The TJ Magna debuted in August 2000 and is the fourth model of the third generation Magna.
Externally, the front sported a "TransAm" style, with a bonnet that dipped down to the front bumper in the centre. On this was the Mitsubishi badge. The rear was also changed with the crease through the centre of the bootlid being deleted (the lid was now fairly flat) and tail lights with round indicators, brake and reversing lights inside of their triangular frame.
The TJ was the first Magna to introduce the VR-X model.
The base Executive TJ carried over the 3.0L V6 from the TH and introduced a slightly revised 3.5L V6. The 3.5L featured a new computer, camshafts and exhaust system increasing power from all-new computer, camshafts and exhaust system that marginally boosts its power output by 3 kW to 150 kW at 5000 rpm with torque remaining unchanged at 300 Nm at 4000 rpm.
As with the previous TH Magna, the Executive was the only model in the range to have the 3.0L V6 as standard. The 3.5L V6 was optional. Standard equipment includes 4 speaker CD player, alarm with keyless entry, air conditioning, driver's side airbag, power mirrors, power steering and trip computer. Options included Anti-Lock Brakes, 15" alloys and metallic paint.
The Executive was available in both sedan and wagon bodies.
The Advance was solely available with the 3.5L V6 and 4 speed automatic. The Advance added power windows, anti-lock brakes, cruise control, second row headrests and dual airbags to the standard equipment list with the sole options being 15" alloys and metallic paint.
The Advance was available in both sedan and wagon bodies.
As with previous versions of the Solara, the TJ Solara was based upon the Advance (actually being called the Advance Solara) and featured two-tone paint (silver under the doors), metallic paint, 4 disc CD in-dash CD stacker with cassette, body coloured grille edging and 15" alloy wheels.
The TJ Magna Sports was available only as a sedan. It uses a more freely flowing exhaust, boosting power to 163 kW at 5250rpm and 317Nm at 4500rpm. It features sports style seats with Sports embroided into the back, white-faced dials, sports suspension, 16" alloy wheels, anti-lock brakes, 4 speaker CD sound system, driver's airbag, alarm with remote central locking and immobiliser, leather wrapped steering wheel and gear knob, traction control, cruise control, front fog lamps, power steering, power mirrors, power windows, trip computer and rear spoiler.
Optional was metallic paint and 5 speed sports mode automatic transmission.
The TJ Magna VR-X was based on the Sports and also available only as a sedan. It uses the same engine and transmission combinations, with the 5 speed sports mode auto an option. It differs to the Sports by having VR-X embroided into the front seats and having a full body kit.