Revista Presei - Mitsubishi News -
1988 Pajero ‘Paris-Dakar’ Special Comes From Mitsubishi’s Glory Days In Rally Raids
https://www.carscoops.com/2018/02/1988- ... lly-raids/
Michigan got blasted with a lot of snow last weekend, which shows how the weather can wreak havoc on roads – even ones that are used to getting blasted by the cold white stuff. Whoever buys this 1988 Mitsubishi Pajero Paris-Dakar Special on Bring a Trailer, though, will never have to worry about weather conditions ever again.
Mitsubishi decided to pull out of the Dakar Rally and all cross-country rallies back in 2009. It was a real shame, as the automaker had 12 wins to its name in what has to be the most grueling race on the planet, and this Pajero harks back to the good old days.
The example on the auction site only has 36,000 miles on it and was recently imported from Japan, so it’s the real deal. There’s not a lot of information available though, but with things like air conditioning and a radio, we think you have everything you need for a Dakar special.
Power for this Pajero comes from a turbocharged 2.5-liter inline-four diesel that is matched to a five-speed manual transmission. Because it is a true 4×4 and not a modern day, tarmac-biased crossover, it’s fitted with a four-wheel-drive transfer case that is operated via a lever, which should make a satisfying clunk when shifted into four-low.
In addition to having the right powertrain to conquer all types of terrain, the SUV also looks the part, as the RalliArt front grille guard, an OEM front skid plate and roof rack, rally-inspired taillights, roof spoiler, built-in tow hook and rugged mudflaps give the Pajero a genuine Dakar feel.
The same theme continues in the cabin that houses adjustable Recaro Seats, a RalliArt steering wheel and factory auxiliary gauges. More interestingly, there’s a commemorative plaque on the passenger’s side of the dashboard that outlines Mitsubishi’s results at the Paris-Dakar rally between 1983 and 1988.
For a 30-year-old SUV, this Pajero looks pristine. Even the undercarriage looks new. At the time of writing, the current bid is $10,750. We don’t expect the SUV to sell at the price, because it would be an absolute steal. We’re huge fans of the Jeep Wrangler JL, but at $30,445, the SUV isn’t exactly cheap. Now, we might be comparing apples to oranges here, but they’re both supposed to excel at off-roading and, while it certainly is old, this special edition will give you the same, if not better, 4×4 skills for a fraction of the Jeep’s price.
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MMPC opens PH largest stamping plant, files for perks
https://business.mb.com.ph/2018/02/15/m ... for-perks/
Mitsubishi Motors Philippines Corp.(MMPC), the first participant in the CARS Program, has filed tax incentives availment with the Board of Investments after having invested a total of P4.27 billion in fixed assets, including the opening of its P2.4-billion stamping plant facility, the biggest in the country, in Sta. Rosa, Laguna.
Trade and Industry Secretary Ramon M. Lopez said in a keynote speech at the inauguration of the stamping plant that the Board of Investments may decide to approve on February 27 the proposal for incentive availment.
Of this total P5.74-billion total capital expenditure, P4.89 billion, or 40 percent, is eligible for CARS’ Fixed Investment Support (FIS).
So far, MMPC has submitted for approval for tax availment under FIS P4.27 billion worth of investments, comprising of its P2.41-billion stamping plant and welding shop, and P1.85 billion worth of locally sourced parts from 7 participating parts makers for the production of Mirage Hatchback/G4, its entry model in the CARS (Comprehensive Automotive Resurgence Strategy).
MMPC Vice President Dante Santos said this means that MMPC and the local parts suppliers will start claiming its tax incentives availment this year as this has been part of the national government budget for 2018. The CARS program grants $200 million in tax perks to each of the intended three participants, based on investment and volume production requirements.
Aside from the stamping plant, which is the largest component of its investment, the other local parts include metals and large plastic parts makers also submitted their proposal for approval by BOI.
With the country’s first-ever two thousand-ton stamping machine, the country’s second largest car company, has just started producing bulky automotive parts such as vehicle body side outer panels, roof panels, floor panels, and door panels, among others.
With the stamping and welding shop plus the other parts such as steering wheel, the suspension, and the radiator by its accredited local parts manufacturers, MMPC’s Mirage/G4 has already attained as much as 37 percent local content.
The target for the CARS is for the participants to attain as much as 50 percent local content, but Santos said this can be attained on the fourth to fifth year of the 6-year program.
Santos said the FIS will cover, as it functions like a subsidy, part of the huge investment because the overall stamping plant and welding facility cost them P2.8 billion.
“On its own it cannot recover the cost,†Santos said adding the facility, which is the biggest in the country, could pave the way for more usage in the future should there be further expansion in the country’s motor vehicle market.
In fact, Lopez said that the remaining MMPC investment of R1.6 billion in its FIS allocation can be used to support as much as R4 billion worth of possible incremental investments in more strategic and common parts.
Lopez said that many of these parts were earlier identified in MMPC’s original CARS business plan for Stage 2 and 3 localization.
He further encouraged MMPC to also participate in the government’s thrust to develop the local commercial vehicle segment as the DTI in tandem with other government agencies such as the Department of Transportation working on the implementation of the Philippine Utility Vehicle Modernization Program.
As such, DTI is aligning the remaining vacant third CARS slot to support the local manufacture of replacement vehicles for PUV modernization program. The second slot in the CARS Program had been taken by Toyota Motor Philippines Corp. (TMP).
The CARS Program Management Office (CARS-PMO), in consultation with OEM (Original Equipment Manufacturers) platform manufacturers and their local partner body builders, is in the final stages of devising the modernization program’s features and mechanics, he said.
The DTI will be seeking sometime in April this year President Duterte’s approval for a separate executive order (EO) for its (PUV third slot) implementation.
