Latest news with #Mitsubishi
GMA Network
12 hours ago
- Automotive
- GMA Network
PCC clears Mitsubishi's 50% acquisition of GCash ultimate parent firm
The Philippine Competition Commission (PCC) on Thursday announced it has cleared the proposed joint venture between Ayala Corporation and Japanese mega-conglomerate Mitsubishi Corporation. In particular, Mitsubishi is acquiring a 50% stake in Ayala's AC Ventures Holding Corporation. In approving the proposed transaction, the antitrust watchdog said Mitsubishi's investment in AC Ventures would not significantly reduce competition in the relevant market for the provision of Quick Response code-based digital payments to merchants. AC Ventures will be jointly controlled by Ayala and Mitsubishi post-transaction. The company is Ayala's venture capital arm, the parent company Globe Fintech Innovations Inc. (Mynt), which in turn is the firm behind GCash operator G-Xchange Inc. and tech-based microlender Fuse Lending. The PCC, in its decision, cited "the small market share held by GCash in the provision of QR-based Person-to-Merchant payments, as well as the strong governmental push for interoperability in QR-based payments across the country." While Mitsubishi indirectly owns convenience store chain Lawson Philippines, which accepts QR code-based payments from consumers, the antitrust watchdog said it has limited presence and that the transaction would not result in substantial lessening of competition, according to PCC. Person-to-merchant payments, through the use of QR codes, enables businesses to accept digital payments from consumers for goods and services that the business sells. The Philippine Competition Act mandates the PCC to review mergers and acquisitions to ensure transactions do not lead to a substantial lessening of competition in relevant markets. — VDV, GMA Integrated News
Perth Now
18 hours ago
- Perth Now
Next move in German backpacker saga
Weeks after a lost German backpacker was rescued from the remote Western Australian outback, her abandoned van has been recovered by local farmers. Carolina Wilga had seemingly vanished after she left the tiny township of Beacon, about 300km northeast of Perth, in her black and silver Mitsubishi camper van on June 29. Her van was located almost 150km from Beacon, bogged in a thick patch of isolated scrub on the Karroun Hill reserve, and Ms Wilga herself was rescued a short time later. Several weeks later, a group of determined locals have recovered Ms Wilga's abandoned vehicle. Ms Wilga was found 'ravaged by mosquitoes' and severely disoriented according to WA Police. 7News Credit: Channel 7 A video posted to the community-run Wheatbelt Way Facebook page documents the Sprigg family's efforts to remove the vehicle from the bush. 'Thank you to the Sprigg family for retrieving missing backpacker Carolina Wilga's van,' the post said. 'The community spirit in the Wheatbelt Way is unmatched.' Fred Sprigg, a member of the family who recovered the camper van, posted a comment on the video describing the recovery effort as an 'expensive exercise'. 'Was a community effort. Don't like leaving rubbish in the bush,' he said. It is understood the recovery operation took three days to complete, and Ms Wilga's friends in WA are expected to collect the vehicle so it can be returned to its owners. Ms Wilga's van had remained stranded in the bush since her rescue. 7 NEWS Credit: Channel 7 Ms Wilga was missing for 12 days, with her disappearance sparking an enormous search effort and capturing national attention. After almost two weeks of searching, the 26-year-old was found walking along the road about 24km away from her van by local Tania Henley, who described it as a 'miracle'. In a statement after her rescue, Ms Wilga explained she had got lost after losing control of her van and getting a knock to her head that left her confused. She said: 'First and foremost, I want to express a huge thank you from the bottom of my heart - a thank you that truly comes from the depths of my soul!' Ms Wilga was transported to Perth for treatment before returning to Germany.
