| ANZAC_1915 | 11-14-2003 07:35 PM |
Mitsubishi out of SCCA ProRally for 2004
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[url]http://www.scca.com/news/press03_147.html[/url]
| johnfelstead | 11-14-2003 07:45 PM |
bugger.
| WRXedUSA | 11-14-2003 08:11 PM |
Sad. I thought they were grooming Lancer buyers off that.
Suby has the commitment.
edit: John PM to you
Suby has the commitment.
edit: John PM to you
| mykrrrr | 11-14-2003 08:21 PM |
WTH??? :(
I think that was a bad move on their part. They've shown what the Lancer EVO can do in competition but now won't back the rivalry btw Subaru and Mitsu. :(
Did Pasi scare them off??? I hope Diggins/Barritt will still come over and run.
Damn you Mitsu...now I'm not buying an EVO. :furious:
-mykr.
I think that was a bad move on their part. They've shown what the Lancer EVO can do in competition but now won't back the rivalry btw Subaru and Mitsu. :(
Did Pasi scare them off??? I hope Diggins/Barritt will still come over and run.
Damn you Mitsu...now I'm not buying an EVO. :furious:
-mykr.
| thechickencow | 11-14-2003 08:37 PM |
Wow...that really sucks.
I thought announcing the EVO RS was a total step in the opposite direction of this announcement for Mitsu.
I thought announcing the EVO RS was a total step in the opposite direction of this announcement for Mitsu.
| ANZAC_1915 | 11-14-2003 08:51 PM |
Actually the EVO RS is probably a good deal for someone prepping a Grp N car for next year...
| WRXMaster | 11-14-2003 09:27 PM |
who would want to build a group n evo car if there is no contingency money?
| ANZAC_1915 | 11-14-2003 09:31 PM |
There was some discussion about this on specialstage, if they can't afford a full season, it would be nice if they tossed in some contingency money.
Of course the question on everyone's lips is: Subaru still in ProRally for 2004?
Of course the question on everyone's lips is: Subaru still in ProRally for 2004?
| MNbiker | 11-14-2003 09:44 PM |
[QUOTE][i]Originally posted by Glenn Wallace [/i]
[B]Of course the question on everyone's lips is: Subaru still in ProRally for 2004? [/B][/QUOTE]
Subaru already announced INCREASED commitments to ProRally for 2004, including Ramana & Pasi coming back as drivers.
[url]http://www.scca.org/news/press03_145.html[/url]
[B]Of course the question on everyone's lips is: Subaru still in ProRally for 2004? [/B][/QUOTE]
Subaru already announced INCREASED commitments to ProRally for 2004, including Ramana & Pasi coming back as drivers.
[url]http://www.scca.org/news/press03_145.html[/url]
| dwx | 11-14-2003 09:46 PM |
Guess the manufacturer title is a shoe-in next year! :D :D
| ANZAC_1915 | 11-14-2003 10:05 PM |
[QUOTE][i]Originally posted by MNbiker [/i]
[B]Subaru already announced INCREASED commitments to ProRally for 2004, including Ramana & Pasi coming back as drivers.
[url]http://www.scca.org/news/press03_145.html[/url] [/B][/QUOTE]
Yeah, and the SCCA had announced a Partnership Bonus Program for 2004 which included money from
Mitsu:
[url]http://www.scca.com/news/press03_135a.html[/url]
[B]Subaru already announced INCREASED commitments to ProRally for 2004, including Ramana & Pasi coming back as drivers.
[url]http://www.scca.org/news/press03_145.html[/url] [/B][/QUOTE]
Yeah, and the SCCA had announced a Partnership Bonus Program for 2004 which included money from
Mitsu:
[url]http://www.scca.com/news/press03_135a.html[/url]
| Kuro | 11-14-2003 10:48 PM |
Would this move have anything to do with the $700+ million loses they suffered from the non performing loan returns from EVO buyers?
| akuhner | 11-14-2003 11:02 PM |
So Higgins can just go back home and rally, but what are Laughlin and Christian going to do? And who will Vermont Sports Car wrench for? What happens to that sweet 18 wheeler?! This is really bad for the sport, I don't care how they spin it there's not much point in Subaru contesting it when there is no other factory to contest...
| ANZAC_1915 | 11-14-2003 11:11 PM |
[QUOTE][i]Originally posted by Kuro [/i]
[B]Would this move have anything to do with the $700+ million loses they suffered from the non performing loan returns from EVO buyers? [/B][/QUOTE]
More info?