“Mitsubishi Philippines, through its truck division, Fuso, can participate in the government’s eco-PUV program that we intend to roll-out soon,†Lopez said.
Likewise, mindful of the synergies between CARS and the eco-PUV program, particularly in the utilization of equipment and tooling already in place under CARS, Mitsubishi PH can use the excess capacity of your press plant to produce parts for the replacement PUVs, he added.
Lopez further raised hopes of more car production in the country. Based on a study he quoted from the Japan International Cooperation Agency, the Philippines annual car production is seen at 1 million annual car production by 2027.
“We believe that the government’s engagement with the PH automotive industry cannot stop with CARS and the eco-PUV programs,†he said.
The JICA study maybe boosted by the government’s CARS program where the two participants are expected to produce 400,000 units or 200,000 each over a six-year period and the 200,000 units of old jeepneys up for replacement. There could also be additional local production as the market demand expands.
In 2017, domestic motor vehicle sales already reached over 475,000 units. Sales could breach the 500,000 unit level by this year already.
MMPC President and CEO Matsuhiro Oshikiri cited in his message the government for initiating the CARS Program, which paved the way for the country’s first-ever 2,000 ton tandem stamping machine.
“This became an avenue for MMPC to invest on its own stamping facility that will help place the country as one of the production hubs in the ASEAN region,†he said.
“The opening of our new stamping shop is the beginning of a new chapter in the story of Mitsubishi Motors’ operations here in the Philippines. This stamping shop enables us to turn the aspiration of localized production into a reality, further building our presence in the Philippines, at the same time strengthening our offering to consumers,†said Oshikiri.
Minoru Kinoshita, general manager of Mitsubishi Motors for Philippines Business Department, said the plant can produce up to 50,000 units a year. The plant in Sta. Rosa has already provided 600 additional jobs.
“As we expand the industrial footprint of Mitsubishi Motors, we have every intention of deepening this partnership and enhancing our competitiveness in this crucial market,†he said as he committed to MMPC producing 200,000 units of Mirage by 2023.
=======
www.autonews.com/article/20180216/COPY0 ... ith-nissan
Ghosn pledges 'irreversible' Renault alliance with Nissan
PARIS -- Carlos Ghosn pledged to cement Renault's partnership with Nissan Motor Co. and Mitsubishi Motors Corp. after agreeing to stay on as chairman and CEO of the French automaker for the next four years.
The companies will come up with a plan in the next few weeks to "make the alliance irreversible," Ghosn told analysts Friday at the company's headquarters near Paris.
But Ghosn made clear that Renault and Nissan are in no rush to merge -- especially on French government terms -- and reiterated his view that a full tie-up was impossible while France retained a significant Renault stake.
"I don't see how the Japanese side is going to accept further steps with the French state as a major shareholder," he told analysts.
Ghosn said any change in the financial structure of the alliance would have to be approved by both the French and Japanese governments. He said Japan would not agree to a tighter structure if France remains a shareholder.
Ghosn's reappointment, announced Thursday, put to rest weeks of speculation about Renault's leadership and ensures the longtime CEO will continue to steer the company through a potentially jarring technology transition.
France, a top shareholder, with a 15 percent stake, had demanded a pay cut, succession planning and deeper ties with Nissan that can outlast Ghosn's tenure.
Content from ZF
Transform Cars Into Mobile Living Spaces: New Opportunities for Occupant Safety
The launch of automated vehicle functions is transforming the way in which cars are designed and marketed and coincides with the introduction of electric drivetrains. Together, these technological step-changes will alter vehicle architectures in ways that will change the way people can use interiors.
Read more >
Renault named a second-in-command to Ghosn who will free the busy executive to focus on strengthening the alliance. Thierry Bollore, the company's chief competitive officer, was named COO, putting him in line to succeed his 63-year-old boss.
France supported a renewed mandate for Ghosn, while backing the nomination of Bollore, 54, a French citizen who started his career with tire maker Michelin.
Ghosn's new mandate reflects the priorities of France. Ghosn will continue to focus on the automaker's strategic plan, called Drive the Future, aimed at guiding the company through industry shifts as more stringent pollution standards, electric vehicles and self-driving technology take hold.
Pay cut
Ghosn agreed to cut his salary by about 30 percent, Renault confirmed, securing government support. Shareholders led by the French state voted against his compensation in 2016 but narrowly approved it last year. The package to be submitted to the annual meeting June 15 includes 2.5 million euros ($3 million) in fixed and variable pay, plus up to 80,000 long-term performance shares currently worth another $10 million.
"We want to build new era of relations between Renault and state," French Finance Minister Bruno Le Maire said on CNews TV.
Ghosn saved Nissan from near collapse almost two decades ago and spearheaded the globalization drive that now unites automakers from across continents. He remains chairman at all three companies, after giving up the CEO job at Nissan. He's been CEO at Renault since 2005 and oversees the three-way alliance as well.
The new structure could give the French government political cover to reduce its stake, ultimately making a full merger of Renault and Nissan "a very real possibility," Evercore ISI analyst Arndt Ellinghorst said in a note this week.
Ghosn said a year ago there would be no merger between Renault and Nissan as long as the French government is a shareholder. France raised its stake in 2015. The state has no plan to sell Renault shares, a government official said this week.
Renault owns 43.4 percent of Nissan, which in turn controls Mitsubishi via a 34 percent stake.
Ghosn had been expected to hand over the reins to a new CEO and move to a nonexecutive chairman role overseeing the Renault-Nissan-Mitsubishi alliance. But the plan foundered on differences with the French state over the alliance's future shape and direction, sources have said.
