Mitsubishi Expects Sales to Rise, Lose Less Money in America
Mitsubishi expects sales will grow 23 percent in the current fiscal year, as a weaker yen and rising profits help the ailing automaker. According to a report in Automotive News, Mitsubishi expects to sell 70,000 vehicles in the U.S. this fiscal year--ending March 31 2014--up from 57,000 last year, and ahead of the 64,000 it had projected.The growth is expected to greatly improve Mitsubishi's balance sheets, and take it from a loss of $203 million last year, to a less tragic loss of $40 million this year. Sales of the U.S-built Outlander Sport have buoyed the automaker, and the automaker expects the compact Mitsubishi Mirage to help. We've recently seen the 2014 Mitsubishi Mirage, and are hoping the automaker has a few more tricks up its sleeve. Apparently, it just might. Mitsubishi recently showed us three new crossover concepts it plans to debut at the 43rd Tokyo Motor Show later this month. The crossovers use hybrid systems, and Mitsubishi's new advanced suite of safety and technology features it calls "@earth." The catch all phrase is a little similar to Mazda's Skyactiv philosophy, and Subaru's Eyesight system. It's possible the new crossover and SUV concepts could preview the next Outlander or Outlander Sport, as well. Source: Automotive News
Toyota has just revealed a slew of new concept cars slated for this month's Tokyo Motor Show, including a...