Mitsubishi

15 Stories

Nissan's Arrested Chairman Gets the Boot

Full shareholder vote needed to make ouster of Carlos Ghosn official

(Newser) - Nissan has followed up on its promise to remove Chairman Carlos Ghosn. The auto company's board voted Thursday to oust its arrested leader, accused of underreporting his income by more than $44 million , and senior executive Greg Kelly, who was allegedly involved in the scheme, per the BBC . The... More »

More Bad News for Arrested Auto Boss

Mitsubishi to ask board to remove disgraced Nissan exec Carlos Ghosn

(Newser) - About to be ejected as chairman of Nissan Motors, Carlos Ghosn's future at Mitsubishi and Renault is now very much in doubt. A day after Ghosn was arrested on suspicion of understating his Nissan income by more than $44 million , Mitsubishi said it would ask its board to "... More »

'One of World's Most Powerful Auto Bosses' Is Arrested

Nissan chair Carlos Ghosn to be removed over 'significant misconduct'

(Newser) - Nissan Motor Co. says it will move to oust chairman Carlos Ghosn after a months-long investigation uncovered "significant misconduct" including the under-reporting of his income by millions, reports the AP . The Japanese automaker says the probe was spurred by a whistleblower, and that the situation also allegedly involves Representative... More »

Japan Trade Minister on New Mitsubishi Scandal: a 'Betrayal'

Company says 3 subsidiaries falsified data

(Newser) - Last year, Mitsubishi confessed it had fudged fuel tests for the past 25 years. Now a new admission adds to Japan's list of corporate controversies, not just from Mitsubishi, but also from other major manufacturers. CNNMoney reports Mitsubishi Materials admitted in a statement Thursday at least two of its... More »

Mitsubishi Admits Cheating Fuel Tests Since 1991

Millions of vehicles in Japan could be affected

(Newser) - The new Volkswagen: Mitsubishi? The car company announced Tuesday it has been cheating fuel tests in Japan for the past 25 years, an admission that caused shares to fall by 10% to a record low, reports CNNMoney . Mitsubishi's market value had already plunged last week with news that engineers... More »

Mitsubishi to US POW: Sorry for Enslaving You

Firm makes historic apology to 94-year-old

(Newser) - With the 70th anniversary of the end of World War II looming, Mitsubishi has finally apologized for using captured American troops as slave labor. At a ceremony at the Museum of Tolerance at the Simon Wiesenthal Center in Los Angeles yesterday, 94-year-old former POW James Murphy shook hands with Mitsubishi... More »

Car With Highest Injury Rate Is ...

Toyota Yaris, with Suzuki SX4 right behind

(Newser) - Driving a Toyota Yaris? Be cautious: At 28.5 injury claims for every 1,000 of the vehicles insured, the car boasts the worst rate of any vehicle, says a new study. The runner-up was the Suzuki SX4, with 26.6 injury claims per 1,000 insured vehicles, the Los ... More »

TV to Go 3D in 2010

Manufacturers have the tech, but broadcasters lag

(Newser) - HDTV is about to become old hat. Sony, Panasonic, Mitsubishi, and JVC all intend to debut new 3D television sets next year. The manufacturers are likening the move to the standard-to-high-def switch—or even the shift from black-and-white to color. “TV finally becomes real,” a Panasonic VP tells... More »

US Ports Awash in Foreign Cars

Masses of unsold imports back up in lots

(Newser) - The new car market is so flat that massive numbers of imported vehicles are being warehoused at ports and other available space, Reuters reports. Toyota, Nissan, Honda, Mitsubishi, Volkswagen, and other dealers can't take fresh deliveries because their sales lots are jammed with thousands of unsold vehicles. Demand for all... More »

First Laser TV Hits the Market

LaserVue promises more colors, needs less electricity

(Newser) - Mitsubishi has released the world’s first laser television, TechRadar reports. The LaserVue L65-A90 uses DLP technology, which runs most projectors, to deliver colors twice as rich as an HDTV. The LaserVue is also greener than HD, using a quarter of the power of a plasma TV. But it will... More »

Cute EV Coming to Cali

Mitsubishi is bringing the i MiEV

(Newser) - Mitsubishi is sending some of its new i MiEV electric cars for testing in California, Wired reports. The Japanese company has signed deals with two Golden State power companies to add a few of the nimble jellybean-shaped vehicles to their fleets for a three-year demonstration. More »

New Engine Could Rev Green Flight

Less fuel, emissions, and noise

(Newser) - In what is being hailed as the most exciting development in commercial aviation technology in years, Pratt & Whitney has developed a revolutionary jet engine that burns up to 15% less fuel and cuts carbon emissions by 1,500 tons per plane per year. The engine, which is also quieter... More »

Japanese Automakers See Bumpy Road Ahead

Honda's profits down 86%, Mitsubishi's off 37%—and forecasts call for more of same

(Newser) - A strong yen is hurting Japan's automakers, the Wall Street Journal reports, with Honda and Mitsubishi announcing big declines in profits today and forecasting tough times ahead. Honda saw an 86% decline in profits for the quarter ended March 31; Mitsubishi's were down 37%. Mazda bucked the trend, with a... More »

Top Rides of 2008

Popular Mechanics rolls out 2008's hottest rides

(Newser) - Popular Mechanics test drove a fleet of upcoming cars and trucks to conceive this list of 2008's best rides, in ten categories:
  1. Design: Nissan GT-R
  2. Value: Scion xB
  3. Energy efficiency: GMC Yukon Hybrid and Chevrolet Tahoe Hybrid
More »

Asian Traders Sweat New Dive

Fourth day of losses hits markets

(Newser) - Despite a late Wall Street rally yesterday, Asian stocks plummeted for the fourth day in a row—driven as much by panic as by any other factor. Toyota, Canon and Mitsubishi all slipped badly, along with the Morgan Stanley Capital International Asia-Pacific Index, which was off 1.8 percent, and... More »

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