This swedish Mitsubishi R5 project it's a nice project. They intend to provide an affordable R5 car and give Mitsu drivers a competitive alternative to old Gr. N cars.
Mitsubishi Motors should support the homologation process having in mind that the main effort comes from a private company and allow the Mitsubishi name to be kept alive in rallying.
Let’s hope the revelation from MM homologation denial reported by autosport.pt site (that sometimes seems to use very unreliable sources) it’s incorrect, so that in a near future we could see a lot of this little fast cars rallying over european stages!