logo
LaFontaine Auto Group plans new Mitsubishi dealerships in Lansing, Ann Arbor

LaFontaine Auto Group plans new Mitsubishi dealerships in Lansing, Ann Arbor

Yahoo18-03-2025

LANSING — New Mitsubishi Motors dealerships are expected to come to the Lansing and Ann Arbor areas in the next year, according to a statement from the manufacturer.
The Lansing location would be at 5103 S. Cedar, and would add to the existing LaFontaine Ford dealership there now, according to Chandler Horning, a Mitsubishi spokesperson.
The new dealerships would be LaFontaine Mitsubishi locations, part of the auto chain, which operates 58 auto franchises in 42 locations, all in Michigan, according to the company's statement.
The dealership plans to open the Lansing and Ann Arbor stores, "with the intention to open additional facilities across the state by mid 2026," according to the statement.
The statement does not give more specific timing information.
LaFontaine operates Ford, Chrysler and Buick dealerships in Lansing, along with a collision center.
"We are thrilled to join Mitsubishi at such a pivotal time in its rebirth across the United States," Ryan LaFontaine, CEO of LaFontaine Automotive Group, said in a statement. "The opening of our Ann Arbor and Lansing locations mark the beginning of an exciting journey, with more locations to follow as we grow alongside the brand. Mitsubishi Motors fills an important gap in our portfolio."
Mitsubishi Motors North America operates around 330 dealers in the United States and has recently come out with a five-year business plan called Momentum 2030, which includes blueprints for new dealerships like the ones planned for Lansing and Ann Arbor.
The auto company is headquartered in Tennessee and has operations in California, Georgia, Michigan and New Jersey. It's Mitsubishi Motors R&D of America, Inc. is headquartered in Ann Arbor.
Contact Mike Ellis at mellis@lsj.com or 517-267-0415.
This article originally appeared on Lansing State Journal: LaFontaine plans new Mitsubishi dealerships in Lansing, Ann Arbor

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

The 15 Compact SUVs With the Most Cargo Room
The 15 Compact SUVs With the Most Cargo Room

Motor Trend

time2 days ago

  • Motor Trend

The 15 Compact SUVs With the Most Cargo Room

Cargo Space Seats Up/Down: 11.7-30.8 (33.5 w/ third-row folded)/64.7-79.7 cu ft | MT Score: 7.9/8.7 You've no doubt seen that 11.7-cubic-feet figure for the Mitsubishi Outlander and are wondering what the heck is going on. Well, dear friends, the standard Mitsubishi Outlander has one thing that no other vehicle on this list does: a standard two-person third row for little ones. With that third row in place, the seven-passenger Outlander only has a tiny 11.7 cubic feet of space, while it's plug-in hybrid variant (which uses the third row's space for a battery) has 30.8 cubic feet of space. We obviously didn't want to punish Mitsubishi for offering a feature others don't, and considering those third-row seats will most often be folded flat into the floor, we've placed it in eighth of our list of compact SUVs with the most cargo room due to the generous 33.5 cubic feet available behind the Outlander's second row. Aside from the third row, the Outlander is an interesting vehicle in its segment. Built on the same bones as the Nissan Rogue, it has a few unique features, such as its own engine (a bit underpowered), software suite (it's fine), and stereo ( love! ). Aside from the plenty of thoughtful storage solutions in the Outlanders, we're also quite fond of the Outlander PHEV due to its long electric range (38 miles) and the rare ability at this price point to be DC fast charged.

Japan's Mitsubishi Launches $700 Million VC Arm
Japan's Mitsubishi Launches $700 Million VC Arm

