Quote:
Originally Posted by dboz
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.
|
And people thought the idea of Mitsubishi leaving the US market was crazy
. I hope they don't leave but I wouldn't be that shocked, they're still a relatively new company and the current economic issues certainly aren't helping. I'm a bit shocked at what you say about Subaru considering their sales have gone up. From what I understand, Subaru is actually building some Camrys in its plants.