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Trio of Mitsubishi concepts bound for Tokyo

Mitsubishi is bringing three new concepts to next month's Tokyo motor show, the first to be developed with the automaker's ‘@earth' design philosophy. The carmaker says the three will emphasize Mitsubishi's engineering and advanced technologies that embody environmental responsibility, driving pleasure, toughness and safety. Concept GC-PHEV is a full-size SUV that uses a high output PHEV (plug-in hybrid electric vehicle) system and is billed as a ‘connected car' offering preventive safety technology, wireless connectivity and driver support.

Mitsubishi to make Outlander Sport at Illinois plant

Mitsubishi Motors Corp. said Friday it will invest $100 million to build the Outlander Sport crossover at its Normal, Ill., plant starting in summer 2012. Mitsubishi expects annual output of 50,000 units, with half dedicated to North America and the rest for export to Russia, Latin America and the Middle East.

News watch June 2010: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Wednesday 30 June 2010• Tesla shares have rocketed 40% on their first day of trading; the company went public this week with the first IPO of an American car company since Ford in the 1950s (BBC News)• GM may sell off its interests in finance arm GMAC and parts supplier Delphi as it seeks to write down its debts (Financial Times)• A Federal judge has approved the $20m sale of a former GM plant in Wilmington to Fisker Automotive; Fisker hopes to build 100,000 cars a year once production hits a peak after launch in 2012. It is using a $529m government loan to fund its launch (Detroit News)Tuesday 29 June 2010• UK business secretary Vince Cable has warned that the car industry is no longer in an emergency – and cannot expect direct government support.