2013 Mitsubishi Lancer Es on 2040-cars

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Mitsubishi hopes to raise $2.5B with stock sale

Mitsubishi, which dates all the way back to 1870, is one of the oldest business collectives in Japan. Today, the various businesses that share the Mitsubishi name are largely independent of each other. The automotive unit, however, has fallen on hard times over the past few years.
Back in 2004 and 2005, Mitsubishi Motors sold billions of preferred shares to sister companies like Mitsubishi UFJ Financial Group, Mitsubishi Heavy Industries and Mitsubishi Corp. Now the automaker is preparing to buy back those shares, only to raise the capital, it's selling $2.5 billion worth of shares, simultaneously paying stock dividends for the first time in over 16 years.
The stock issue will reportedly include as many as 241 million shares at a value of $10.73 each. The move is part of a long-term reorganization being implemented by the automaker's president Osamu Masuko, and is expected to help the company double its net income and eliminate all outstanding preferred shares by the end of the fiscal year closing in March.

2013 Mitsubishi Outlander Sport recalled over brake lamps

Mitsubishi is recalling certain 2013 Outlander Sport models for a couple of brake-related reasons. According to the National Highway Traffic Safety Administration, the brake lamps may illuminate continuously or intermittently. On top of that, the NHTSA report states that the vehicle's shift lever could be moved out of the Park position without depressing the brake pedal.
A total of 4,539 Outlander Sport models are being recalled for these issues. All of the affected vehicles were built between June 11 and September 11, 2012.
Obviously, both of these issues can be hazardous. If the brake lamps do not illuminate properly, other vehicles may not realize that the car is stopping. And if the shift lever can be moved from Park without touching the brake pedal, the vehicle could roll away unexpectedly.

Mexican police seize engine-powered drug cannon

It seems like we're always hearing about new ways in which people are trying to smuggle things into the US from Mexico - including simply driving over the wall. Case in point? Mexican police have found yet another way criminals are attempting to get drugs over the border. Mexicali police have seized what looks to be either a Mitsubishi Mighty Max or Dodge Ram 50 pickup, equipped with what is essentially an oversized spud gun in the bed used to shoot marijuana over the border.
Constructed from a metal tank and a large plastic pipe, The Guardian reports that this drug cannon actually uses a car engine to build up enough air pressure to launch up to 13 kilos of marijuana at a time. Mexicali police were alerted to this truck when their US counterparts found drug packages on this side of the border. As of yet, there is no word as to how the vehicle was caught and whether any arrests resulted.