The new Lancer's engine will be a 2.0 liter 4-cylinder unit producing up to 152 horsepower. The standard transmission will be a 5-speed manual. A continuously-variable automatic transmission, Mitsubishi's first, will be optional. Cars equipped with the CVT will also have a six-step manual shift mode.

The Lancer's new "shark nosed" look was inspired by jet fighters.

The body is 50 percent more rigid which allows for a sportier suspension tuning while, at the same time, providing for a smoother ride. The engine is also placed farther back in the car to improve balance and handling.