Because its been working intermittently and stopping and now has stopped completely I would say you had a wire that has been rubbing on some bodywork or trim and has become frayed (speedo sensor perhaps??).
There was a recall for FTO's manu from Oct 1994 to 1995 for this very reason -
Taken from UK forum - " From what I can gather by passing the page through a translator, it appears to be a recall notice from 18th June 2004 and relates to a total of 13,680 FTO’s manufactured between 3rd October 1994 and 31st October 1995 both DE2A and DE3A engine variants. ie
DE2A-0000008 to DE2A-0001566
DE3A-0000025 to DE3A-0013017
The recall itself appear to relate to electric wiring around the engine compartment of FTO, and around the glove compartment.
The issues are list as,
(1) there are some whose fixed method of wiring for the speed sensor inside the engine compartment and wiring for the idle rpm control control equipment is inadequate, wiring is pulled by the behaviour of the engine which is in the midst of travelling. Because of that, when it is worst, wiring is disconnected, the speedometer indication defectiveness or is a possibility of becoming idling out of order.
(2) there are some where the opening of electric wiring and the glove compartment installation bracket of the car interior is narrow, wiring and the particular bracket terminal interfere with the vibration which is in the midst of travelling, there are times when coating of wiring is damaged. Because of that, when it is worst, wiring short-circuits, the fuse disengages, engine starting failure or is a possibility of becoming wiper operation defective.
The page link is -
http://u-cfc.mitsubishi-motors.co.jp/Re ... erno=11122 "
Otherwise it is possible that the earth wire that goes to the bulk head has become detached (due to corrosion) - see below in red for location (again thanks to UK forum).