[B]Would this move have anything to do with the $700+ million loses they suffered from the non performing loan returns from EVO buyers? [/B][/QUOTE]
More info?
| ForceFed4 | 11-14-2003 11:22 PM |
[QUOTE][i]Originally posted by Kuro [/i]
[B]Would this move have anything to do with the $700+ million loses they suffered from the non performing loan returns from EVO buyers? [/B][/QUOTE] Based on nothing but logic I would say so.
For those unaware, Mitsubishi reported $740 million in losses for the first half of the fiscal year. This is a huge disaster for the company, and they claim that weak sales here in NA, combined with many North American buyers defaulting on their loans (They had offered this "buy now, pay nothing & no interest for a year" deal) as the primary causes. Apparently many people couldn't handle the payments once they had to start making them and defaulted. Probably none of these are EVO owners, but none the less, it's bad.
Apparently, this year was supposed to be the third and final year of a 3-year "recovery" plan, which seems to pretty much be in the toilet now.
My guess is that they're cutting nonessential things, and unfortunately, ProRally is one of them.
Too bad, really, but after fiscal performance like that it's hardly surprising.
I would guess this will stunt any plans they had to re-enter WRC as well, for at least a year.
[B]Would this move have anything to do with the $700+ million loses they suffered from the non performing loan returns from EVO buyers? [/B][/QUOTE] Based on nothing but logic I would say so.
For those unaware, Mitsubishi reported $740 million in losses for the first half of the fiscal year. This is a huge disaster for the company, and they claim that weak sales here in NA, combined with many North American buyers defaulting on their loans (They had offered this "buy now, pay nothing & no interest for a year" deal) as the primary causes. Apparently many people couldn't handle the payments once they had to start making them and defaulted. Probably none of these are EVO owners, but none the less, it's bad.
Apparently, this year was supposed to be the third and final year of a 3-year "recovery" plan, which seems to pretty much be in the toilet now.
My guess is that they're cutting nonessential things, and unfortunately, ProRally is one of them.
Too bad, really, but after fiscal performance like that it's hardly surprising.
I would guess this will stunt any plans they had to re-enter WRC as well, for at least a year.
| Mopho | 11-14-2003 11:38 PM |
Yes, that is exactly the case. It has nothing to do with the SCCA or the state of Pro Rally and everything to do with a new CEO trying to save a company
| thechickencow | 11-15-2003 12:46 AM |
[QUOTE][i]Originally posted by Glenn Wallace [/i]
[B]Actually the EVO RS is probably a good deal for someone prepping a Grp N car for next year... [/B][/QUOTE]
Thats what I meant...
With somebody looking to prep an EVO, the announcement of the RS seemed to be Mitsu showing that they were supporting that. This announcement is exactly teh opposite of what was expected.
Jay
[B]Actually the EVO RS is probably a good deal for someone prepping a Grp N car for next year... [/B][/QUOTE]
Thats what I meant...
With somebody looking to prep an EVO, the announcement of the RS seemed to be Mitsu showing that they were supporting that. This announcement is exactly teh opposite of what was expected.
Jay
| Mopho | 11-15-2003 01:02 AM |
It is my understanding that you can't use the RS or the Evo 8 for that matter as it is not homolgated for Group N. The RS has no active center diff (needed to homolgate for Group N) no rear wing (needed) and tarmac spec brakes (no tarmac in the US) so you still can't use the car in anything but open class. So clearly they were not thinking about rally when they produced the RS
Maybe they are thinking the RS is a good way to save money on aircon units and electric window lifts
Maybe they are thinking the RS is a good way to save money on aircon units and electric window lifts
| nate49509 | 11-15-2003 02:44 AM |
I think Ford should step up support Tim O'Neil. He's shown that he's very competitive. Is Mitsu coming back to WRC in 2004 or is that off too?
| Mopho | 11-15-2003 02:46 AM |
Tim announced his retirement from competition at the end of this year
| MK19 | 11-15-2003 03:14 AM |
DAMN! What a year for rallying eh gang? Wrecks, deaths, difficult spectating and now competition is dropping out. I am so bummed...:(
| nate49509 | 11-15-2003 03:19 AM |
[QUOTE][i]Originally posted by Kopf_Jager [/i]
[B]DAMN! What a year for rallying eh gang? Wrecks, deaths, difficult spectating and now competition is dropping out. I am so bummed...:( [/B][/QUOTE]
Thats rally. Maybe you should watch Nascar.:devil:
[B]DAMN! What a year for rallying eh gang? Wrecks, deaths, difficult spectating and now competition is dropping out. I am so bummed...:( [/B][/QUOTE]
Thats rally. Maybe you should watch Nascar.:devil:
| Kostamojen | 11-15-2003 03:31 AM |
Im not surprised, just look at the rest of mitsu's lineup other than the EVO... Nothing much to look at if you know what I mean...
| dwx | 11-15-2003 09:07 AM |
They just announced the drivers for the upcoming WRC season less than 10 days ago, so I don't think they are going to pull out now. The WRC gives them alot of exposure to alot of people, ProRally gives them little exposure to a bunch of people that are already very very familiar with what they make.
| cvalle-sd | 11-15-2003 03:14 PM |
Mitsubishi has been back and forth financially for more than 10 years - I'm sure they are going to act decisively to protect the core business.
