Mitsubishi withdraws from Dakar Rally

Quick281 · 02-05-2009, 03:23 PM

http://sports.yahoo.com/nascar/news;...v=ap&type=lgns

I don't see an end to this.

TOKYO (AP)—Mitsubishi will no longer compete in the Dakar Rally for financial reasons, the company announced Wednesday.

The announcement came as Japan’s fourth-largest automaker said its group net loss will amount to $670 million for the fiscal year through March 2009.

“The sudden deterioration of the global economy made it necessary for the company to focus its resources more tightly,” Mitsubishi Motors said in a statement.

In its 26 entries in the Dakar Rally, Mitsubishi Pajeros won the rally a total of 12 times, including seven consecutive victories from 2001-2007.

The Japanese manufacturer finished seventh in the car section of the 2009 race.

The withdrawal is the latest move by a Japanese company to pull out of auto racing.

Japanese manufacturers Subaru and Suzuki pulled out of the World Rally Championship in December, Honda—Japan’s second biggest car manufacturer— withdrew from Formula One and Kawasaki has withdrawn from Moto GP.

berto · 03-03-2009, 12:27 PM

And everyone keeps saying that GM, Ford, Chrysler are where they are because they have bad management... that is part of it, but other companies are suffering also.

This recession is FAR from over.

smileyman · 03-03-2009, 12:31 PM

Oh Damn! Who will the sand people shoot at this year??

02-05-2009, 03:23 PM	#1
Quick281 Victim of Blazer Rapage Join Date: Mar 2008 Location: Talkeetna, AK Moto: 06 GSXR 600 Posts: 1,707	Mitsubishi withdraws from Dakar Rally http://sports.yahoo.com/nascar/news;...v=ap&type=lgns I don't see an end to this. TOKYO (AP)—Mitsubishi will no longer compete in the Dakar Rally for financial reasons, the company announced Wednesday. The announcement came as Japan’s fourth-largest automaker said its group net loss will amount to $670 million for the fiscal year through March 2009. “The sudden deterioration of the global economy made it necessary for the company to focus its resources more tightly,” Mitsubishi Motors said in a statement. In its 26 entries in the Dakar Rally, Mitsubishi Pajeros won the rally a total of 12 times, including seven consecutive victories from 2001-2007. The Japanese manufacturer finished seventh in the car section of the 2009 race. The withdrawal is the latest move by a Japanese company to pull out of auto racing. Japanese manufacturers Subaru and Suzuki pulled out of the World Rally Championship in December, Honda—Japan’s second biggest car manufacturer— withdrew from Formula One and Kawasaki has withdrawn from Moto GP. __________________ -Alex- Resident TWFix Noob. My 06 GSXR 600 <-- Its Clickable Fools.

03-03-2009, 12:27 PM	#2
berto Supermoto Junkie Join Date: Feb 2008 Location: Novi, MI Moto: DRZ400SM & VTX1300C Posts: 10	And everyone keeps saying that GM, Ford, Chrysler are where they are because they have bad management... that is part of it, but other companies are suffering also. This recession is FAR from over. __________________ Full throtle until you see God, then brake. www.2wheelmichigan.com Check it out!

03-03-2009, 12:31 PM	#3
smileyman White Trash Hero Join Date: Mar 2008 Location: NW Arkansas Moto: Buell 1125R Porco Rosso Edition Posts: 4,895	Oh Damn! Who will the sand people shoot at this year?? __________________ Arkriders.com To be the best you must first be willing to risk the worst!