PaulieWalnuts

http://www.quicken.com/investments/n...r&column=P0DFP

KC_Prelude

One day my friend and I went to a Subaru dealer and then a Mitsubishi dealer so that we could compare the appearance of the STI to the EVO in person. The subie dealer had about 8 guys working on the floor and the Sales manager was a really nice guy who had no problem talking about the STi with a couple of kids who obviously had no money. The mitsu dealer only had a sales manager and two other people working the whole dealership and while the manager was willing to talk to us about the EVO and let us sit in it etc, he seemed to just hate his life. I hope that guy isn't hanging from the end of a rope in his basement somewhere...

rxeightr

Had my 15,000 mile oil change done free at the dealer this week. Their new Service Manager just came from the Mitsu dealership, and he was commenting on how positive it was to work with Mazda on warranty issues compared to Mitsu.

He started his career with the Mazda dealer, but thought the grass was greener. Lucky for him, he was invited back after they canned the one they had.

In the 10 months I've owned my RX-8, this is the 3rd Service Manager. At least he's better.

Rotary Nut

Well it's no wonder since Damlier Benz is slowly wresting self control away from Chrysler and forced them to drop Mitsubishi after decades of mutual partnership!

rjacobs

If chrysler drops mitsu then mitsu is going to tank unless they can find like 6 billion in cash or something like that. They are the only jap manufacturer who loses money. Do they really have any cars besides the EVO that are worth anything any more. The last good mitsu's were the Eclipse GSX and the 3000gt VR-4. There current designs suck IMO.

Rotarian_SC

You need a username and pwd for that link Paulie!

Maybe Proton will invest in Mitsu and bring them back, because Mitsu is going to fold if they don't get some money and Proton seems to have done such a great job investing in Lotus and creating the new Elise.

murix

Mitsu currently is receiving a cash bailout primarily from Mitsu Heavy Industries as well as a Japanese bank and some other partners. It is not near what they asked for but still more than nothing. They are slashing a lot of jobs and restructuring. The only problem is they are keeping the upper management which got them in this mess in the first place.

Mitsu use to have a very good lineup in the 90's but reliability problems were pretty bad. My other car is a 97 Eclipse. I have no clue who is running their design studios now but they suck.

lafrad

Daimler-Benz was never under the control of chrysler. Benz Moved in and took Daimler Chrysler over. it was supposedly a "merger of equals", but there are several lawsuits filed by the shareholders of DC against Benz due to the atcual result: A Benz Takeover.

Ah well, they are supporting the HEMI in the american cars, putting the NICE 5/6/7 speed auto trannies in the american cars (where chryslers trannies have sucked for so long) and hopefully beefing up sales a bit with some new car lines....

I am a MOPAR guy at heart, but They dont sell a rotary, or a sports car. (yes, i have "heard" of the Chrysler Mis-fire, but it is just too freakin ugly)

murix

One other note is DC shareholding of the company will be diminished to only 20% and no longer controlling interest with this new bailout.

PaulieWalnuts

Hmmm. It worked fine before (???). Here's a different source with similar content.

"Mitsubishi Motors today reported a loss almost triple its February forecast, in part because of a slump in U.S. sales. Sales for the year ended March 31 fell 35 percent to 2.52 trillion yen, partly because the year-earlier figure included its Fuso truck and bus unit.

The company blamed the loss on a drop in sales, higher incentive costs and larger credit-loss provisions in the U.S., and a reversal of all deferred tax assets in the U.S. and Japan, Mitsubishi Motors said.

For the year ending March 2005, the carmaker is expecting a loss of 230 billion yen, or 155 yen a share. Sales may decline 11 percent to 2.25 trillion yen.

That means Mazda Motor Corp., a third owned by Ford Motor Co., has surpassed Mitsubishi Motors as Japan's fourth-biggest carmaker by sales. Mitsubishi Motor's market value dropped to 356 billion yen, compared to 14 trillion at Toyota Motor Corp., the world's third-largest carmaker. It is the seventh-biggest among Japan's 13 carmakers in market value, according to Bloomberg data. "

http://quote.bloomberg.com/apps/news...7bI&refer=asia