--- title: "Mitsubishi Leaning Into Fleet Sales As Profits Plunge 79%: TDS" date: "2025-11-06" modified: "2025-11-06" authors: - name: "Joel Feder" job_title: "Director of Content and Product" link: "https://www.thedrive.com/authors/joel-feder" url: "https://www.thedrive.com/news/mitsubishi-leaning-into-fleet-sales-as-profits-plunge-79-tds" categories: - "News" - "The Downshift" --- # Mitsubishi Leaning Into Fleet Sales As Profits Plunge 79%: TDS ![Mitsubishi Outlander front three-quarter]() *\Mitsubishi\* Good morning and welcome to *The Downshift*, or *TDS* for short. Light, tight, and right, *TDS* gathers the latest automotive news from around the globe and places it in one spot. Stories are summarized in a single, sometimes long, sentence accompanied by a link for those seeking more information. The end of the week is in sight and I'm just starting in on the second cup of coffee, so let's get into it. ๐Ÿš˜ What Iโ€™m driving: The 2026 Nissan Leaf is in my garage still and I've started poking its powertrain settings and packaging to find it has desired features such as battery preconditioning and a dual-layer cargo area, but there's no frunk. ๐Ÿ“‰ Mitsubishi got crushed in Q3 with [operating profits falling 79%](), which cutting operating profits by $117.7 million due to tariff costs and weak demand; the Japanese automaker plans to lean into fleet sales and expects full-year operating profits to drop 50%. โ€ผ๏ธ Toyota [recalled more than 1.1 million vehicles]() in North America due to a rearview camera issue. ๐Ÿ’ธ Lucid [reported a Q3 net loss of $978 million]() while revenue surged 68%; the startup automaker's chief engineer, who has been with the company since 2015, [announced he is leaving](). ๐Ÿค– Rivian announced it has [created another spinoff company]() called Mind Robotics, which will focus on industrial AI and ... you guessed it, robotics. ๐Ÿ”‹ Bentley reconfirmed its [first EV will be revealed in 2026]() with production to kickoff in 2027; the EV will be an SUV based on Volkswagen Group's PPE platform, which is shared with the Audi Q6 E-Tron and Porsche Macan and Cayenne EVs. ๐Ÿ’จ Bentley also [announced a new Supersports model]() will debut on November 13, and the introduction will bring forth a "driver-focused and first rear-wheel drive Continental GT ever" as a limited production coupe. *Have feedback on the formatting of TDS? Send us a note: tips@thedrive.com* ## Author Overseeing what you see, read, touch, hear, and interact with from the vast lakes of Minnesota, Joel Feder shapes how The Drive looks and operates as the head of content and product initiatives. On a daily basis, Joel leads the newsroom and editorial staff playing point on both short-term coverage and long-term strategic plans. His mission is to help ensure The Drive shapes the future of automotive media by helping the team execute original reporting, breaking news, and exclusive opportunities. Regarded as an industry insider and recognized by colleagues, fellow journalists, and manufacturers as a point-person and leader in the industry, Joel owns and runs the largest automotive professionals group on Facebook in an effort to serve and help others. Joel serves as a juror for the World Car Awards. In addition, he is the board chair and chair of the governance and nominating committee for Move Forward MN, a local non-profit that helps at-risk youth with barrier-free mental health and housing services. While youโ€™re reading this heโ€™s either on his computer or iPhone chasing the latest news or drafting a story. ### Author social links [Instagram]() [LinkedIn]() [Bluesky]() [Email]()