All 2008 Lancers will be powered by a new 2.0-liter four-cylinder double overhead cam engine that uses Mitsubishi’s MIVEC variable valve timing technology to churn out 152 horsepower. California cars get a 143-hp PZEV version of the same engine. The engine is mated to either a standard five-speed manual transmission or a continuously variable transmission (CVT), a first for Mitsubishi in North America. Top-line GTS versions get a six-step Sportronic manual shifting mode with the CVT that includes magnesium shift paddles mounted on the steering column. GTS models also get a sport suspension and the same brakes as the Outlander SUV.