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Mitsubishi CEO pledges to stay in U.S., wants to quadruple sales

Mitsubishi Motors Corp. President Osamu Masuko says the company won't pull out of the U.S. market and that his personal mid-range sales target is 200,000 units a year, or roughly four times today's level of 50,000.

Renault-Nissan and Mitsubishi to join forces

MITSUBISHI and the existing Renault-Nissan alliance are set to work together on a series of new cars. Discussions aren’t finished but as part of the deal Mitsubishi will get hold of a Renault chassis large enough to use as a base a full-size saloon for the North American market. The firms will also further develop an electric version of a Japan-only ‘kei car’.

Mystery new luxury British sportscar planned

The name David Brown is famously associated with Aston Martin, as the company was once owned by a British entrepreneur who is now immortalised in a series of “DB” model lines, including James Bond’s favourite DB5 and the current DB9. We digress. Now another David Brown is hoping to make his mark – or should that be marque – on the British luxury motoring scene by launching an all-new David Brown Automotive brand in April 2014.