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AddUPDATE: U.S. bound Mitsubishi Colt will be an all-new global small car

Yesterday, we reported that Mitsubishi is bringing its small, B-segment Colt to our shores. And that's true, mostly. What we've learned between now and then is that Mitsu isn't bringing over the current Colt, but rather the replacement for the current Colt, i.e. the next Colt. In fact, Mitsubishi Motors Corp. President Osamu Masuko said as much during last month's Tokyo Motor Show. Here's what he told Automotive News:

56BREAKING: Mitsubishi Colt is coming to America

2009 Mitsubishi Colt - Click above for high-res image gallery

1Mitsubishi lauches new green label in Europe: Cleartec

I guess that at this point we've pretty much lost track of how many "green labels" automakers have slapped on their cleanest European vehicles (see Econetic, eco2, et al.). These labels are created to highlight the least-polluting member of a car line, usually based on the most basic engine configuration. When it comes to Japanese automakers, green badging was lagging behind the Europeans, but Mitsubishi is trying to catch up with a new name: Cleartec.

17Paris 2008: Mitsubishi Colt Ralliart and Colt five-door

Click above for a high-res gallery of the Mitsubishi Colt Ralliart

3Mitsubishi plans sub-$8,500 car for Asia

While Mitsubishi just claimed its first profitable quarter in four years, its president, Osamu Masuko, says the company will now go after the potentially huge profit in untapped Asian markets with a super-affordable vehicle. If it happens, Mitsubishi would join a score of other companies with the same goal.

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