Renault reported record annual revenue and profit Friday, with operating profit up 16 percent last year to $4.8 billion. Revenue jumped 15 percent to $73 billion as demand for cars continues to expand in Europe. Renault's AvtoVAZ, which sells Lada cars, is also benefiting from an improvement in Russia.
https://business.mb.com.ph/2018/02/15/m ... for-perks/
Mitsubishi Motors Philippines Corp.(MMPC), the first participant in the CARS Program, has filed tax incentives availment with the Board of Investments after having invested a total of P4.27 billion in fixed assets, including the opening of its P2.4-billion stamping plant facility, the biggest in the country, in Sta. Rosa, Laguna.
Trade and Industry Secretary Ramon M. Lopez said in a keynote speech at the inauguration of the stamping plant that the Board of Investments may decide to approve on February 27 the proposal for incentive availment.
Of this total P5.74-billion total capital expenditure, P4.89 billion, or 40 percent, is eligible for CARS’ Fixed Investment Support (FIS).
So far, MMPC has submitted for approval for tax availment under FIS P4.27 billion worth of investments, comprising of its P2.41-billion stamping plant and welding shop, and P1.85 billion worth of locally sourced parts from 7 participating parts makers for the production of Mirage Hatchback/G4, its entry model in the CARS (Comprehensive Automotive Resurgence Strategy).
MMPC Vice President Dante Santos said this means that MMPC and the local parts suppliers will start claiming its tax incentives availment this year as this has been part of the national government budget for 2018. The CARS program grants $200 million in tax perks to each of the intended three participants, based on investment and volume production requirements.
Aside from the stamping plant, which is the largest component of its investment, the other local parts include metals and large plastic parts makers also submitted their proposal for approval by BOI.
With the country’s first-ever two thousand-ton stamping machine, the country’s second largest car company, has just started producing bulky automotive parts such as vehicle body side outer panels, roof panels, floor panels, and door panels, among others.
With the stamping and welding shop plus the other parts such as steering wheel, the suspension, and the radiator by its accredited local parts manufacturers, MMPC’s Mirage/G4 has already attained as much as 37 percent local content.
The target for the CARS is for the participants to attain as much as 50 percent local content, but Santos said this can be attained on the fourth to fifth year of the 6-year program.
Santos said the FIS will cover, as it functions like a subsidy, part of the huge investment because the overall stamping plant and welding facility cost them P2.8 billion.
“On its own it cannot recover the cost,†Santos said adding the facility, which is the biggest in the country, could pave the way for more usage in the future should there be further expansion in the country’s motor vehicle market.
In fact, Lopez said that the remaining MMPC investment of R1.6 billion in its FIS allocation can be used to support as much as R4 billion worth of possible incremental investments in more strategic and common parts.
Lopez said that many of these parts were earlier identified in MMPC’s original CARS business plan for Stage 2 and 3 localization.
He further encouraged MMPC to also participate in the government’s thrust to develop the local commercial vehicle segment as the DTI in tandem with other government agencies such as the Department of Transportation working on the implementation of the Philippine Utility Vehicle Modernization Program.
As such, DTI is aligning the remaining vacant third CARS slot to support the local manufacture of replacement vehicles for PUV modernization program. The second slot in the CARS Program had been taken by Toyota Motor Philippines Corp. (TMP).
The CARS Program Management Office (CARS-PMO), in consultation with OEM (Original Equipment Manufacturers) platform manufacturers and their local partner body builders, is in the final stages of devising the modernization program’s features and mechanics, he said.
The DTI will be seeking sometime in April this year President Duterte’s approval for a separate executive order (EO) for its (PUV third slot) implementation.
“Mitsubishi Philippines, through its truck division, Fuso, can participate in the government’s eco-PUV program that we intend to roll-out soon,†Lopez said.
Likewise, mindful of the synergies between CARS and the eco-PUV program, particularly in the utilization of equipment and tooling already in place under CARS, Mitsubishi PH can use the excess capacity of your press plant to produce parts for the replacement PUVs, he added.
Lopez further raised hopes of more car production in the country. Based on a study he quoted from the Japan International Cooperation Agency, the Philippines annual car production is seen at 1 million annual car production by 2027.
“We believe that the government’s engagement with the PH automotive industry cannot stop with CARS and the eco-PUV programs,†he said.
The JICA study maybe boosted by the government’s CARS program where the two participants are expected to produce 400,000 units or 200,000 each over a six-year period and the 200,000 units of old jeepneys up for replacement. There could also be additional local production as the market demand expands.
In 2017, domestic motor vehicle sales already reached over 475,000 units. Sales could breach the 500,000 unit level by this year already.
MMPC President and CEO Matsuhiro Oshikiri cited in his message the government for initiating the CARS Program, which paved the way for the country’s first-ever 2,000 ton tandem stamping machine.
“This became an avenue for MMPC to invest on its own stamping facility that will help place the country as one of the production hubs in the ASEAN region,†he said.
“The opening of our new stamping shop is the beginning of a new chapter in the story of Mitsubishi Motors’ operations here in the Philippines. This stamping shop enables us to turn the aspiration of localized production into a reality, further building our presence in the Philippines, at the same time strengthening our offering to consumers,†said Oshikiri.
Minoru Kinoshita, general manager of Mitsubishi Motors for Philippines Business Department, said the plant can produce up to 50,000 units a year. The plant in Sta. Rosa has already provided 600 additional jobs.
“As we expand the industrial footprint of Mitsubishi Motors, we have every intention of deepening this partnership and enhancing our competitiveness in this crucial market,†he said as he committed to MMPC producing 200,000 units of Mirage by 2023.
