Few months ago, Mitsubishi announced it will built a production version of the Concept zT as a competitor for the BMW 3-Series. Ambitious plans from the Japanese brand. According to Autocar's print magazine Mitsubishi canceled plans for a 3-series rival.

After recovering from the shock of hearing that Mitsubishi had planned on pitting the ZT against BMW’s finest, we came to find out that the Mitsu executives had recently come to the conclusion that the “business case” for the luxury sedan just wasn’t there—a decision that we’re sure they’ll be relieved to have made a few years down the road.

The company announced big plans for the 2009 Tokyo Show.

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