Goodbye Mitsubishi cars?
 

I pulled this off another site. But If you've been following auto industry news for the past week or 2, you might have read about Mitsubishi Motors' terrible financial condition. It has been widely assumed that DaimlerChrysler would bail them out and take a majority stake in the company. This was officially supposed to happen on April 30.

I just read news that has made my jaw drop. Heres the article:
DaimlerChrysler to quit Mitsubishi
DaimlerChrysler AG said on Thursday it was pulling out of Mitsubishi Motors, leaving its bid to become a global carmaker in disarray and throwing the future of the ailing Japanese firm into doubt.

The group said that it had decided not to participate in a rescue capital increase planned by Mitsubishi Motors Corp. because it could not agree on an acceptable deal with other shareholders in the loss-making company.

It also said it would not provide any further financial support to Mitsubishi, Japan's only unprofitable carmaker.

"This clearly means separation," a DaimlerChrysler spokesman said.

The decision came after an extraordinary meeting of the DaimlerChrysler supervisory and management boards on Thursday.

"This could be the end for Mitsubishi if nobody else injects fresh capital," said one industry source.

DaimlerChrysler bought the stake in Mitsubishi over three years ago with a view to expanding its presence in Asia. It has since worked to establish closer production ties between the Japanese firm and its other problem child, U.S. automaker Chrysler, to cut costs.

Where did you find this article at?
If you know about japanese business and how it functions youd find this a little hard to believe (I do)

Bye bye mitsu... can't say I'd be too upset, I haven't liked any of their cars since the 2g eclipse...

The article was from autonews.com

oh well, i wasn't too fond of them either till i found out they are one of the heavyweights in the WRC, but now they suck big balls there too.

mitsu was never at the top of anything. there cars sucked and always will. they break down faster then a tiburon and a GEO.

personally im glade to see them go!:yes:

:foot:
well alright...Im surprised and confused

yeah...i think i heard about that a couple of weeks ago...i'm not erally bothered by it but it was a suprise

cant say any of their cars are even worth talking about... so long

you don't think the Evo is worth talking about? :crazy:

Here comes the argument...I would rather an STI!

The Evo is cool...but they're on what...the Evo 7 or 8 and it's just NOW getting here? Maybe if they'd been a bigger player in the market before they'd still have a leg to stand on.

alright...I'll give you that....but THAT'S not a Mitsubishi......;)

the turbo eclipse is still hands down one of the easiest/cheapest imports to make fast, and thats worth talking about.

No more EVO? -_-

Ditto!! I've had more problems with my Eclipse than I'd like to admit. :no:

eclipse is to heavy to make 'fast'

actually i'm not even going to talk abotu this anymore.. it just isnt worth it. when their gone it wont be any different then it is now.

Heres the article from CNN.

http://money.cnn.com/2004/04/23/news...reut/index.htm

you might wanna let all the people doing it in on this.

you got the dodge neon engine, what'd you expect?

I won't miss em, the only car that actually was decent was the Evo, and i say this only because a friend of mine got one and it's just beautiful but thats it. Sick of eclipses ( no offense to anyone who owns and likes theirs) but man..after F&F my view on them shifted quite a bit as everyone and their mom tried to mod theirs around here
"Oh snap I got me a eclipse so I can be like Paul"....:o

I'll agree with that to an extent. The problem isn't the power, it's the potential. I've seen some wicked quick Eclipses...but their transmission gearing seems to be so high that they top out way too early to be what I'd consider "fast". My brother used to own a Talon Tsi that was insane off the line but you'd start to run out of steam around 110mph or so.

was it the gearing or the really small stock turbo?

no...its not the neon engine...its a 4g63 the new neon has the A853.



maybe so. But do oyu do 110 everyday? ;) well nevermind you probably do dont you gt??:yes: j/k

no it IS the neon engine, the GS(non turbo!) came with a neon engine. the turbo model came with the 4g63.

Sure...granted the stock turbo is way too small, but if I remember right (it's been about 6 years or so since he ditched the car) around 120mph or so you were bumping into the redline area.

No, VR4, I don't go cruise around at 110mph. Hehe...but that would be sweet. But I like knowing that if I wanted to I could.

i thought you were talking about the srt-4 sry..




lol

hmmmm..... I do like "some" DSM's. The 2nd gen Eclipse GSX are nice. I like the EVO VIII but I prefer the STi.....