Mitsubishi, which dates all the way back to 1870, is one of the oldest business collectives in Japan. Today, the various businesses that share the Mitsubishi name are largely independent of each other. The automotive unit, however, has fallen on hard times over the past few years.

Back in 2004 and 2005, Mitsubishi Motors sold billions of preferred shares to sister companies like Mitsubishi UFJ Financial Group, Mitsubishi Heavy Industries and Mitsubishi Corp. Now the automaker is preparing to buy back those shares, only to raise the capital, it's selling $2.5 billion worth of shares, simultaneously paying stock dividends for the first time in over 16 years.

The stock issue will reportedly include as many as 241 million shares at a value of $10.73 each. The move is part of a long-term reorganization being implemented by the automaker's president Osamu Masuko, and is expected to help the company double its net income and eliminate all outstanding preferred shares by the end of the fiscal year closing in March.


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  • 18 Comments
      drbyers
      • 11 Months Ago
      Make crap products and kill off the good ones and this is what you get...
        Scooter
        • 11 Months Ago
        @drbyers
        To date, nothing is good or reliable. All my friends Mitsubishi's are falling apart inside and out. EVO is insanely priced in proportion to its fanbase. Nothing is worse than car that looks like a $18,000 car that costs $40,000.
          johny c
          • 11 Months Ago
          @Scooter
          you better ride that scooter.
          Jazzor
          • 11 Months Ago
          @Scooter
          Blah Blah Blah, same dumb sh*t I hear from "Scooter" every time I read his posts... full of sht, I actually have plenty of Mitsu friends (own an Evo myself, pretty cheap to afford actually, or maybe its cause of my income bracket) and not one is having or has had a single issue with their "unreliable" Mitsu cars... stfu already and go hate/troll elsewhere :P
          scooters2
          • 11 Months Ago
          @Scooter
          Lol. I love you guys.
          Scooter
          • 11 Months Ago
          @Scooter
          I'm sorry guys, I was wrong. EVO is the best selling sports sedan. Mitsubishi is known for its superb quality and vehicles that last a lifetime. Mitsubishi is the top selling brand in the U.S. and everything they make is gold. Dealerships are NOT ghost towns with rows of two models, (Lancer and Outlander). Mirage is gorgeous and everyone should own one. /sarcasm.
      Scooter
      • 11 Months Ago
      Here's an idea, dump the economy box crap your doing, make an aggressive Lancer and a performance oriented family sedan. Get your cred back!
        hokkaido76
        • 11 Months Ago
        @Scooter
        The amount of armchair quarterbacking in this site is simply ridiculous. If the boy racers on this site got to implement their "brilliant recommendations" at various car companies, the auto industry as a whole would be on life support within a matter of years (if that). lol
          Scooter
          • 11 Months Ago
          @hokkaido76
          I'm not a boy racer crying for a replacement to my dirty old, half wrecked, lawnmower exhaust 90's Prelude. Mitsubishi is actually putting out unattractive cars as of late. Lancer is an incredibly important car for the company. If you had to name one car the brand is best known for it would be Lancer. Why Mitsubishi thinks economy box cars are the way to go in this era of stylish affordable domestics, is beyond me.
      johny c
      • 11 Months Ago
      Mitsubishi makes better car than those Kia or Hyundai , wish they bring back full size Montero back to U.S.
      Hedo D
      • 11 Months Ago
      The last real sports car from Mitsubishi? It was Starion.
      Jimmy
      • 11 Months Ago
      Good luck with that...
      manure
      • 11 Months Ago
      Mitsubishi probably has the engineering skills to achieve everything Mazda did. Mazda proved they are one of the best car companies on earth. But Mitsubishi's management is less good. Their brand + engineers could do great work. But nobody lets them.
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