Ghosn Puts on Third ‘Mr. Chairman’ Hat as Nissan Officially Requires Handle of Mitsubishi

2016 Mitsubishi Outlander

Mitsubishi has officially tied the knot with its savior, making Renault-Nissan chairman Carlos Ghosn the only automotive executive in the globe (and possibly the galaxy) to head 3 businesses.

The $ two.29 billion deal gives Ghosn’s Renault-Nissan alliance a 34 % controlling stake in Mitsubishi — a monetary lifeline for the struggling, scandal-plagued automaker. Currently, the company’s new chairman (and demoted former chair) have large, large plans for the Mirage maker.

Nissan-sized plans.

In addition to Ghosn plunking himself in the driver’s seat, 3 Nissan executives join Mitsubishi’s 11-member board. Trevor Mann, Nissan’s former chief performance officer, is now the new CEO. The automaker’s quite apologetic former chairman and president, Osamu Masuko, keeps his “president” title, but nothing else.

Of course, all of this job shuffling nevertheless demands the green light from Mitsu shareholders. That ought to come in December.

What does the entry into the Alliance imply for Mitsubishi? The world, apparently. Earlier this month, Ghosn stated the largest impact would be felt in America. By tapping into Renault-Nissan’s engineering prowess and adopting its platforms and engines, the influence on Mitsubishi will be “massive,” he claimed.

As Ghosn dreams up the ideal way to inject new product life into Mitsubishi, Masuko’s mind is on reputation and all-essential finances. In a statement, the organization president claims the deal will “rebuild client trust in our company and maximize potential future synergies,” with savings beginning proper off the bat.

He expects to recognize nearly a quarter-billion dollars in savings (“synergies” in executive speak) subsequent year alone, and predicts a profit margin boost of 5 % in the subsequent 3 years. Speaking at the announcement, Masuko said he desires the brand to reach exactly where Nissan is nowadays. Or attempt to, at least.

The deal’s positive aspects are not Mitsubishi’s alone. Nissan, which lags in the hybrid technologies department, gains its new partner’s sophisticated plug-in hybrid technique, which Ghosn says will become the regular of the alliance. That program is at the heart of the company’s Outlander PHEV, a wildly common model in Europe that’s on a extremely slow boat to the U.S.

Nissan also plans to make inroads in underperforming markets, which includes southeast Asia, exactly where a rebadged Mitsubishi minivan will quickly go on sale.

[Supply: Automotive News Europe] [Image: Mitsubishi Motors]

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If You Can Handle a Color From 1970, You Could Be Dodge Material

2016 Dodges in Go Mango

The paint — erm, act could be wearing thin.

In its latest nod to the heady and far-out past, Dodge will let you have your Challenger or Charger SRT 392 or Hellcat in its newest resurrected color, “Go Mango.”

Joining other blast-from-the-past(els) like “Plum Crazy,” Go Mango was offered for the first time on the 1970 Challenger — a legendary car from a truly great year, assuming you weren’t in Vietnam or a Jimi Hendrix fan.

If paint color has been holding you back from shelling out dough on a 707-horsepower car, the wait is over. Fiat Chrysler Automobiles says dealers can start taking orders immediately.

If some unlucky soul were to have traveled forward in time from 1970 (assuming they weren’t looking for surgery), the word “Fiat” in the company’s title probably wouldn’t be the only shocking thing about life in 2016.

In 1970, the Charger was strictly a two-door, but there were four other Dodge sedans to choose from: Monaco, Coronet, Polara and Dart. And the Dart actually sold, as opposed to being such a anchor that its parent is trying to have it adopted.

It’s an odd situation when a mainstream automaker finds itself only really satisfying the large (and fast) end of the market, but that’s where we are, at least until another automaker starts cranking out modern-day versions of the midsize Spirit or Stratus for FCA.

Still, if your best memories are from the pre-Environmental Protection Agency days of big displacement, big fuel consumption and big sideburns, chances are a classic nameplate mixed with retro colors and a huge horsepower figure is going to make you feel mighty happy.

And that makes you … Dodge Material.

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