logo
Much loved Japanese car brand that disappeared five years ago could be making a dramatic comeback

Much loved Japanese car brand that disappeared five years ago could be making a dramatic comeback

Daily Mail​19-06-2025
A Japanese brand loved by Britons that pulled out of the UK in 2020 could be on the verge of a shock comeback, according to its European boss.
Mitsubishi - the car maker that produced the likes of the Colt, L200 pick-uk truck, rally-bred Lancer Evos, Shogun 4X4s and market-leading Outlander Plug-in Hybrid SUV - has revealed its intention to return to the UK having quit Europe half a decade ago as part of a massive cost-saving exercise.
The 2020 announcement spelled the end of a 46-year history selling cars in Britain, with the first UK-spec Mitsubishi model - the Colt Lancer - debuting in 1974.
However, Mitsubishi returned to some European markets last year as part of a new strategy that was agreed as part of its alliance with Renault and Nissan.
It now sells rebranded versions of Renault's Clio supermini and Captur crossover, renamed Colt and ASX, which are produced at the French company's factories in its homeland, and has also relaunched its latest Outlander PHEV.
In an interview with Autocar, Frank Krol, CEO of Mitsubishi Motors Europe, said the aim is now to return to the UK market too.
Mitsubishi's 2020 announced departure from the UK came amid huge headwinds created by the Covid pandemic, which triggered a collapse in sales and the company's retreat from Europe.
But Krol says the 'potential and size' of the UK market is too much to ignore, telling Autocar that it has a 'preferred route to go back'.
The President and CEO of Mitsubishi's European operations suggested that it could arrive with more than just the rebadged Colt and ASX, saying the firm needs to have the 'right product line-up' in place for a return to the UK.
This could include the Outlander PHEV, which for years in the 2010s topped the UK's hybrid sales charts and became a firm favourite among company car drivers due to its huge tax-saving benefits.
The Outlander might be the model that spearheads Mitsubishi's UK return. This is the latest version currently being sold in Europe
Back in 2015, Boris Johnson, then London Major, famously launched the facelifted Mitsubishi Outlander PHEV in Tokyo during a trade tour of Japan.
Driving it in its electric only mode, he described it as 'whining like a self-satisfied cat'.
'I think it's poetry and smooth as anything. It's going to be a smash hit,' the soon-to-become PM waxed lyrically during a test drive in the Japanese capital.
While the company confirmed its departure in 2020, it wasn't until the following autumn that its showrooms sold the last model in Britain.
It formerly withdrew - including the closure of its head office - from the UK on 30 September 2021.
Despite its four-year spell away, the brand is still very much recognised, having generated a relatively strong fan base after almost five decades selling cars in Britain.
It also still retains around 100 dealerships across the country, which have become service and after-sale centres for existing customers. Though some did close following the 2020 announcement.
When asked if its hiatus was a concern regarding making a comeback, Krol told Autocar: 'It is not preferred to have extremely a long period without any sales presence.
'That's something we would need to consider.'
Other Mitsubishi models that be sold in the UK include the Grandis - a rebadged Renault Symbioz - and the Eclipse Cross, which will be an electric SUV underpinned by the same platform used for Renault's Scenic and Nissan's Ariya EVs.
While Krol spoke with optimism about bringing Mitsubishi back to the UK, no hard and fast deadline is set for its comeback.
If it is to use the new Outlander to spearhead its return, that car is due a refresh some time around 2027, which could be when the brand returns.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

‘It's time to pay up', says Starmer in late payments crackdown
‘It's time to pay up', says Starmer in late payments crackdown

The Independent

time8 minutes ago

  • The Independent

‘It's time to pay up', says Starmer in late payments crackdown

Firms which persistently pay their suppliers late are set to face fines worth potentially millions of pounds as the Prime Minister warned that 'it's time to pay up'. Sir Keir Starmer has said 'too many hardworking people are being forced to spend precious hours chasing payments' in a process which he described as 'exhausting'. As part of a drive to support small businesses, the Government is set to unveil plans to give the small business commissioner bolstered powers to fine large companies which persistently pay their suppliers late. The commissioner will also receive new powers to enforce a rule that customers must pay their supplier within 30 days of receiving a valid invoice, unless otherwise agreed, with spot checks to help identify breaches. Upcoming legislation will also introduce maximum payment terms of 60 days, reducing to 45 days. 'From builders and electricians to freelance designers and manufacturers — too many hardworking people are being forced to spend precious hours chasing payments instead of doing what they do best – growing their businesses,' Sir Keir said. 'It's unfair, it's exhausting and it's holding Britain back. 'So, our message is clear, it's time to pay up. 'Through our small business plan, we're not only tackling the scourge of late payments once and for all, but we're giving small business owners the backing and stability they need for their business to thrive, driving growth across the country through our plan for change.' The crackdown on late payments is part of a wider Government package and sits alongside a move to pump £4 billion of financial support into small business start-ups and growth. This is set to include £1 billion for new firms, with 69,000 start-up loans and mentoring support. 'This country is home to some of the brightest entrepreneurs and innovative businesses in the world, and we want to unleash their full potential by giving them back time and money to do what they do best – growing our local economies,' Business Secretary Jonathan Reynolds said. 'Our small business plan – the first in over a decade – is slashing unnecessary admin costs, making it easier for businesses to set up shop and giving SMEs (small and medium-sized enterprises) the financial backing they need.' Andrew Griffith, the Conservative shadow business secretary, said: 'Cracking down on late payments will be welcome for small business but will mean nothing for the 218,000 businesses that have closed under Labour. 'The reality for businesses under Labour is a doubling of business rates, a £25 billion jobs tax and a full-on strangulation of employment red tape. 'Only the Conservatives are on the side of the makers and will support businesses across Britain to create jobs and wealth.'