=======
www.autonews.com/article/20180216/COPY0 ... ith-nissan
Ghosn pledges 'irreversible' Renault alliance with Nissan
PARIS -- Carlos Ghosn pledged to cement Renault's partnership with Nissan Motor Co. and Mitsubishi Motors Corp. after agreeing to stay on as chairman and CEO of the French automaker for the next four years.
The companies will come up with a plan in the next few weeks to "make the alliance irreversible," Ghosn told analysts Friday at the company's headquarters near Paris.
But Ghosn made clear that Renault and Nissan are in no rush to merge -- especially on French government terms -- and reiterated his view that a full tie-up was impossible while France retained a significant Renault stake.
"I don't see how the Japanese side is going to accept further steps with the French state as a major shareholder," he told analysts.
Ghosn said any change in the financial structure of the alliance would have to be approved by both the French and Japanese governments. He said Japan would not agree to a tighter structure if France remains a shareholder.
Ghosn's reappointment, announced Thursday, put to rest weeks of speculation about Renault's leadership and ensures the longtime CEO will continue to steer the company through a potentially jarring technology transition.
France, a top shareholder, with a 15 percent stake, had demanded a pay cut, succession planning and deeper ties with Nissan that can outlast Ghosn's tenure.
Content from ZF
Transform Cars Into Mobile Living Spaces: New Opportunities for Occupant Safety
The launch of automated vehicle functions is transforming the way in which cars are designed and marketed and coincides with the introduction of electric drivetrains. Together, these technological step-changes will alter vehicle architectures in ways that will change the way people can use interiors.
Read more >
Renault named a second-in-command to Ghosn who will free the busy executive to focus on strengthening the alliance. Thierry Bollore, the company's chief competitive officer, was named COO, putting him in line to succeed his 63-year-old boss.
France supported a renewed mandate for Ghosn, while backing the nomination of Bollore, 54, a French citizen who started his career with tire maker Michelin.
Ghosn's new mandate reflects the priorities of France. Ghosn will continue to focus on the automaker's strategic plan, called Drive the Future, aimed at guiding the company through industry shifts as more stringent pollution standards, electric vehicles and self-driving technology take hold.
Pay cut
Ghosn agreed to cut his salary by about 30 percent, Renault confirmed, securing government support. Shareholders led by the French state voted against his compensation in 2016 but narrowly approved it last year. The package to be submitted to the annual meeting June 15 includes 2.5 million euros ($3 million) in fixed and variable pay, plus up to 80,000 long-term performance shares currently worth another $10 million.
"We want to build new era of relations between Renault and state," French Finance Minister Bruno Le Maire said on CNews TV.
Ghosn saved Nissan from near collapse almost two decades ago and spearheaded the globalization drive that now unites automakers from across continents. He remains chairman at all three companies, after giving up the CEO job at Nissan. He's been CEO at Renault since 2005 and oversees the three-way alliance as well.
The new structure could give the French government political cover to reduce its stake, ultimately making a full merger of Renault and Nissan "a very real possibility," Evercore ISI analyst Arndt Ellinghorst said in a note this week.
Ghosn said a year ago there would be no merger between Renault and Nissan as long as the French government is a shareholder. France raised its stake in 2015. The state has no plan to sell Renault shares, a government official said this week.
Renault owns 43.4 percent of Nissan, which in turn controls Mitsubishi via a 34 percent stake.
Ghosn had been expected to hand over the reins to a new CEO and move to a nonexecutive chairman role overseeing the Renault-Nissan-Mitsubishi alliance. But the plan foundered on differences with the French state over the alliance's future shape and direction, sources have said.
Renault reported record annual revenue and profit Friday, with operating profit up 16 percent last year to $4.8 billion. Revenue jumped 15 percent to $73 billion as demand for cars continues to expand in Europe. Renault's AvtoVAZ, which sells Lada cars, is also benefiting from an improvement in Russia.
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Șeful alianÈ›ei Renault-Nissan-Mitsubishi: “Suntem probabil singurii care facem bani din vânzarea maÈ™inilor electriceâ€
http://www.automarket.ro/stiri/seful-al ... 82841.html
Alianţa dintre Renault, Nissan şi Mitsubishi este probabil cel mai avansat şi mai profitabil producător auto în ceea ce priveşte vânzarea maşinilor electrice, după cum a declarat șeful alianţei, Carlos Ghosn.
Mulți producători auto și-au exprimat dificultățile pe care le au în ceea ce privește obținerea profitului din vânzarea mașinilor electrice. Însă, în rândul lor, există cineva care pretinde că se află în fața tuturor la acest capitol.
Carlos Ghosn, proaspăt reales în funcția de CEO al Renault și de președinte al alianței Renault-Nissan-Mitsubishi, susține că este nevoie de timp ca să faci bani din mașinil electrice, dar că alianța domină această afacere.
“Suntem probabil cel mai avansat producător auto în privinţa costurilor maşinilor electrice şi am anunţat deja în 2017 că suntem probabil singurul grup auto care începe să facă bani din vânzarea maşinilor electrice,†a declarat Ghosn.
Președintele Renault-Nissan-Mitsubishi nu este îngrijorat de creșterea prețurilor materiilor prime în privința costurilor de producție pentru mașinile electrice.
“Majorarea costului cu materiile prime va fi compensată prin îmbunătăţirea competenţelor practice şi înlocuirea unor materii prime care contribuie la fabricarea bateriilor,†a mai spus Carlos Ghosn.
Via Electrek
=====
Five cars with terrible celestial names
https://www.stuff.co.nz/motoring/101345 ... tial-names
http://www.automarket.ro/stiri/seful-al ... 82841.html
Alianţa dintre Renault, Nissan şi Mitsubishi este probabil cel mai avansat şi mai profitabil producător auto în ceea ce priveşte vânzarea maşinilor electrice, după cum a declarat șeful alianţei, Carlos Ghosn.
