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It's not a Mitsubishi Carisma! It's built on the same Dutch line as the Mitsu, but it's not the same car! The motor is 4/5 of the S60/V70, or 4/6 of the S80.
I just had an S40 as a service loaner Friday. Nicely optioned with leather on the door panels (!) (or a remarkable fake leather), and screwed together pretty well. Much better than the first S40 I had as a loaner which was falling apart.
Consumer Reports recommends it. They predict reliability as "average".
I wouldn't buy one myself because it isn't available with a manual transmission, and because the rear seat legroom is pretty poor.
-Uncle Olaf
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