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Car Forum / Mitsubishi Cars / June 2004

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Is it safe to buy an Evo w/ Mitsu's financial instability?

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DragonRider - 10 Jun 2004 15:04 GMT
I was planning to get an Evolution VIII MR or an STi in the
August/September time frame. I've driven both and I prefer the Evo's
looks and more important, the razor sharp steering which is the
closest to the go-kart response as I have ever found.  The Subie
certainly has the better interior though with the MR getting most of
the things that the Evo was missing (6-speed, active diff's, etc) the
line was blurred.

Simple question: What are the odds of buying a car and suddenly
finding myself in the same boat as someone who bought a Daewoo? You
know, those unfortunate souls who bought a $17k car and found
themselves on a $2,500 car when the company pulled out of the US.  It
doesn't help when even the local newspapers are saying Mitsu is broke,
Chrysler didn't help with their cash infusion and is actually trying
to dump the 37% stake it has, MHI (Mitsu Heavy Industries) isn't
planning to bail them out, etc...  

Guess I'll just have to wait and see if they are still there in
August...
H. Brown - 10 Jun 2004 18:56 GMT
>finding myself in the same boat as someone who bought a Daewoo? You
>know, those unfortunate souls who bought a $17k car and found
>themselves on a $2,500 car when the company pulled out of the US.  It

FWIW, people on evolutionm.net are already reporting-- in the U.S.-- that
Mitsubishi has undertaken an active, managed effort to void EVO 8 warranties.

This effort appears to involve searching newsgroups, websites, of course
evolutionm.net postings, and includes looking at rosters of competitors at
amateur racing events such as SCCA, possibly even noting license plates and
VINs at tracks, looking for ways to get out of warranty coverage.  

Personally, I don't believe *ALL* of that, but there's a heck of a lot of smoke
on this issue.

Read:

http://forums.evolutionm.net/showthread.php?t=83525
DragonRider - 11 Jun 2004 03:15 GMT
>>finding myself in the same boat as someone who bought a Daewoo? You
>>know, those unfortunate souls who bought a $17k car and found
[quoted text clipped - 14 lines]
>
>http://forums.evolutionm.net/showthread.php?t=83525

Interesting... It's almost as bad as a Chrysler 7/70 warranty. That
one is void upon actually trying to start the car... <sigh>

Hi, Subaru? Got my STi ready yet?
 
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