Dead: Mitsubishi i- Mi. EVUnlike some other hatchbacks that will be departing the US market, I don’t predict anyone pouring one out for the Mitsubishi i- Mi. EV. The automaker announced will discontinue the electric vehicle due to slow sales. The next- generation Ford Fiesta may not be coming to the United States because you didn’t buy. Mitsubishi was testing fleets of them in Japan in 2.

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Tesla launched its roadster and the i- Mi. EV was on sale before the Nissan Leaf hit showrooms in 2. Despite its place in history, there weren’t too many positive qualities about the i- Mi.

EV. It looked like an insect mated with a golf cart and had about the same amount of range. The i- Mi. EV would run out of juice in about 6. With the electric motors pumping out the equivalent of about 6. Mi. EV was also one of the slowest accelerating cars on the market doing the casual jaunt to 6. At the time, the i- Mi. EV was also the cheapest EV you could buy with a starting price of just under $3. Mitsubishi will now focus its electric vehicle efforts on the Outlander Plug- In hybrid, which is the only crossover in its segment that offers a plug- in option, though no one seems to notice.

Things Just Keep Getting Worse For China's Fallen Tech Upstart Le. Eco. Le. Eco’s dream of breaking into the US market and competing against Apple is now farther from reality than ever before. The Chinese tech firm’s American operation has had a difficult year with missed payrolls, disappearing employees, and overall poor sales. But the latest development in Le. Eco’s financial woes is sure to make things go from bad to worse.

In 2. 01. 6, rising Chinese tech star Le. Eco made an aggressive move to conquer the unfamiliar US market . The ruling also affected assets linked to Yueting’s wife and three other Le. Eco affiliates. The Shanghai High People’s Court made the ruling last week, which clamped down on the assets linked to loan for the Le.

Eco’s private smartphone brach, Le Mobile. Le. Eco began mounting debt in 2. US expansion by raising more than $6 billion. The heavy borrowing has taken a toll.

Yueting admitted to shareholders last week that the company had made some mistakes with allocating funds.“The cash problems at the non- publicly traded businesses are more serious than when this crisis erupted,” Mr. Jia told investors, according to a transcript. According to the Times, the company has resources to cover the debt and will work with China Merchants Bank to repay it.