Who Owns Mitsubishi? | Mitsubishi History

Updated: January 17, 2023

446

Mitsubishi Motors Corporation is a Japanese multinational automotive manufacturer headquartered in Tokyo, Japan. The company is a part of the Mitsubishi keiretsu, formerly part of Mitsubishi Heavy Industries, and was formed in 1970. The company manufactures and sells cars and commercial vehicles under the Mitsubishi brand, as well as luxury cars under the name of its former subsidiary, the now-defunct Mitsubishi Fuso Truck and Bus Corporation. Mitsubishi Motors is the sixth-largest Japanese car manufacturer and the sixteenth-largest worldwide by production.

Mitsubishi Motors is owned by the Mitsubishi Group, a conglomerate of independent Japanese companies, most of which share the Mitsubishi brand name. The group is led by the Mitsubishi Corporation, a sogo shosha (general trading company) which is one of the largest companies in Japan. The group is also involved in various other industries such as banking, chemicals, engineering, real estate, and telecommunications.

In 2016, Mitsubishi Motors was acquired by the Nissan Motor Company, a leading Japanese car manufacturer and one of the largest car manufacturers in the world. The acquisition was made as part of a strategic alliance between the two companies, with Nissan taking a controlling stake in Mitsubishi Motors. This alliance allows the two companies to share resources and technology, and to jointly develop and market new products.

As of 2021, Nissan Motor Company owns 34% of Mitsubishi Motors, while the remaining 66% is publicly traded on the Tokyo Stock Exchange. The company operates in over 160 countries and employs over 70,000 people worldwide. It continues to be a leading producer of cars and commercial vehicles and is committed to delivering sustainable mobility solutions that meet the needs of customers worldwide.

Where Are Mitsubishi Cars Made?

Mitsubishi cars are made at various locations around the world. The company has manufacturing facilities in Japan, Thailand, the Philippines, Indonesia, Russia, and the United States.

In Japan, Mitsubishi Motors has manufacturing plants in Okazaki, Mizushima, and Gifu. These plants produce a variety of vehicles, including passenger cars, SUVs, and commercial vehicles.

In Thailand, Mitsubishi has a manufacturing facility in Laem Chabang. The plant produces a range of vehicles, including the Triton pick-up truck, the Pajero Sport SUV, and the Attrage sedan.

In the Philippines, Mitsubishi Motors has a manufacturing facility in Santa Rosa. The plant produces the Mirage and Mirage G4 sedans for the Asian market.

In Indonesia, Mitsubishi has a manufacturing facility in Bekasi. The plant produces a variety of vehicles, including the Xpander, Pajero Sport, and Triton pick-up truck.

In Russia, Mitsubishi has a manufacturing facility in Kaluga. The plant produces the Outlander, Lancer, and Pajero Sport SUVs for the Russian market.

In the United States, Mitsubishi has a manufacturing facility in Normal, Illinois. The plant produces the Outlander Sport SUV for the North American market.

The company also has production facilities in other countries such as Egypt, Brazil, Argentina, and more. The specific location of the production depends on the market demand and the production cost.

How It Started

Mitsubishi Motors Corporation was founded in 1970, but its origins can be traced back to the late 19th century. In 1873, the Mitsubishi shipyard was established by Yataro Iwasaki, the founder of the Mitsubishi Group. The shipyard was the foundation of the Mitsubishi Group and eventually led to the creation of other companies, including Mitsubishi Heavy Industries, which was established in 1884.

In 1917, Mitsubishi Heavy Industries began experimenting with the production of automobiles. The company produced its first car, the Mitsubishi Model A, in 1917. However, due to the economic downturn in Japan following World War I, the production of the Model A was halted in 1921. After World War II, Mitsubishi Heavy Industries resumed its automotive operations and produced a small number of trucks and buses. In 1964, Mitsubishi Motors Sales Corporation was established to handle the sales and marketing of these vehicles.

