Thursday, September 29, 2022
News Shareholders Want A New EVO But Mitsubishi Is Concentrating On EVs

Shareholders Want A New EVO But Mitsubishi Is Concentrating On EVs

With a focus on profitability, the rebirth of a Mitsubishi Evolution is unlikely

  • The promised return of Ralliart would have brought this on.

  • Mitsubishi plans to offer many new EVs by 2030.

Mitsubishi has been through tough times over the last few years, a timeline some think coincides with the demise of the flagship high-performance car. At a recent annual general shareholders meeting, calls for the EVO’s return were made.

As much as everyone would love to see a new Mitsubishi Evolution produced and sold, investing in such a vehicle makes little sense. As it stands, Mitsubishi is investing heavily in new electric vehicles.

Mitsubishi Motors in the UK announces details of its heritage fleet auction | Photo: Auto Auction

“Electrification costs a lot of development costs, and the company is still not strong enough, [sic]” Mitsubishi Motors’ CEO and President Takao Kato said. “We had a big deficit in the previous fiscal year, so we first revived the company [sic] and then put out the cars that fans are waiting for. I want to go [back to building the Evo too].”

These final words could indicate that a future EVO might be all-electric as thought by The Drive. The next step is Ralliart’s revival with the addition of two new performance models including one SUV.

Trending Now

The 2023 Nissan Ariya will Begin at $43,190 in the U.S.

The brand’s first electric crossover will be offered in six trim levels. The dual-motor AWD system will be optional. The longest-range version will...

The Mercedes-AMG GT is Officially Done

AMG confirms there will be a successor. The GT was a most successful supercar, more so than its predecessors including the SLS. We got...

The New Lamborghini Urus S Gets 666hp

This Urus needs only 3.5 seconds to reach 100km/h from a standstill. The engine tune is borrowed from the Urus Performante. Ultimate super SUV...

Rivian Failed to Get Certified by Transport Canada

This means the company can’t sell vehicles in Canada for now A report cites issues with units of measure, labels, noise and anti-theft...

Wards publishes its list of the 10 best powertrains for 2022

Earlier this week, Wards Auto released its list of the 10 Best Engines and Powertrain Systems of the past year. And as expected, electrification...
Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.