China's JD.Com to acquire German electronics retailer Ceconomy
China's JD.Com to acquire German electronics retailer Ceconomy

Reuters

time9 minutes ago

  • Reuters

China's JD.Com to acquire German electronics retailer Ceconomy

DUESSELDORF, Germany, July 30 (Reuters) - China's ( opens new tab is set to acquire German electronics retailer Ceconomy ( opens new tab with a takeover offer at 4.60 euros a share, the companies said on Wednesday, with Ceconomy and major shareholders supporting the move. Ceconomy last week confirmed it was in advanced negotiations over a potential takeover at 4.60 euros per share, which would value a deal at around 2.2 billion euros ($2.53 billion). Ceconomy's MediaMarkt and Saturn brands will give access to one of the largest online shops for electronic goods in Europe and a network of around 1,000 stores in several European countries. Around 50,000 people work at the two chains. Ceconomy had annual sales of 22.4 billion euros in its 2023/24 financial year, of which 5.1 billion euros were online. which competes with Alibaba ( opens new tab and Amazon (AMZN.O), opens new tab, had looked at an acquisition of British electronics retailer Currys (CURY.L), opens new tab last year. Fitch Ratings on Wednesday said the takeover could bolster Ceconomy's credit profile, by leveraging the latter's stronger credit profile and global reach. ($1 = 0.8708 euros)

Labour says firms will be penalised for late payments to suppliers
Labour says firms will be penalised for late payments to suppliers

The Guardian

time9 minutes ago

  • The Guardian

Labour says firms will be penalised for late payments to suppliers

Keir Starmer has warned businesses who persistently delay payments to their suppliers that it is 'time to pay up' as the government prepares to impose fines and penalties on repeat offenders. In what Labour has billed as the toughest crackdown on late payments in a generation, the business secretary, Jonathan Reynolds, will say on Thursday that the changes will slash a cost to the economy that has escalated to £11bn a year. As many as 38 businesses shut down each day partly owing to late payments, the government said, hurting tradespeople, shopkeepers, startup founders and family-run firms. The planned changes will include handing the small business commissioner powers to impose fines, potentially worth millions of pounds. Established in 2016 to tackle late payments, the watchdog will also be able to carry out spot checks, verify claims and impose deadlines to clear a backlog of disputes. As part of a wider Labour drive to provide more support for small businesses, Reynolds will also announce startup loans for 69,000 companies worth £4bn 'to inspire the next generation of entrepreneurs and small business owners'. The move is backed by the prime minister and the chancellor, Rachel Reeves, who is keen to focus on rebooting the economy after two consecutive months of negative growth and mounting speculation about tax rises. According to the Office for National Statistics, the economy contracted by 0.1% in May after a 0.3% monthly fall in April. Sir Keir said it was important for the government to support small- and medium-sized firms, which employ 60% of the workforce and generate £2.8tn in turnover. 'From builders and electricians to freelance designers and manufacturers, too many hardworking people are being forced to spend precious hours chasing payments instead of doing what they do best, growing their businesses. 'It's unfair, it's exhausting and it's holding Britain back. So, our message is clear: it's time to pay up.' Reynolds is expected to say legislation will include maximum payment terms of 60 days before a reduction after an introductory period to 45 days, 'giving firms certainty they'll be paid on time'. Sign up to Business Today Get set for the working day – we'll point you to all the business news and analysis you need every morning after newsletter promotion Ministers said last September that they would consult businesses about the most effective way to tackle a 'culture of late payment' after several attempts by previous Tory administrations to toughen existing codes of conduct. Reynolds will say new laws were needed to give the commissioner extra powers and force large companies to be more transparent about how they pay subcontractors and suppliers. As part of the plan, audit committees will be required to scrutinise payment practices at board level, 'placing greater pressure on large firms to show they're treating small suppliers fairly backed by mandatory interest charges for those who pay late'. The small business minister, Gareth Thomas, said: 'I hear all too often about businesses who just don't have the cash needed to start up or grow. Today, we've announced measures as part of our plan for change to tackle all of those issues and beyond.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store