Mitsubishi Debonair - Third Generation

The third model debuted in 1992, longer and wider than its predecessors. The wider range of available engines was now topped by a 260 PS (191 kW; 256 hp) 6G74 3.5 L DOHC V6, and as Mitsubishi's domestic flagship incorporated much of the company's technology, including four-wheel steering, four-wheel anti-lock braking system, electronically controlled suspension, GPS guided navigation, rear focused camera for parallel parking, self closing doors, laser-guided cruise control, and INVECS automatic transmission with traction control. Vehicles installed with the 3.5 V6 were longer, while the wheelbase remained unchanged for the regular versions. As this generation was Mitsubishi's flagship limousine, the bodystyle that was compliant with Japanese government regulations concerning exterior dimensions and engine displacement was no longer offered. The suspension was upgraded to McPherson struts for the front suspension, and the rear suspension used a multilink approach. Much of the technology installed in this generation Debonair was shared with the Mitsubishi GTO.

It was discontinued in 1999, and directly replaced by the Proudia. However, Mitsubishi also developed its first V8 engine for the new Dignity limousine around this time, and it was this latter model which took position as the domestic flagship of the company.

There were a multitude of trim packages with varying levels of equipment. The trim level names started with Executive (I, II, III), Exceed, Exceed Contega, and Exceed Type A, B, C. Each model year rearranged the trim level names according to the perceived market conditions.