June 15, 2011 |
The relative rarity of Mitsubishi cars these days confirms the company's status as an underdog automaker. Mitsubishi ranks sixth out of the seven Japanese manufacturers in U.S. sales, just ahead of Suzuki. But through the first five months of 2011, sales have increased an astounding 61% versus the same period last year, making it the fastest-growing mass-market automaker in the U.S. Much of the growth is due to its newest model, the 2011 Outlander Sport. The Outlander family now accounts for almost one-third of the company's sales.
January 9, 1987
The car, called a Precis, is being made in South Korea by Hyundai Motor Co. for Mitsubishi, which has a 15% interest in Hyundai. The Precis, virtually identical to Hyundai's Excel, is expected to arrive in dealer showrooms in early March. Mitsubishi has agreed not to undercut the Excel's price, which carries a base price of $4,995.
March 28, 2000 |
DaimlerChrysler's announcement Monday that it will buy a 34% stake in Mitsubishi Motors Corp. gives the German-American company a fighting chance to meet its goal of controlling 25% of the fast-growing Asian market as well as demands in Europe and the U.S. for cars that are more fuel-efficient and less polluting. For the auto giant that was created in 1998 by fusing Daimler and Chrysler Corp.
May 11, 2001 |
Industrial giant Mitsubishi Corp. of Tokyo agreed to pay a $134-million fine after its conviction for aiding an illegal international cartel--the fourth-largest fine secured in a federal antitrust case. The payment, approved Thursday by U.S. District Judge Marvin Katz in Philadelphia, came nearly three months after a jury convicted Mitsubishi of aiding seven companies in fixing prices of graphite electrodes, a material used in iron and steel production. "The prosecution of Mitsubishi and this $134-million fine should send a strong deterrent message to those who participate in or knowingly aid international cartels that increase prices for American businesses and consumers," said John M. Nannes, acting assistant attorney general in charge of the Justice Department's antitrust division.
CALIFORNIA | LOCAL
September 5, 2001 |
California Highway Patrol officials are seeking witnesses to a crash in the southbound lanes of Interstate 5 near Pyramid Lake that killed a Playa del Rey man. John David Appel, 28, was killed at 11 p.m. Monday when the driver of the 1995 Mitsubishi in which he was a passenger lost control after a red minivan traveling 75 to 80 mph drifted into the car's path, causing it to flip several times, officials said. The minivan left before witnesses could get a description or license plate number.
CALIFORNIA | LOCAL
August 6, 2002 |
A 23-year-old Tarzana woman died Monday afternoon from injuries she sustained in a head-on collision Sunday morning on Victoria Avenue south of the Santa Clara River bridge. Lisa Ann Castellucci was the passenger in a northbound Saturn that veered over a median and crashed into a Mitsubishi that was headed south on Victoria about 2:15 a.m. The driver of the Saturn, 22-year-old Travis Murphy of Point Mugu, was arrested on suspicion of drunk driving, according to the California Highway Patrol.