No more new Mitsubishi models to Europe

[HSDish]

Saw that Mitsubishi will leave Europe. No more new models. No new Outlander.

In Sweden the Mitsubishi Outlander PHEV has been the best selling Plug In for a lot of Years, maybee this will give the new RAV 4 Plug In even better conditions to take the lead in Europe OR…

Is there any risk that Toyota will follow Mitsubishi and limit the range of models in Europé?

[FROSTYBALLS]

Different scenario.

Mitsubishi has been in trouble for a number of years and were badly hit by a scandal involving falsifying economy figures in their home market. Nissan bought a controlling interest in them in 2016. Concentrating on their South East markets, where they are stronger, should help rebuild the company.

Nissan themselves are suffering from declining demand and heavy discounting (which has backfired for them) in the US market, and, as with Mitsubishi, big falls in profits. Nissan are also retracting in Europe - with plans to close their Spanish plant, etc.

Mitsubishi's UK importer, which is a separate company to the manufacturer, has already approached other manufacturers to replace Mitsubishi (certainly at least one Chinese company) regarding distribution of vehicles in the UK.

By the way, the Outlander PHEV's multi mode transmission was designed and made by GKN Automotive - a British mulinational.

 

[FROSTYBALLS]

Further bad news for the Nissan-Mitsubishi-Renault alliance - 10% fall in Nissan shares following news of record loss warning of £3.5 billion: https://www.bbc.co.uk/news/business-53576987