Mulți producători auto și-au exprimat dificultățile pe care le au în ceea ce privește obținerea profitului din vânzarea mașinilor electrice. Însă, în rândul lor, există cineva care pretinde că se află în fața tuturor la acest capitol.
Carlos Ghosn, proaspăt reales în funcția de CEO al Renault și de președinte al alianței Renault-Nissan-Mitsubishi, susține că este nevoie de timp ca să faci bani din mașinil electrice, dar că alianța domină această afacere.
“Suntem probabil cel mai avansat producător auto în privinţa costurilor maşinilor electrice şi am anunţat deja în 2017 că suntem probabil singurul grup auto care începe să facă bani din vânzarea maşinilor electrice,†a declarat Ghosn.
Președintele Renault-Nissan-Mitsubishi nu este îngrijorat de creșterea prețurilor materiilor prime în privința costurilor de producție pentru mașinile electrice.
“Majorarea costului cu materiile prime va fi compensată prin îmbunătăţirea competenţelor practice şi înlocuirea unor materii prime care contribuie la fabricarea bateriilor,†a mai spus Carlos Ghosn.
Via Electrek
=====
Five cars with terrible celestial names
https://www.stuff.co.nz/motoring/101345 ... tial-names
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PH on the threshold of manufacturing resurgence
https://news.mb.com.ph/2018/02/20/ph-on ... esurgence/
The opening of the country’s biggest stamping and welding facility of Mitsubishi Motors Philippines Corp. (MMPC) last week signaled the government’s determination to give the local manufacturing sector the much-needed push to accelerate growth.
Mitsubishi’s project dovetails with the government’s Manufacturing Resurgence Program (MRP), where, based on its timelines, is already on Phase 2 of its implementation.
The MRP targets to close the gaps in industry supply chains, provide access to raw materials, and expand domestic markets and exports for Philippine manufacture products. The manufacturing sector is now the fastest growing sector in the domestic economy.
MRP Phase 2 (2018-2021) involves the shift to high value-added activities, investments in upstream industries, link and integrate industries between small, medium and large establishments.
Mitsubishi is the first participant in the Comprehensive Automotive Resurgence Strategy (CARS), a government program that allocates $600 million in tax incentives to three participants in exchange for their investments in manufacturing facilities and production of 600,000 units of cars over a six-year period.
The Japanese car company is investing P5.74 billion, the bulk of which goes to the welding plant at its manufacturing facility in Sta. Rosa, Laguna.
With the stamping facility in place, MMPC will now produce 200,000 units of Mirage/G4, its enrolled model in the CARS Program.
It is also outsourcing the supply of some of the parts of Mirage/G4 to local parts manufacturers. MMPC, the country’s second largest car company, has also started hiring additional workers.
The locally produced Mirage/G4 boasts of 37 percent local content. At the end of the six-year program, Mirage/G4 shall have attained 50 percent local content.
One cannot belittle the multiplier effect from Mitsubishi’s investments to the domestic economy. The local sourcing alone will definitely translate into robust economic activities for local parts producers, materials suppliers, down to logistics, jobs creation and additional income.
More than that there is technology transfer at the end of the program. All these would help sustain growth in the manufacturing sector, the only hope for decent employment wages by the less educated workforce, who have no place at the IT-BPO offices.
The CARS Program also comes at a time when the Philippine automotive sector is now ASEAN’s second fastest, if not the fastest growing market, because while Myanmar’s growth has accelerated, its volume is still way too small. Overall car sales in the Philippines have already breached the 531,000-unit level in 2017.
This incentive-for-investment CARS program is a good example of a quid pro quo strategy, benefiting both the domestic economy in dire need of foreign direct capital infusion and the capitalist in search of market expansion to sustain growth. It is a win-win strategy.
https://news.mb.com.ph/2018/02/20/ph-on ... esurgence/
The opening of the country’s biggest stamping and welding facility of Mitsubishi Motors Philippines Corp. (MMPC) last week signaled the government’s determination to give the local manufacturing sector the much-needed push to accelerate growth.
Mitsubishi’s project dovetails with the government’s Manufacturing Resurgence Program (MRP), where, based on its timelines, is already on Phase 2 of its implementation.
The MRP targets to close the gaps in industry supply chains, provide access to raw materials, and expand domestic markets and exports for Philippine manufacture products. The manufacturing sector is now the fastest growing sector in the domestic economy.
MRP Phase 2 (2018-2021) involves the shift to high value-added activities, investments in upstream industries, link and integrate industries between small, medium and large establishments.
Mitsubishi is the first participant in the Comprehensive Automotive Resurgence Strategy (CARS), a government program that allocates $600 million in tax incentives to three participants in exchange for their investments in manufacturing facilities and production of 600,000 units of cars over a six-year period.
The Japanese car company is investing P5.74 billion, the bulk of which goes to the welding plant at its manufacturing facility in Sta. Rosa, Laguna.
With the stamping facility in place, MMPC will now produce 200,000 units of Mirage/G4, its enrolled model in the CARS Program.
It is also outsourcing the supply of some of the parts of Mirage/G4 to local parts manufacturers. MMPC, the country’s second largest car company, has also started hiring additional workers.
The locally produced Mirage/G4 boasts of 37 percent local content. At the end of the six-year program, Mirage/G4 shall have attained 50 percent local content.
One cannot belittle the multiplier effect from Mitsubishi’s investments to the domestic economy. The local sourcing alone will definitely translate into robust economic activities for local parts producers, materials suppliers, down to logistics, jobs creation and additional income.
More than that there is technology transfer at the end of the program. All these would help sustain growth in the manufacturing sector, the only hope for decent employment wages by the less educated workforce, who have no place at the IT-BPO offices.