Why couldn't I get that loan deal...:( oh, yeah.
Why couldn't I get that loan deal...:( oh, yeah.
| Thug | 11-21-2003 10:16 PM |
[QUOTE][i]Originally posted by Car #187 [/i]
[B]there's not much point in Subaru contesting it when there is no other factory to contest... [/B][/QUOTE]
Yep. They're not going to prove much besides what everyone already knows. Which is that importing more experienced drivers from Europe and throwing them into cars worth 3 and 4 times the privateers' cars and you can win.
[B]there's not much point in Subaru contesting it when there is no other factory to contest... [/B][/QUOTE]
Yep. They're not going to prove much besides what everyone already knows. Which is that importing more experienced drivers from Europe and throwing them into cars worth 3 and 4 times the privateers' cars and you can win.
| Smelli Bugatti | 11-28-2003 07:15 PM |
Well at least Mitsu is RE-joining the WRC
| firedog25 | 11-29-2003 02:08 AM |
What's the deal? Are they developing the SCCA car this year like they did the WRC car last year?
The re-enter the WRC realm and exit the SCCA. What gives? It's really not like the company is hemmoraging money.
The re-enter the WRC realm and exit the SCCA. What gives? It's really not like the company is hemmoraging money.
| Smelli Bugatti | 11-29-2003 10:16 AM |
The WRC was seen by millions the SCCA Pro Rally was seen by just the people on this message board. It would be the right thing for a company in trouble to use its limited money to race for the bigger crowd$. I wish Rally were more popular in USA and a team a year would be joining SCCA and not leaving.
| Mopho | 11-29-2003 11:38 AM |
Actually, Mitsubishi leaving had nothing to do with the popularity of SCCA Pro Rally. As a matter of fact the people who ran the team had big plans for 04 and were shocked that the program got cancelled.
Mitsubishi USA and Mitsubishi Worldwide are for the most part separate, Mitsubishi USA has its own CEO, and has a completely separate budget for things like motorsport (same for Subaru) Mitsubishi sales in the US are down and the company took a huge loss this year, mainly because of some bad incentive programs, etc.
Mitsubishi hired a new CEO to save the sinking ship and basically he is cutting everything he can to save money. I am hearing there is going to be a huge layoff too
The WRC program is paid for out of a different budget and was likely not affected much by this
Mitsubishi USA and Mitsubishi Worldwide are for the most part separate, Mitsubishi USA has its own CEO, and has a completely separate budget for things like motorsport (same for Subaru) Mitsubishi sales in the US are down and the company took a huge loss this year, mainly because of some bad incentive programs, etc.
Mitsubishi hired a new CEO to save the sinking ship and basically he is cutting everything he can to save money. I am hearing there is going to be a huge layoff too
The WRC program is paid for out of a different budget and was likely not affected much by this
| Smelli Bugatti | 11-30-2003 10:48 AM |
I donno about that, if SCCA pro rally drew fans like WRC I think Mitsu would have found the money to field a team and showcase the Evo to North America. I realize that they left because of money problems but cutting costs here seems like the wrong thing to do. Mitsu must be in really bad shape.
| Mopho | 11-30-2003 11:53 AM |
If that was the reason why would they get involved in the first place?
I would venture a guess they would have pulled out even if it was NASCAR, from what I have heard things are pretty bad.
I would venture a guess they would have pulled out even if it was NASCAR, from what I have heard things are pretty bad.
| Geek Guy | 11-30-2003 12:30 PM |
All forms of Mitsu motorsport had been combined about a month before the announcement: WRC, US ProRally, and Paris-Dakkar. The fact that they are choosing to commit to a WRC calendar is pretty surprising in my eyes.
| Smelli Bugatti | 11-30-2003 05:26 PM |
I think I already answered that, to showcase their cars to North America. I think the primary goal for ANY motorsport is to sell cars. I would also think to develop young talent for WRC Mitsu. I hope they rejoin after a year off much like their WRC plan.
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