Warren Buffett's Berkshire Hathaway increased its stakes in Japanese trading houses Mitsubishi and Mitsui, signaling confidence and prompting share price gains, with Berkshire's holdings approaching but not exceeding 10%, as the firms focus on shareholder returns and portfolio management.
Australia has selected Mitsubishi Heavy Industries over Thyssenkrupp for a $6.5 billion deal to build up to 11 frigates, marking Japan's first major export of warships and strengthening Australia-Japan strategic ties amid regional tensions.
Mitsubishi Corp is in negotiations to acquire Aethon Energy's US shale production and pipeline assets for approximately $8 billion, which would expand its natural gas operations along the US Gulf coast, though no deal has been finalized yet.
Mitsubishi is in advanced negotiations to acquire Aethon Energy for nearly $8 billion, which would be its largest ever deal, involving Aethon's natural gas and midstream assets, with potential announcements in the coming months.
Mitsubishi's Eclipse has had its share of highs and lows, from the legendary second-generation models that were ideal for modifications and popular in the street scene, to the early '90s models that laid the foundation for front-wheel-drive fun. However, the fourth-gen car saw a pivot to the crossover market, and the recent attempt to revive the Eclipse name with a subcompact crossover has been met with skepticism.
Automakers have been guilty of diluting their iconic badges for the sake of marketing value and profit. Ferrari's SF90 XX dilutes the essence of previous XX vehicles by being a road-legal car, while the Mitsubishi Eclipse Cross fails to capture the excitement of its predecessor. The Chevrolet Blazer lacks the capabilities of the original truck-based SUV, and the BMW XM is a cash grab that falls short of being a true M car. Lastly, the Ferrari 599 GTO misuses the GTO name, which historically referred to road cars modified for on-track competition.
Asia-Pacific markets fell as investors await U.S. inflation figures. Economists expect inflation to have increased 0.4% month-over-month in April, and 5% year-over-year. Nintendo's revenue fell 5.5% YoY due to a fall in sales for its flagship Nintendo Switch console. Mitsubishi Corp posted a record net profit of 1.18 trillion yen ($8.72 billion) for its financial year ended March. South Korea's seasonally adjusted unemployment rate came down to 2.6% in April, lower than the 2.8% recorded in April 2022.
There are only three new cars available for less than $20,000 in the US market, and automakers are ignoring people who don't have a lot of money to spend on a car. The average price of a new car is down about $500, to $48,008, but there are still a tiny handful of affordable options out there, including the Mitsubishi Mirage, Kia Rio/Rio5, and Nissan Versa. However, none of these are selling particularly well, and it's hard to imagine a future for cheap subcompact cars like these in America.
A Bluetooth adapter has been developed by Jeff Lau that allows a 1990s car phone to connect to a modern smartphone. The adapter is a plug-in module that hooks up to the phone’s base station in the trunk and communicates directly with all the existing systems. The main components of the upgrade kit are a BM62 Bluetooth module that connects to a modern phone, a PIC18F27Q43 microcontroller to implement the car phone’s interface and menus, and several analog chips to process the audio. The project’s GitHub page documents all of the findings, making it easy for anyone with a similar system to implement their own upgrades.
This 2008 Mitsubishi Evolution X GSR is a softer-edged version of its predecessors, but still packs a punch with its high-output turbo four, close-ratio gearbox, and all-wheel drive. The car has 160,000 miles and is equipped with an AEM cold air intake, aftermarket shift knob, and upgraded stereo. The bodywork and interior are in good condition, and the car has a clean title and current smog certificate. The asking price is $17,500, and buyers must decide if it's worth the cost for this rally-ready sports car with a manual transmission.