The CARS Program also comes at a time when the Philippine automotive sector is now ASEAN’s second fastest, if not the fastest growing market, because while Myanmar’s growth has accelerated, its volume is still way too small. Overall car sales in the Philippines have already breached the 531,000-unit level in 2017.
This incentive-for-investment CARS program is a good example of a quid pro quo strategy, benefiting both the domestic economy in dire need of foreign direct capital infusion and the capitalist in search of market expansion to sustain growth. It is a win-win strategy.
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Misiunea lui Carlos Ghosn: brazilianul vrea să asigure supraviețuirea alianței Renault-Nissan-Mitsubishi, chiar și cu prețul unei fuziuni între cele trei companii
http://www.automarket.ro/stiri/misiunea ... 82873.html
Șeful Renault, Carlos Ghosn, a declarat că una dintre prioritățile sale pentru perioada următoare este să se asigure că alianța cu Nissan și Mitsubishi va supraviețui în condițiile actuale de piață. Una dintre modalitățile pentru atingerea obiectivului său ar putea fi o fuziune între cele trei companii.
În urmă cu câteva zile, acționarii Renault și-au reconfirmat încrederea pentru Carlos Ghosn printr-un nou mandat de 4 ani la conducerea grupului, iar Thierry Bollore a fost promovat în funcția de Chief Operating Officer, respectiv “numărul 2†în companie.
Printre prioritățile trasate de către acÈ›ionari se numără stabilirea planului de succesiune la È™efia Renault, respectarea planului “Drive the Futureâ€, precum È™i “paÈ™i decisivi†pentru ca alianÈ›a Renault-Nissan-Mitsubishi să fie ireversibilă.
Carlos Ghosn este apreciat pentru munca sa din ultimii ani, în care a reușit să ducă alianța pe o poziție fruntașă în topul producătorilor auto, cu peste 10 milioane de mașini vândute anul trecut.
Provocarea cea mai importantă pentru brazilian pare să fie supraviețuirea alianței Renault-Nissan-Mitsubishi chiar și după ce el se va retrage de la conducere.
“Trebuie să ne asigurăm că alianța va supraviețui, iar pentru asta vom avea nevoie de ajutorul acționarilor, inclusiv guvernele din Franța și Japonia,†a declarat Carlos Ghosn.
O posibilitate de reușită ar fi fuziunea completă dintre cele trei companii, dar Ghosn susține că acest lucru nu se va întâmpla cât timp statul francez va deține o bucată din Renault.
Totuși, Franța și-a redus participația la constructorul francez la 20% în ultimele luni. În plus, guvernul condus de Emmanuel Macron a spus că va renunța și la alte active, fapt ce ar putea duce la o potențială fuziune viitoare între Renault, Nissan și Mitsubishi.
Via Autonews
http://www.automarket.ro/stiri/misiunea ... 82873.html
Șeful Renault, Carlos Ghosn, a declarat că una dintre prioritățile sale pentru perioada următoare este să se asigure că alianța cu Nissan și Mitsubishi va supraviețui în condițiile actuale de piață. Una dintre modalitățile pentru atingerea obiectivului său ar putea fi o fuziune între cele trei companii.
În urmă cu câteva zile, acționarii Renault și-au reconfirmat încrederea pentru Carlos Ghosn printr-un nou mandat de 4 ani la conducerea grupului, iar Thierry Bollore a fost promovat în funcția de Chief Operating Officer, respectiv “numărul 2†în companie.
Printre prioritățile trasate de către acÈ›ionari se numără stabilirea planului de succesiune la È™efia Renault, respectarea planului “Drive the Futureâ€, precum È™i “paÈ™i decisivi†pentru ca alianÈ›a Renault-Nissan-Mitsubishi să fie ireversibilă.
Carlos Ghosn este apreciat pentru munca sa din ultimii ani, în care a reușit să ducă alianța pe o poziție fruntașă în topul producătorilor auto, cu peste 10 milioane de mașini vândute anul trecut.
Provocarea cea mai importantă pentru brazilian pare să fie supraviețuirea alianței Renault-Nissan-Mitsubishi chiar și după ce el se va retrage de la conducere.
“Trebuie să ne asigurăm că alianța va supraviețui, iar pentru asta vom avea nevoie de ajutorul acționarilor, inclusiv guvernele din Franța și Japonia,†a declarat Carlos Ghosn.
O posibilitate de reușită ar fi fuziunea completă dintre cele trei companii, dar Ghosn susține că acest lucru nu se va întâmpla cât timp statul francez va deține o bucată din Renault.
Totuși, Franța și-a redus participația la constructorul francez la 20% în ultimele luni. În plus, guvernul condus de Emmanuel Macron a spus că va renunța și la alte active, fapt ce ar putea duce la o potențială fuziune viitoare între Renault, Nissan și Mitsubishi.
Via Autonews
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Vilner Transforms A Mitsubishi Lancer Into The Luxurious Allroads Ronin
https://www.carscoops.com/2018/02/vilne ... ads-ronin/
Vilner has made a name for itself fitting some fancy interiors to all manner of vehicles – not just high-end metal, but more “accessible†wheels, too. Just look at this latest project.
Called the Mitsubishi Allroads Ronin, it’s based on a 2011 Lancer Ralliart – hardly the most auspicious point of departure, but it’s been upgraded inside to a standard that would make even a Lexus LS look blue-collar by comparison.
Taking its name from the Japanese term for a samurai knight with no master, the Ronin is done up in a material called Amaretta. It’s similar to the Alcantara you’d find in many performance vehicles, but it’s said to be of higher quality – and sourced from Japan.