Auto Blog
21 hours ago
- Automotive
- Auto Blog
The Mitsubishi Destinator is the Outlander We Should've Had
By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Yet another great model we won't get We showed you the new Mitsubishi Destinator 7-seater SUV a few days ago. Rather than being a fifth member of the rather small North American Mitsubishi lineup (Outlander, Outlander PHEV, Outlander Sport, Eclipse Cross), the Destinator will be sold in overseas markets but won't make it to our shores, and that's too bad. Most of the Mitsu lineup is getting long in the tooth. The Outlander Sport has been around unchanged since 2011, and the Eclipse Cross is now eight years into its first generation. That's old. Only the Outlander and Outlander PHEV are relatively new, but no one takes its third row seriously because it's just too damn small. Limitations of the Mitsubishi Outlander 2022 Mitsubishi Outlander — Source: Mitsubishi In its current form, the Outlander has great first and second-row seating. Especially in higher trims, the appointments look and feel premium. You can get all-wheel drive, heated and ventilated front seats, aluminum pedals, wireless Apple CarPlay/Android Auto, 12.3-inch infotainment and instrumentation, a 10.8-inch head-up display, panoramic sunroof, and diamond-stitched, high-grade leather seats. It's a big step up from the last Outlander, but the third row is much smaller than the generation before it. Legroom in the 2025 Outlander is a measly 18.7 inches, making it virtually unusable by anyone other than kids, and that's just for short trips. Even Mitsubishi says that the Outlander's third row is meant for occasional use only. They're not kidding. I wouldn't stick my 8-year-old son back there for more than a 20-minute trip, and that's only if I was mad at him. 2022 Mitsubishi Outlander Even if the Outlander's third row is tiny, the Outlander and Outlander PHEV are the brand's best sellers, accounting for half of total brand sales. Sales were up 6.5 percent last year compared to 2023, and it's outselling other SUVs like the Nissan Murano and the Acura RDX. Clearly, the Outlander isn't losing sales, but it's also not where it could be. Our guess is that the interior size limitations hamstring its potential. We think a Mitsubishi with a larger third row would fare even better. Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. What's great about the Destinator 2026 Mitsubishi Destinator — Source: Mitsubishi The Destinator is meant as a family-friendly people hauler rather than an off-road beast or a performance-focused SUV. The Destinator's exterior isn't bigger than the Outlander's, but one dimension changes significantly. With a significantly longer wheelbase (110.8 inches) than the 3-row Outlander (106.5 inches), the Destinator promises to provide more legroom than the Outlander's. Even if the Destinator gets just 3 more inches of legroom, that will help matters tremendously. The Destinator is designed to offer more third-row legroom compared to the Mitsubishi Outlander, and that's what counts for American families. Mitsubishi DST Concept — Source: Mitsubishi Essentially, the Destinator is the production version of the 2024 Mitsubishi DST concept (photo above). Really, only the pillars, door handles, and side mirrors look different. It's a rather attractive SUV for not much money (around $19,000 USD). It's attractive inside and out, with styling that's rugged and modern. Frankly, we can't think of another SUV sold in America that looks this good for the same price. The Chevy Trax comes close, but that's a smaller two-row. The Outlander's daring front fascia, based on the Engelberg Tourer concept, is what draws customers in addition to its affordable $30k price tag, but we think the Destinator looks better. It has more modern headlights and DRLs, a more attractive grille, and a taller, more upright greenhouse. 2026 Mitsubishi Destinator The downside is that the Destinator is FWD only, so shoppers who want better foul-weather traction might balk at it. In terms of power, the Destinator has a single power source: a turbocharged 1.5-liter four-cylinder gasoline engine good for 161 horsepower and 184 lb-ft. of torque. The engine is mated to a continuously variable transmission (CVT). The Outlander has a 2.5-liter 4-cylinder engine, producing 181 horsepower and 181 lb-ft. of torque powering the front wheels via a CVT. All-wheel drive is optional. The Destinator's design is more about overall comfort for passengers, namely in rows two and three. It seems like Mitsubishi is making a deliberate effort to improve upon the Outlander's cramped third-row seating. Final thoughts We get that bringing the Destinator to America would probably cannibalize Outlander sales, and that wouldn't be good. The issue is that Americans need bigger third rows. Toyota built the Grand Highlander because customers thought the Highlander's third row wasn't big enough. The Mazda CX-90 replaced the CX-9 and its smaller third row. The VW Tiguan ditched its small-ish three-row setup. Even if the Destinator's third row legroom turns out to be just 21 or 22 inches, that's an upgrade from the Outlander's. The Destinator is the vehicle we should've gotten. More affordable, bigger, better looking, and probably more efficient… a recipe for success. About the Author Amos Kwon View Profile
