1,327 Articles
Official
Mitsubishi Motors posts surprise loss as car sales slide

Hit hard by China, expects to end the year with profit down 73%

Mitsubishi Motors Corp on Friday posted a surprise operating loss in the third quarter, its worst quarterly performance in more than three years, hurt by falling sales in China, Japan and Southeast Asia, as well as a stronger yen. It was the firm's biggest loss since the July-September 2016 quarter, when a mileage cheating scandal sapped profits. The automaker's net loss for the quarter just ended came in at 14.4 billion yen.

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Next-gen Mitsubishi Outlander PHEV gets more power all over

Bigger engine, bigger battery, more powerful electric motor

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Carlos Ghosn's lawyers in Japan quit after client's flight to Lebanon

Junichiro Hironaka had been representing Ghosn in his defense against financial misconduct charges

One of the Japanese lawyers for former Nissan Chairman Carlos Ghosn has stepped down from that job after his client fled the country. Junichiro Hironaka had been representing Ghosn in his defense against financial misconduct charges. Hironaka said in a statement that the entire team working on the case at his office will quit but did not outline reasons.

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Renault chairman dismisses reports Nissan wants to split from alliance

'There is ... a real desire to make this alliance a success'

Renault Chairman Jean-Dominique Senard said on Thursday there was a "real desire" within the top ranks of both companies for its alliance with Nissan to succeed, dismissing suggestions the partnership was on the rocks. Turmoil within the Franco-Japanese alliance, long dogged by internal rivalries, deepened following the November 2018 arrest in Tokyo of its architect and long-time boss Carlos Ghosn on charges of financial crimes, which he denies. Attempts to restore calm were dealt a

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Renault shares hit six-year low on rumors of Nissan split

Nissan has reportedly accelerated secret contingency planning for a potential split

Renault shares hit six-year lows on Monday after a media report that Nissan has accelerated secret contingency planning for a potential split from the French carmaker, the latest sign that the downfall of former boss Carlos Ghosn is roiling the 20-year alliance. At 1027 GMT, the shares were down 3.7%, languishing at the bottom of Paris' CAC 40 and the pan European STOXX 600 index . The plans include war-gaming a total split in engineering and manufacturing, as well as

Japan minister launches counterattack after Ghosn blasts justice system

'My impression ... was that there were few statements that were backed by any real evidence'

Japan's justice minister launched a rare and forceful public takedown of auto executive-turned-fugitive Carlos Ghosn after he blasted the country's legal system as allowing him "zero chance" of a fair trial as he sought to justify his escape to Beirut. In an effort to undo Ghosn's attempt to sway public opinion in his favor, Justice Minister Masako Mori followed shortly with a statement, translated into English and French, and held a news conference after midnight and again around 9:30 a.m. on

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Lebanon imposes travel ban on ex-Nissan boss Carlos Ghosn

Ghosn's Lebanese lawyer said he is 'very comfortable' with the proceedings in Beirut

A Lebanese prosecutor imposed a travel ban on former Nissan boss Carlos Ghosn on Thursday, judicial sources said, after he was questioned over an Interpol warrant issued by Japan seeking his arrest on financial misconduct charges. Ghosn fled Japan to Lebanon, his childhood home, last month as he was awaiting trial on charges of under-reporting earnings, breach of trust and misappropriation of company funds, all of which he denies. The Lebanese judicial authorities also asked Japan for its file

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Japan calls Ghosn's escape inexcusable and vows tighter immigration checks

'The flight of a suspect while out on bail is never justified'

Japan's justice minister on Sunday called the flight of former Nissan Chairman Carlos Ghosn as he awaited trial on financial misconduct charges inexcusable and vowed to beef up immigration checks. Justice Minister Masako Mori said she had ordered an investigation after Ghosn issued a statement a few days ago saying he was in Lebanon.

Followup
Ghosn flight prompts renewed focus on Japan's strict justice system

'I would expect it to be more difficult for foreign defendants to get bail'

Carlos Ghosn's daring flight from Japan, where he was awaiting trial on charges of financial wrongdoing, has revived global criticism of the nation's "hostage justice," but in Japan is prompting talk of reversing more lenient curbs on defendants. Japanese civil rights groups and the main bar lawyers association have long criticized a system that convicts 99.9% of criminal defendants.

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Lebanon gets Interpol fugitive notice for Carlos Ghosn as escape details emerge

His escape from Japan 'was a very professional operation from start to finish'

Lebanon's justice minister said Thursday that Lebanon has received an international wanted notice from Interpol for Nissan’s ex-chair Carlos Ghosn, four days after he fled Japan to Lebanon before a trial on financial misconduct charges. Interpol’s so-called Red Notices are requests to law enforcement agencies worldwide that they locate and provisionally arrest a wanted fugitive.

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Mitsubishi Europe boss says two new PHEV crossovers due next year

One will be the next-gen Outlander PHEV, the second is a mystery

Official
Mitsubishi shows five concepts headed to the 2020 Tokyo Auto Salon

From anime to the All Blacks, a wide range of inspirations

Featured
Junkyard Gem: 2005 Mitsubishi Lancer Ralliart Sedan

Not quite an Evo, but the 2005 Ralliart had more power and a better suspension than the regular commute-grade Lancer.

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Mitsubishi and NTT to buy 30% stake in HERE digital mapping company

The deal dilutes the stakes of Audi, BMW and Daimler from 25% to just under 18%

Recalls
NHTSA expands new Takata probe to 4 more automakers

Audi, Toyota, Honda and Mitsubishi join BMW as NHTSA investigates 1.4 million new air bag inflators

The U.S. government's highway safety agency has launched an investigation into four automakers that have a potentially deadly type of Takata air bag inflator in their vehicles but have yet to recall them. The National Highway Traffic Safety Administration said in documents posted Thursday that it is investigating Audi, Toyota, Honda and Mitsubishi in connection with a Takata recall involving 1.4 million inflators. The inflators made by the now-bankrupt Takata have a distinct and separate probl

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Nissan CEO Makoto Uchida rules out closer capital ties with Renault

Renault holds a 43.4% stake in Nissan after it saved the Japanese company from financial ruin 20 years ago

Nissan Motor Co is committed to its automaking alliance with Renault SA but will not look to deepen its capital ties with the French automaker any time soon, its new CEO said on Monday. On his first day in the new position, chief executive Makoto Uchida also pledged to repair profitability at Japan's No. 2 automaker and said setting realistic targets would be key toward that goal, as it tries to make a clean break from the leadership of former chairman Carlos Ghosn. "Closer

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