The headrests look like the woodwork on a samurai’s suit of armor, but are actually coated in heat- and pressure-treated velour. Plastic trim has been replaced with metal, the steering wheel rimmed with Nappa leather, the handbrake lever looks like a samurai-sword handle, the instruments done up like a Ferrari’s, and the center mirror fitted without a frame.
The Lithuanian customizer also added some 77 pounds of extra sound deadening to make the interior more than twice as quiet inside. It also fitted an 11-inch touchscreen display with a rear view camera, but its enhancements weren’t limited to the interior in which it specializes. Vilner also jacked up the suspension by 0.78 inches, fitted a set of Yokohama Geolandar all-terrain tires, and a set of 60-watt LED headlights.
The result is a complete transformation of the work-a-day Lancer that will be showcased at the Geneva Motor Show next month. We’re just not sure we want to know how much the conversion cost – or what else you could get for the same money. Because we’re pretty sure it wouldn’t be a Mitsubishi.
https://www.youtube.com/watch?v=fkX5-noyoUs
https://www.carscoops.com/2018/02/vilne ... ads-ronin/
Vilner has made a name for itself fitting some fancy interiors to all manner of vehicles – not just high-end metal, but more “accessible†wheels, too. Just look at this latest project.
Called the Mitsubishi Allroads Ronin, it’s based on a 2011 Lancer Ralliart – hardly the most auspicious point of departure, but it’s been upgraded inside to a standard that would make even a Lexus LS look blue-collar by comparison.
Taking its name from the Japanese term for a samurai knight with no master, the Ronin is done up in a material called Amaretta. It’s similar to the Alcantara you’d find in many performance vehicles, but it’s said to be of higher quality – and sourced from Japan.
The headrests look like the woodwork on a samurai’s suit of armor, but are actually coated in heat- and pressure-treated velour. Plastic trim has been replaced with metal, the steering wheel rimmed with Nappa leather, the handbrake lever looks like a samurai-sword handle, the instruments done up like a Ferrari’s, and the center mirror fitted without a frame.
The Lithuanian customizer also added some 77 pounds of extra sound deadening to make the interior more than twice as quiet inside. It also fitted an 11-inch touchscreen display with a rear view camera, but its enhancements weren’t limited to the interior in which it specializes. Vilner also jacked up the suspension by 0.78 inches, fitted a set of Yokohama Geolandar all-terrain tires, and a set of 60-watt LED headlights.
The result is a complete transformation of the work-a-day Lancer that will be showcased at the Geneva Motor Show next month. We’re just not sure we want to know how much the conversion cost – or what else you could get for the same money. Because we’re pretty sure it wouldn’t be a Mitsubishi.
https://www.youtube.com/watch?v=fkX5-noyoUs
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Facelift pentru modelul Mitsubishi Outlander PHEV 2018
http://www.autolatest.ro/stiri-masini/f ... -phev-2018
2019 Mitsubishi Outlander PHEV hits Geneva with more efficiency
https://www.cnet.com/roadshow/news/2019 ... CAD590a51e
Mitsubishi Outlander PHEV facelift – new 2.4 litre engine, higher battery capacity and rear motor output
https://paultan.org/2018/02/21/mitsubis ... or-output/
http://www.autolatest.ro/stiri-masini/f ... -phev-2018
2019 Mitsubishi Outlander PHEV hits Geneva with more efficiency
https://www.cnet.com/roadshow/news/2019 ... CAD590a51e
Mitsubishi Outlander PHEV facelift – new 2.4 litre engine, higher battery capacity and rear motor output
https://paultan.org/2018/02/21/mitsubis ... or-output/
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Mitsubishi Evolution Nameplate Could Make A Comeback, Though Not As A Sports Sedan
https://www.carscoops.com/2018/02/mitsu ... rts-sedan/
Mitsubishi resurrected the Eclipse name last year, but instead of a sports car it used it on a compact crossover and added the “Cross†suffix.
This means that the Evo moniker could make a comeback as well, although not as we would expect it to.
Speaking to Motor1, the brand’s UK Managing Director, Lance Bradley, said that “there’s nothing in the pipeline at the moment†when asked about the return of the Evolution name. However, he added that there’s “no reason†why it wouldn’t make a comeback at some point in the future.
“Anything’s possible – nothing’s ruled in and nothing’s ruled outâ€, Bradley commented. “If there were to be one, it would probably be different from what it’s currently. The day of the very high-powered sedan car from us is probably gone, but as long as it lives up to the ideals the Evo demonstrated, there’s no reason why we couldn’t do it with a different kind of vehicle.â€
So what does this mean? If we were to speculate, then we would say that the Evolution will go down the same road as the Eclipse, namely being brought back on a new SUV. Still, given its status, Bradley added that “it could be an option for a more performance-oriented version of one of the modelsâ€.
The company’s official admitted that the rally-bred sedan is an iconic car that has lots of fans with “a very emotional attachmentâ€, so leaving it alone, rather than messing with it, could be the better option.
Mitsubishi dropped the Lancer Evolution in late 2015, with the Final Edition. The swan song was limited to 1,600 examples in the United States, priced from less than $38,000.
For a car that originally went into production in 2007, the Evo X is quite exciting to look at and drive, with its specific exterior and a 2.0-liter turbocharged engine rated at 303hp and 305lb-ft (413Nm) of torque. But what really set it apart was its spectacular all-wheel drive system that allowed you to do things you probably shouldn’t be able to – and feel safe while doing them.
Since the Evo name is inextricably linked with Mitsubishi’s exploits in the WRC and the resulting road cars that, apart from the last one, felt like 1980s’ taxis inside but performed and handled like rally homologation specials, perhaps the best course of action is leaving this particular nameplate well alone.
https://www.carscoops.com/2018/02/mitsu ... rts-sedan/
Mitsubishi resurrected the Eclipse name last year, but instead of a sports car it used it on a compact crossover and added the “Cross†suffix.
