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2,511 Posts
We are in dark days for sure for auto companies. I just got my newest MOTOR TREND. This is what they are saying.
"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.
"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.