REPORT: PSA will rebadge and sell the Mitsubishi i MiEV in Europe

Filed under: Economy, Green, Hatchbacks, Mitsubishi, Peugeot, Citroen

Click above to view a high-res gallery of the Mitsubishi i MiEV

France's PSA Group, which includes Peugeot and Citroen, will be jumping into the electric car game in 2011 courtesy of Mitsubishi. The Japanese carmaker will start selling its i MiEV later this year in Japan and will reportedly supply a re-badged version to sell through European dealers. Mitsubishi is planning to start with just 2,000 examples this year, with plans to double that volume each year over the next few years. With the additional volume going to PSA, the total number of cars is expected to double with half going to the French. That will mean Lithium Energy Japan, the JV between Mitsubishi and GS Yuasa will also have to crank up its production volumes. There are already some examples of the iMiEV being tested by electric utilities here in the US, but Mitsubishi hasn't yet committed to actually selling the car here.

Gallery: Mitsubishi i MiEV - Live in NY

[Source: GreenCarCongress]

REPORT: PSA will rebadge and sell the Mitsubishi i MiEV in Europe originally appeared on Autoblog on Thu, 08 Jan 2009 18:29:00 EST. Please see our terms for use of feeds.

Read |  |  | 

Related posts:

• Filed under: Diesel , India , USA Considering how slow change tends ...
• Caption Contest: Um, Last Week’s Winner!
• 2009 Mitsubishi Lancer Ralliart Caught in a Parking Lot!
• Rumor: GM To NOT Put Chevy Volt Program On Hold, Cut Engineering Staff Tomorrow [Over The Back Fence]
• Cars not available in the USA

Related posts:

• Peugeot 308 CC
• 2011 Peugeot RCZ
• Peugeot to focus on greener cars at British Motor Show
• RideLust Salutes The Auto Show Babe
• Peugeot 3008

Read More!

PSA: More banks suing even after repossessing vehicles

Filed under: Car Buying, Trends, Lifestyle, Carsumer Advocacy

Just because your car has been repossessed doesn't mean you don't still owe the bank money on it. If that vehicle gets sold at auction for less than the bank is owed on it, the difference is called the "deficiency." And as MSNBC informs, banks are increasingly suing to get that deficiency amount back, plus applicable attorney's fees.

With the increasing cost of vehicles, smaller down payments, and longer loan terms, it is easier than ever to get upside-down on your car loan. Furthermore, banks don't send a repossessed car to auction and work to get the highest price for it. They farm it out to third parties who need to move cars, not hold out for the absolute best deal. Take depressed auction prices into account as well, and it's not hard to end up with a deficiency in the tens of thousands of dollars.

Banks who win deficiency judgments can sometimes garnish wages and force the sale of property, but again, that's only in certain cases. The best ways to ward off a deficiency lawsuit are to get the shortest car loan term you can afford, which will help avoid getting upside-down in the first place. If you still can't manage, try and sell the car yourself, since you'll likely get a much better price than the bank will at auction (and you'll avoid a repo on your credit history). Failing that, bankruptcy should clear the debt as an unsecured loan.

[Source: MSNBC]

PSA: More banks suing even after repossessing vehicles originally appeared on Autoblog on Mon, 29 Dec 2008 17:26:00 EST. Please see our terms for use of feeds.

Read |  |  | 

Related posts:

• 2007 Detroit Auto Show: Ford Interceptor Video
• Ford F150 Lariat: Pick ‘em Up!
• Ford goes after Ranger fan site for trademark violation
• 2010 Ford Mustang: WTF, Meh or OMG? [Question Of The Day]
• Is the Ford Endeavour out to destroy the Polar Bear?

Related posts:

• Pics Aplenty: Ford F-150 SVT Raptor at Baja 1000 like a pig in mud
• Ford To Offer Employee Pricing Plus 0% Financing In Desperate Attempt To Sell Cars [Financiapocalypse]
• 2008 Ford F-450 and Full Super-Duty Lineup Debuts in Texas
• The Next-Gen Ford Focus is Going to be Built on a Global Platform...Finally!
• 2010 Ford Mustang Could See the Return of the 5.0L V8

Read More!