In 1970, Mitsubishi Heavy Industries merged its automotive operations with Mitsubishi Motors Sales Corporation to form Mitsubishi Motors Corporation. The company began producing passenger cars and commercial vehicles under the Mitsubishi brand. Since then, Mitsubishi Motors has grown to become one of the largest car manufacturers in Japan and a leading producer of cars and commercial vehicles worldwide.

Why Shop at Daytona Mitsubishi?

Shopping at Daytona Mitsubishi has several advantages for customers. Some reasons why customers might choose to shop at Daytona Mitsubishi include:

Wide Selection of Vehicles: Daytona Mitsubishi offers a wide variety of new and pre-owned Mitsubishi cars, SUVs and trucks, giving customers a lot of options to choose from.
Expert Sales Staff: The sales staff at Daytona Mitsubishi are knowledgeable and experienced, and can help customers find the perfect vehicle to meet their needs.
Competitive Pricing: Daytona Mitsubishi offers competitive pricing on its vehicles, helping customers get the best deal possible.
Special Offers and Incentives: The dealership often has special offers and incentives, such as financing deals, cashback offers, and discounts on selected models, making it more affordable for the customer.
Service and Parts: Daytona Mitsubishi also offers a full-service department for maintenance and repairs, as well as a parts department for any replacement parts customers may need.
Convenience: The dealership is located in a convenient location and has a user-friendly website for easy browsing of the inventory and schedule service appointments.
Customer Satisfaction: Daytona Mitsubishi has a commitment to customer satisfaction, and the dealership staff will work with customers to ensure they are completely satisfied with their purchase.
After-sales service: Daytona Mitsubishi will offer good after-sales service to customers, such as warranty, maintenance, and repair, which can give customers a sense of security and peace of mind.

The History of Mitsubishi

The history of Mitsubishi can be traced back to the late 19th century. In 1873, the Mitsubishi shipyard was established by Yataro Iwasaki, the founder of the Mitsubishi Group. The shipyard was the foundation of the Mitsubishi Group and eventually led to the creation of other companies, including Mitsubishi Heavy Industries, which was established in 1884.

After World War II, Mitsubishi Heavy Industries resumed its automotive operations and produced a small number of trucks and buses. In 1964, Mitsubishi Motors Sales Corporation was established to handle the sales and marketing of these vehicles.

Throughout the 1970s and 1980s, Mitsubishi Motors expanded its operations globally and began exporting its vehicles to other countries. In the 1990s, the company introduced new models, such as the Eclipse and the Montero, which helped to increase its market share.

In 2016, Mitsubishi Motors was acquired by Nissan Motor Company, a leading Japanese car manufacturer, as part of a strategic alliance. The acquisition allowed the two companies to share resources and technology, and to jointly develop and market new products.

Today, Mitsubishi Motors continues to be a leading producer of cars and commercial vehicles and is committed to delivering sustainable mobility solutions that meet the needs of customers worldwide.

Our Top 10 Reasons To Choose Mitsubishi

Reliability: Mitsubishi cars are known for their reliability, which can help to reduce the cost of ownership over time.
Value for money: Mitsubishi cars offer excellent value for money, with a range of models that are well-equipped and competitively priced.
Advanced Technology: Mitsubishi cars are equipped with advanced technology, such as all-wheel drive systems, advanced safety features and advanced infotainment systems.
Durability: Mitsubishi cars are built to last, with durable materials and construction methods that ensure they can withstand the rigors of daily use.
Off-road capabilities: Many Mitsubishi models, such as the Outlander, Pajero Sport and Triton, are equipped with advanced off-road technology and capabilities, making them perfect for those who enjoy adventure and exploring.
Fuel Efficiency: Mitsubishi cars are known for their fuel-efficient engines, which can help to reduce the cost of running a Jcar over time.
Warranty: Mitsubishi cars come with a comprehensive warranty, which gives customers peace of mind and protection against any manufacturing defects.
Great Resale Value: Mitsubishi cars have a great resale value, which means that customers can expect to get a good price for their vehicle when they decide to sell it.
Stylish and Modern Design: Mitsubishi cars are designed with style and modernity, making them look and feel great on the road.
Wide Range of Models: Mitsubishi offers a wide range of models that cater to different customers’ needs, whether they are looking for a compact car, a family SUV, or a commercial vehicle.