ABC News
a day ago
- General
- ABC News
Wheatbelt farmers retrieve German backpacker Carolina Wilga's van
Farmers in Western Australia's Wheatbelt have retrieved Carolina Wilga's abandoned van, weeks after the backpacker survived 12 days missing in the outback. Friends and family of the 26-year-old raised the alarm after she had not been heard from for some days. She was eventually found safe and well when she waved down a community member who happened to be driving along a rarely used track. She returned home to Germany after receiving initial medical treatment in Perth. But her Mitsubishi van remained bogged in the remote Karroun Hill Nature Reserve, where she abandoned it in a "state of confusion". Local farmer and bushfire brigade captain Andrew Sprigg chose to retrieve the vehicle so the bush was not "full of rubbish". With his farm one of the closest to the reserve, Mr Sprigg used his knowledge of the area to help retrieve the van. "I have ridden [around Karroun Hill reserve] many times, so am familiar with the area," he said. Mr Sprigg said the track was "very overgrown" with some "storm-fallen trees", which made the retrieval mission complex. The loader he used to move the vehicle was damaged by a stick through a tyre. "I ended up having to drive the loader 100 kilometres on the weekend," he said. "Took three days in total, with support from light vehicles and some bikes to find the best route." Given the difficulty, Mr Sprigg said there were moments he questioned why he was choosing to go through all of the effort. The Department of Biodiversity, Conservation and Attractions, which manages the removal of abandoned vehicles from WA reserves, thanked the brigade for its assistance. Ms Wilga's friends in WA are expected to collect the vehicle.
ArabGT
2 days ago
- Automotive
- ArabGT
Mitsubishi Bows Out of the Chinese Market
In a move that feels less like strategy and more like surrender, Mitsubishi has officially withdrawn from the Chinese market. It's a stunning admission of defeat in the world's most competitive and influential automotive arena—a place where success can elevate a brand globally, and failure can end it. For Mitsubishi, China was once the land of promise. A place to regain lost ground and reassert relevance. But after years of dwindling sales and fading presence, that dream has come to an end. The company's factory, built through a joint venture with GAC Motor, is shutting down. The hopes it once had are now just part of a long list of what could've been. China is no longer just a huge market—it's the heartbeat of the industry. With over 25 million cars sold each year, it's where the future is written. Mitsubishi's numbers? Fewer than 4,000 vehicles sold in Q1 of 2023. That's not a foothold—that's a freefall. So, What Went Wrong? Quite a few things, but three stand out: The EV Revolution Passed Them By : While local giants like BYD and newcomers like Xpeng stormed the market with affordable and innovative electric cars, Mitsubishi was stuck in neutral. Design That Didn't Speak to Today's Buyer : Their models looked and felt outdated next to the tech-packed, design-forward offerings from Chinese brands. A Strategy That Never Took Root: The partnership with GAC lacked chemistry, and Mitsubishi failed to craft a message or product lineup that truly connected with Chinese consumers. What About the U.S.? Things aren't as dire, but they're not encouraging either. Mitsubishi is phasing out the Mirage—its most budget-friendly model—and raising prices in the face of rising tariffs. It's betting on a new roadmap called 'Momentum 2030,' which includes an upcoming EV co-developed with Nissan. But we're talking 2026 at the earliest, and details are still vague. Europe's Hope Rides on Renault In Europe, Mitsubishi is leaning heavily on its Renault alliance, bringing back models like the ASX and Colt—but not really. These are Renaults in disguise, and while that might fill the lineup, it doesn't do much for brand identity. Real momentum may come in 2025 or 2026 with the debut of a new electric crossover, but that too remains a question mark. Is There Still a Way Forward? Mitsubishi isn't dead—not yet. It still has loyal buyers in Southeast Asia and Latin America. But survival now depends on more than just holding on. It needs: A full-throttle move into electric and hybrid technology—no more delay. Cars that are bold, fresh, and unmistakably Mitsubishi. Real synergy with Nissan and Renault—shared vision, not just shared parts. The exit from China might look like a closing chapter, but it could also be a wake-up call. The world isn't waiting. Neither should Mitsubishi.