Forbes

time4 days ago

  • Forbes

Japan's Mitsubishi Launches $700 Million VC Arm

Mitsubishi's logo on display in Tokyo, Japan. Japanese conglomerate Mitsubishi Corp. has launched its first corporate venture capital arm with a total fund size of 100 billion yen (about $700 million). The fund includes capital already deployed by Mitsubishi's eight business groups. Titled MC Global Innovation (MCGI), the new CVC will 'make flexible investments across a broad range of sectors,' Mitsubishi said in a statement. MCGI will invest across the startup life cycle, from seed to later stages, with a focus on early-stage investments, according to the statement. The firm will primarily target the fields of 'AI, software, bio and health care,' a representative of Mitsubishi added in emailed comments, but may also include segments such as 'robotics, aerospace, and next-generation computing,' among others. Mitsubishi's startup portfolio currently spans approximately 100 companies, with assets under management totalling $300 million. Following the establishment of MCGI, Mitsubishi plans to invest another $300 million over the next ten years, according to the representative. The CVC's debut comes on the heels of Mitsubishi's latest corporate strategy launch in April. To navigate what it described as an uncertain business environment linked to 'unprecedented geopolitical and economic risks,' the company stated it plans to allocate approximately 1 trillion yen to sustaining capex and more than 3 trillion yen to growth investments by 2027. Through MCGI, Mitsubishi will consolidate its portfolio of startup investments from its eight business groups, spanning environmental energy, materials solutions, mineral resources, urban development and infrastructure, mobility, food industry, consumer technology-focused 'Smart Life Creation,' and power solutions. Recent deals have centered on the fields of sustainable materials and mobility. On Monday, Mitsubishi separately announced it would invest in and enter a partnership with London-headquartered startup DEScycle, which recycles metals from electronic waste. Last November, Mitsubishi invested $25 million in Ample, a San Francisco-headquartered electric vehicle charging startup that develops battery-swapping infrastructure. Ample previously partnered with commercial vehicle manufacturer Mitsubishi Fuso Truck and Bus Corp. to pilot its technology on electric trucks in Japan. A Mitsubishi Motors model on display at the 2025 Tokyo Auto Salon event in Chiba, Japan. In addition to Mitsubishi Corp., the broader Mitsubishi Group includes financial services giant Mitsubishi UFJ Financial Group (MUFG), which operates Japan's largest bank by total assets, MUFG Bank; automaker Mitsubishi Motors; electronics and electrical equipment manufacturer Mitsubishi Electric; and industrial group Mitsubishi Heavy Industries. CVCs have seen an uptick in activity in Japan, where corporations, including CVCs, were among the key types of investors 'making significant investments in startups' in 2024, according to an April report published by the government-owned Japan Investment Corp. Over this period, Mitsubishi UFJ Capital—a VC arm of MUFG, commonly known as MUCAP–participated in 22 seed-stage funding rounds and 44 in Series A to B, the report added, making it one of Japan's most active investors. As opposed to MUFG Innovation Partners, MUFG's dedicated CVC arm, MUCAP has a broader investment mandate that extends beyond financial services. A rising area for investment has been Japan's semiconductor industry, which has seen a surge in both public and private investment. In March, the Japanese government pledged an additional $5.4 billion to its homegrown chipmaker Rapidus, bringing its total government subsidies or grants to around $11.5 billion. With backing from industry giants, including MUFG Bank and SoftBank, Rapidus aims to commence commercial production of chips using a 2-nanometer (2nm) process node—some of the world's most advanced—by 2027.

Mitsubishi's global output rises 1% in April
Mitsubishi's global output rises 1% in April

Yahoo

time4 days ago

  • Yahoo

Mitsubishi's global output rises 1% in April

Japanese automaker Mitsubishi Motors Corporation reported a 1.2% rise in global production to 64,343 units in April 2025, from 63,606 units in the same month last year. Overseas production declined by 9% to 26,843 units, while output in Japan increased by 10% to 37,500 units — despite a 19% drop in exports to 15,315 units and a 1% dip in domestic registrations to 8,132 units. Production in Asia outside Japan fell by 10% year-on-year to 25,633 vehicles in April, with output in Thailand plunging by 27% to 10,953 units — even though the automaker began deliveries of its Thai-made XForce hybrid SUV to local customers that , its second HEV model to be sold in the country after the Xpander HEV model went on sale in early 2024. Production in Indonesia increased by 26% to 9,453 units, however. In the first four months of 2025, Mitsubishi produced 292,096 vehicles globally, down by 10.5% compared with 326,324 units in the same period last year, with domestic output slightly higher at 163,841 units while overseas production fell by 21% to 128,255 units. Sales in Japan fell by almost 5% to 41,329 units in this period, while exports were slightly lower at 73,313 units. "Mitsubishi's global output rises 1% in April" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store