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dboz · Feb 1, 2009, 11:09 AM

I just got my recent edition of MOTOR TREND. Dark days for cars are nearing.

Motortrend has this update about MITSU.

"Mitsubishi, struggling to retain six digit annual sales here, is essentially a tax writeoff for Mitsu UFJ, one of Japan's largest banks. If and when the tax writeoff becomes marginal, Mitsu will pull out of the US market-perhaps out of the car business"

The news is not better for Subie. Having lost its connection with GM, Toyota will now help keep it viable, which means, potentially, future Subie models powered with something other than horizontally opposed engines. The joint venture with Toyota on the sport coupe is on hold, however.

Feb 1, 2009, 11:09 AM	#1
dboz Evolved Member Personal Sales Rating: (0) Join Date: Jul 2008 Location: ohio Posts: 962	Not good news on mitsu future I just got my recent edition of MOTOR TREND. Dark days for cars are nearing. Motortrend has this update about MITSU. "Mitsubishi, struggling to retain six digit annual sales here, is essentially a tax writeoff for Mitsu UFJ, one of Japan's largest banks. If and when the tax writeoff becomes marginal, *Mitsu will pull out of the US market-perhaps out of the car business"* The news is not better for Subie. Having lost its connection with GM, Toyota will now help keep it viable, which means, potentially, future Subie models powered with something other than horizontally opposed engines. The joint venture with Toyota on the sport coupe is on hold, however.
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