09 AM
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Not good news on mitsu future
I just got my recent edition of MOTOR TREND. Dark days for cars are nearing.
Motortrend has this update about MITSU.
"Mitsubishi, struggling to retain six digit annual sales here, is essentially a tax writeoff for Mitsu UFJ, one of Japan's largest banks. If and when the tax writeoff becomes marginal, Mitsu will pull out of the US market-perhaps out of the car business"
The news is not better for Subie. Having lost its connection with GM, Toyota will now help keep it viable, which means, potentially, future Subie models powered with something other than horizontally opposed engines. The joint venture with Toyota on the sport coupe is on hold, however.
Motortrend has this update about MITSU.
"Mitsubishi, struggling to retain six digit annual sales here, is essentially a tax writeoff for Mitsu UFJ, one of Japan's largest banks. If and when the tax writeoff becomes marginal, Mitsu will pull out of the US market-perhaps out of the car business"
The news is not better for Subie. Having lost its connection with GM, Toyota will now help keep it viable, which means, potentially, future Subie models powered with something other than horizontally opposed engines. The joint venture with Toyota on the sport coupe is on hold, however.
Feb 1, 2009, 10:24 AM
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I am not surprised. Everyone is struggling, both the foreign and domestic car companies. Additionally, I have a coworker and her brother works for Mitsubishi and can get discounts for family. So I asked her why she drives an Acura and she said "who the heck wants a Mitsubishi." My point being that Mitsubishi is not in the general public's eye (in the U.S.A.) a desirable automobile to own. Add to that the lousy service and you have recipe for failure. It is a real shame as I feel my Evo is one of the better quality cars I have owned. In contrast, my Uncle in Europe was very impressed that I owned an Evo...
Feb 1, 2009, 10:29 AM
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I'm sure Mitsu will still be big overseas.
Our local MItsu dealership has closed recently which sucks since i buy alot of OEM stuff from there. Word is they got bought out and are re-opening under a different Mitsu dealership owner. We will see.
Aaron
Our local MItsu dealership has closed recently which sucks since i buy alot of OEM stuff from there. Word is they got bought out and are re-opening under a different Mitsu dealership owner. We will see.
Aaron
Feb 1, 2009, 11:45 AM
#5
Well, hopefully they're keep around long enough. Economies have recessions and depressions; it's just the nature of the beast. As populations increase and more issues with natural resources, environment, etc arise, the effects will be more dramatic; however, after a while things will always return to where it was and beyond. That's how that stuff works.
I hope mitsu can stick to it though.
I hope mitsu can stick to it though.
Feb 1, 2009, 12:08 PM
#6
Yeah, hopefully they can stay afloat through the storm, because the economy will look better in late 2009, according to many economic experts at least. Of course with those guys, it's like weather predictions; most of the time they are pretty close, but occasionally they are so far off it's not even funny. Time will tell, I suppose.
Feb 1, 2009, 12:42 PM
#7
I just got my recent edition of MOTOR TREND. Dark days for cars are nearing.
Motortrend has this update about MITSU.
"Mitsubishi, struggling to retain six digit annual sales here, is essentially a tax writeoff for Mitsu UFJ, one of Japan's largest banks. If and when the tax writeoff becomes marginal, Mitsu will pull out of the US market-perhaps out of the car business"
The news is not better for Subie. Having lost its connection with GM, Toyota will now help keep it viable, which means, potentially, future Subie models powered with something other than horizontally opposed engines. The joint venture with Toyota on the sport coupe is on hold, however.
Motortrend has this update about MITSU.
"Mitsubishi, struggling to retain six digit annual sales here, is essentially a tax writeoff for Mitsu UFJ, one of Japan's largest banks. If and when the tax writeoff becomes marginal, Mitsu will pull out of the US market-perhaps out of the car business"
The news is not better for Subie. Having lost its connection with GM, Toyota will now help keep it viable, which means, potentially, future Subie models powered with something other than horizontally opposed engines. The joint venture with Toyota on the sport coupe is on hold, however.
. I hope they don't leave but I wouldn't be that shocked, they're still a relatively new company and the current economic issues certainly aren't helping. I'm a bit shocked at what you say about Subaru considering their sales have gone up. From what I understand, Subaru is actually building some Camrys in its plants.
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ether way I don't want them to leave...
Feb 1, 2009, 04:23 PM
#12
so there wouldn't be any new Evo models here.. or at all. Take care of your cars then all... at least there will be plenty of places online who will still sell the parts we need and the value will SKYROCKET on our cars !!
Last edited by Methodical4u; Feb 1, 2009 at 04:29 PM.
