After much speculation going around for the past 24 hours, it has been confirmed that Nissan is now taking over Mitsubishi. This follows after the latter has been plagued with issues for the past couple of years. The most recent of which is the scandal concerning falsified vehicle fuel economy ratings. Because of this chain of events, shares of Mitsubishi Motors have already plunged 43% since April 19. This further knocked down the frail auto manufacturer that has already been bailed out by its parent company previously.
In the move led by head honcho Carlos Ghosn, Nissan has already bought shares from Mitsubishi making it the largest shareholder of the latter. It now holds a 34% stake valued at 2.2 billion dollars. Both automakers eye joint efforts in developing new platforms and technology and sharing production plants for future models.
Despite the inevitable event, Mitsubishi has been able to produce memorable vehicles in the motoring world. The most popular of which is the 10 generations of the coveted Lancer Evolution. The Evo created a following both in motorsports and import tuner scene. However, its production came to a halt last year due to a shift of goals within the company.
But let’s not forget about the Pajero Evolution and the Galant VR4 as well. These vehicles were equally capable and known to give out a great performance for enthusiasts.
One of the tech that spawned from the Japanese automaker is the MIVEC (Mitsubishi Innovative Valve timing Electronic Control) that was first used in the 1.6-liter 4G92 DOHC engine block during the early ‘90s. This system adjusts the timing of the intake and exhaust camshafts to optimize the engine capabilities on drives.
During the same period, Mitsubishi also developed the INVECS (Intelligent & Innovative Vehicle Electronic Control System). This allowed the automatic transmission to adjust its shift patterns to the owner’s driving behavior. It was able to accomplish the feat with the help of sensors and fuzzy logic integrated into the system.
Now, it’s only a matter of time before new Mitsubishi vehicles are developed under the watchful eye of Nissan. Stay tuned.