This means that the Evo moniker could make a comeback as well, although not as we would expect it to.
Speaking to Motor1, the brand’s UK Managing Director, Lance Bradley, said that “there’s nothing in the pipeline at the moment†when asked about the return of the Evolution name. However, he added that there’s “no reason†why it wouldn’t make a comeback at some point in the future.
“Anything’s possible – nothing’s ruled in and nothing’s ruled outâ€, Bradley commented. “If there were to be one, it would probably be different from what it’s currently. The day of the very high-powered sedan car from us is probably gone, but as long as it lives up to the ideals the Evo demonstrated, there’s no reason why we couldn’t do it with a different kind of vehicle.â€
So what does this mean? If we were to speculate, then we would say that the Evolution will go down the same road as the Eclipse, namely being brought back on a new SUV. Still, given its status, Bradley added that “it could be an option for a more performance-oriented version of one of the modelsâ€.
The company’s official admitted that the rally-bred sedan is an iconic car that has lots of fans with “a very emotional attachmentâ€, so leaving it alone, rather than messing with it, could be the better option.
Mitsubishi dropped the Lancer Evolution in late 2015, with the Final Edition. The swan song was limited to 1,600 examples in the United States, priced from less than $38,000.
For a car that originally went into production in 2007, the Evo X is quite exciting to look at and drive, with its specific exterior and a 2.0-liter turbocharged engine rated at 303hp and 305lb-ft (413Nm) of torque. But what really set it apart was its spectacular all-wheel drive system that allowed you to do things you probably shouldn’t be able to – and feel safe while doing them.
Since the Evo name is inextricably linked with Mitsubishi’s exploits in the WRC and the resulting road cars that, apart from the last one, felt like 1980s’ taxis inside but performed and handled like rally homologation specials, perhaps the best course of action is leaving this particular nameplate well alone.
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Have You Ever Owned A Mitsubishi 3000GT, The Most Overcomplicated Car Of The '90s?
https://jalopnik.com/have-you-ever-owne ... 1823203460
https://jalopnik.com/have-you-ever-owne ... 1823203460
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Nissan's EV campaign expected to get boost from Mitsubishi investment
http://www.autonews.com/article/2018022 ... investment
TOKYO -- Nissan Motor Co. may get a boost from a deepening relationship with Japan's biggest trading house as access to battery materials becomes a priority amid the industry's push into electric vehicles.
Mitsubishi Corp. on Tuesday said it plans to double its stake in Mitsubishi Motors Corp., of which Nissan is the biggest shareholder. The trading company, which also owns mining assets, could be able to secure the lithium, cobalt, rare-earth metals and other battery metals necessary for the expanding EV business being developed by Nissan and its partners, according to Seiji Sugiura, an analyst at Tokai Tokyo Research Center in Tokyo.
"Via Mitsubishi Motors, it's likely Mitsubishi Corp. will boost its business relationship with the Nissan alliance," Sugiura said by email, referring to the partnership between the two Japanese automakers and Renault SA that was fostered under Carlos Ghosn, chairman of all three. "Mitsubishi Corp. could invest in lithium, rare earths and other metals and become a supplier" for the alliance, he said.
The Mitsubishi-Nissan connection may reap benefits similar to other Japanese companies like Toyota Motor Corp., whose trading arm -- Toyota Tsusho Corp. -- recently took a stake in an Australian lithium miner. Since 2010 until the end of last year, Nissan has sold about 300,000 of its Leaf EVs. That compares with Tesla Inc.'s sales surpassing 250,000 last year since its first Roadster rolled out in 2008.
Neither Mitsubishi Corp. nor Nissan were immediately able to comment Wednesday.
Mitsubishi Corp. said in a filing Tuesday, which laid out the rationale for doubling its stake in Mitsubishi Motors, that it's considering deeper involvement in the automotive industry in light of the "rapid and significant changes," specifically electric vehicles and autonomous cars.
http://www.autonews.com/article/2018022 ... investment
TOKYO -- Nissan Motor Co. may get a boost from a deepening relationship with Japan's biggest trading house as access to battery materials becomes a priority amid the industry's push into electric vehicles.
Mitsubishi Corp. on Tuesday said it plans to double its stake in Mitsubishi Motors Corp., of which Nissan is the biggest shareholder. The trading company, which also owns mining assets, could be able to secure the lithium, cobalt, rare-earth metals and other battery metals necessary for the expanding EV business being developed by Nissan and its partners, according to Seiji Sugiura, an analyst at Tokai Tokyo Research Center in Tokyo.
"Via Mitsubishi Motors, it's likely Mitsubishi Corp. will boost its business relationship with the Nissan alliance," Sugiura said by email, referring to the partnership between the two Japanese automakers and Renault SA that was fostered under Carlos Ghosn, chairman of all three. "Mitsubishi Corp. could invest in lithium, rare earths and other metals and become a supplier" for the alliance, he said.
The Mitsubishi-Nissan connection may reap benefits similar to other Japanese companies like Toyota Motor Corp., whose trading arm -- Toyota Tsusho Corp. -- recently took a stake in an Australian lithium miner. Since 2010 until the end of last year, Nissan has sold about 300,000 of its Leaf EVs. That compares with Tesla Inc.'s sales surpassing 250,000 last year since its first Roadster rolled out in 2008.
Neither Mitsubishi Corp. nor Nissan were immediately able to comment Wednesday.
Mitsubishi Corp. said in a filing Tuesday, which laid out the rationale for doubling its stake in Mitsubishi Motors, that it's considering deeper involvement in the automotive industry in light of the "rapid and significant changes," specifically electric vehicles and autonomous cars.
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