mitsu on the way down?

Old Jan 3, 2005 | 07:18 PM
  #1  
zumnwrx's Avatar
Thread Starter
VIP Member
iTrader: (6)
 
Joined: Feb 2003
Posts: 6,155
From: Alaska
Car Info: R.I.P 03 aspen white wrx
mitsu on the way down?

Everyone’s been saying Mitsubishi is on the verge of bankruptcy well here in town the local Mitsubishi dealership which sold allot of cars and was at once the top dealer in the central valley has closed from one day to the next...

haha i know cause my friend had a deal pending on a evo and when he decided to take the plunge the doors were locked and the inventory was being loaded up...

Needless to say he had to drive 50 miles into sac to get his car
edgar,
Old Jan 3, 2005 | 07:20 PM
  #2  
psoper's Avatar
250,000-mile Club President
 
Joined: Nov 2002
Posts: 4,770
From: Bizerkeley
Car Info: MBP 02 WRX wagon
Originally Posted by zumnwrx
...

Needless to say he had to drive 50 miles into sac to get his car
edgar,

just wait until he sees how far he's going to need to go for warranty service in a year!
Old Jan 3, 2005 | 07:22 PM
  #3  
zumnwrx's Avatar
Thread Starter
VIP Member
iTrader: (6)
 
Joined: Feb 2003
Posts: 6,155
From: Alaska
Car Info: R.I.P 03 aspen white wrx
Originally Posted by psoper
just wait until he sees how far he's going to need to go for warranty service in a year!
i know haha i told him dude they might be going bankrupt and told him about rumors concerning it and he was like "damn i hope not" all scared thinking hell be left out to dry on parts and service

lol
edgar,
Old Jan 3, 2005 | 07:32 PM
  #4  
Steven@Coach's Avatar
Registered User
 
Joined: Jun 2004
Posts: 966
From: Subabrew Crew
Car Info: 2011 WRX Hatchie
I read somewhere else here that Tracy Mistu had closed, is this what u are talking about?
Old Jan 3, 2005 | 07:49 PM
  #5  
Nick Koan's Avatar
VIP Member
iTrader: (3)
 
Joined: Feb 2003
Posts: 17,466
From: The BLC
Car Info: Legacy GT
Wait, is that the Mitsubishi dealership with that guy who sounds like he's gonna pass out after announcing each sale price?
Old Jan 3, 2005 | 07:54 PM
  #6  
Japsican's Avatar
Registered User
iTrader: (5)
 
Joined: Jan 2003
Posts: 350
From: Campbell
Car Info: 2012 DGM STi Sedan
What will probably happen to Mitsubishi is some other company will buy them out...I doubt they will completely fall off the face of the earth....Like I care though, I doubt I would ever buy one...
Old Jan 3, 2005 | 07:57 PM
  #7  
zumnwrx's Avatar
Thread Starter
VIP Member
iTrader: (6)
 
Joined: Feb 2003
Posts: 6,155
From: Alaska
Car Info: R.I.P 03 aspen white wrx
Originally Posted by Steven@Coach
I read somewhere else here that Tracy Mistu had closed, is this what u are talking about?
damn tracy too!!! nope modesto mitsu is the one i was talking about

edgar,
Old Jan 3, 2005 | 07:58 PM
  #8  
zumnwrx's Avatar
Thread Starter
VIP Member
iTrader: (6)
 
Joined: Feb 2003
Posts: 6,155
From: Alaska
Car Info: R.I.P 03 aspen white wrx
Originally Posted by Japsican
What will probably happen to Mitsubishi is some other company will buy them out...I doubt they will completely fall off the face of the earth....Like I care though, I doubt I would ever buy one...
well they did fall off the face of the US continent for some years a while back... so it could happen again

edgar,
Old Jan 3, 2005 | 08:00 PM
  #9  
zumnwrx's Avatar
Thread Starter
VIP Member
iTrader: (6)
 
Joined: Feb 2003
Posts: 6,155
From: Alaska
Car Info: R.I.P 03 aspen white wrx
but you know what... there tvs still are the best on the market IMO

edgar,
Old Jan 3, 2005 | 08:02 PM
  #10  
psoper's Avatar
250,000-mile Club President
 
Joined: Nov 2002
Posts: 4,770
From: Bizerkeley
Car Info: MBP 02 WRX wagon
Actually the parent company is one of the biggest corporations in the world, so it's unlikely they'll get "bought" by anyone else.

And I think its unlikely that they'll drop out of the US auto market, but they made some seriously flawed business decisions over the last couple of years and it is going to take time for them to come back from that, but they are trying hard.
Old Jan 3, 2005 | 08:53 PM
  #11  
IS2Scooby's Avatar
Pr0n King
iTrader: (3)
 
Joined: Nov 2002
Posts: 26,618
From: The Land of Rocks
Car Info: Turncoat Turbo
http://www.suntimes.com/output/auto/car-news-mit13.html
__________________
Best Car Insurance | Auto Protection Today | FREE Trade-In Quote
Old Jan 3, 2005 | 08:58 PM
  #12  
HomerJay's Avatar
Registered User
iTrader: (3)
 
Joined: Nov 2002
Posts: 2,706
From: Santa Rosa
Car Info: MY00RS25
Originally Posted by psoper
Actually the parent company is one of the biggest corporations in the world, so it's unlikely they'll get "bought" by anyone else.

And I think its unlikely that they'll drop out of the US auto market, but they made some seriously flawed business decisions over the last couple of years and it is going to take time for them to come back from that, but they are trying hard.
I believe Dimler/Chrysler has been trying to unload their share of the company for the last year. Unfortunately, nobody wants to buy it and inherit the huge debt Mitsu has occrued. Like most of their cars, nobody wants it. (Except maybe the EVO of course)
Old Jan 3, 2005 | 09:01 PM
  #13  
zumnwrx's Avatar
Thread Starter
VIP Member
iTrader: (6)
 
Joined: Feb 2003
Posts: 6,155
From: Alaska
Car Info: R.I.P 03 aspen white wrx
thank you... that explains allot of what were seeing and will be seeing from the company
edgar,
Old Jan 3, 2005 | 10:08 PM
  #14  
oct1285's Avatar
Registered User
iTrader: (8)
 
Joined: Jun 2004
Posts: 744
From: Bay Area
Car Info: iono nemore
"Hyundai had to start from the ground up in the 1980s by switching from marginal to solid vehicles, but Mitsubishi doesn't have that problem because its vehicles are good to begin with. If anything, they're overbuilt,'' Wangers said."

overbuilt?
Old Jan 3, 2005 | 10:16 PM
  #15  
Zoeb2s's Avatar
I <3 White Girls
iTrader: (38)
 
Joined: Nov 2002
Posts: 26,491
From: Danville, CA
Car Info: E92 M3, E70, F32, E21
Originally Posted by oct1285
"Hyundai had to start from the ground up in the 1980s by switching from marginal to solid vehicles, but Mitsubishi doesn't have that problem because its vehicles are good to begin with. If anything, they're overbuilt,'' Wangers said."

overbuilt?
Sup October

Thread Tools
Search this Thread

All times are GMT -7. The time now is 11:57 AM.