The Mitsubishi Origins

The origins of Mitsubishi can be traced back to the late 19th century with the establishment of the Mitsubishi shipyard by Yataro Iwasaki in 1873. The shipyard was the foundation of the Mitsubishi Group, which eventually led to the creation of other companies, including Mitsubishi Heavy Industries (established in 1884).

Mitsubishi Heavy Industries, or MHI, was initially focused on shipbuilding and heavy machinery, but it started experimenting with the production of automobiles in 1917. The company produced its first car, the Mitsubishi Model A, in 1917, but halted production in 1921 due to the economic downturn in Japan following World War I.

After World War II, MHI resumed its automotive operations, starting with the production of small numbers of trucks and buses. In 1964, Mitsubishi Motors Sales Corporation was established to handle the sales and marketing of these vehicles.

In 1970, MHI merged its automotive operations with Mitsubishi Motors Sales Corporation to form Mitsubishi Motors Corporation (MMC) and began producing passenger cars and commercial vehicles under the Mitsubishi brand. MMC was a part of the Mitsubishi keiretsu, a group of companies with interlocking business relationships and shareholdings, and was associated with Mitsubishi Heavy Industries.

In 2021, Mitsubishi Motors is a subsidiary of the Nissan Motor Company, and the Mitsubishi brand cars are sold and produced globally under the umbrella of the alliance. The Mitsubishi Group, however, continues to be a leading conglomerate of independent Japanese companies, most of which share the Mitsubishi brand name and are involved in various other industries such as banking, chemicals, engineering, real estate, and telecommunications.

Scandal rocks Mitsubishi

In 2016, Mitsubishi Motors was embroiled in a scandal when it was revealed that the company had falsified fuel economy data for several of its models. The company admitted to overstating the fuel economy ratings of certain models, including the eK Wagon and eK Space, sold in Japan, and the Dayz and Dayz Roox sold in Japan and overseas. The company also admitted to using non-compliant testing methods on these vehicles.

The scandal resulted in a massive loss of trust from customers and a significant financial impact on the company. Mitsubishi was forced to pay large fines and settlements, and it had to recall more than 600,000 vehicles. The company also had to restate its financial results for the previous year and take a large impairment charge.

The scandal also led to the resignation of the company’s CEO and President, Osamu Masuko, and the appointment of a new management team. The new management team implemented a series of measures to improve the company’s corporate governance and compliance systems, as well as to enhance its product development and quality control processes.

Mitsubishi Motors has since taken steps to regain customer trust, by improving product quality and implementing new compliance measures. It has been working on improving its reputation, by investing in new models and technologies, and by focusing on customer satisfaction.

Test Drive Our New Mitsubishis For Sale at Fort Worth Mitsubishi

Fort Worth Mitsubishi is excited to offer customers the opportunity to test drive our new Mitsubishi vehicles for sale. We have a wide variety of models available, including the Outlander, Eclipse Cross, Mirage, and more. Our knowledgeable and friendly sales staff will be happy to assist you in finding the perfect vehicle to meet your needs and answer any questions you may have.

We understand the importance of getting behind the wheel and experiencing a vehicle for yourself before making a purchase. That’s why we encourage you to take a test drive and see for yourself why Mitsubishi vehicles are known for their reliability, advanced technology, and value for money. Our dealership is equipped with the latest safety measures and protocols, so you can rest assured that you and your family are safe during your visit.

Don’t wait, visit Fort Worth Mitsubishi today and test drive one of our new Mitsubishi vehicles for sale. Experience the performance, handling, and features of the vehicle in person and make an informed decision on your next car purchase. We are confident that you will love your test drive experience and we look forward to helping you find your next vehicle.

Frequently Asked Questions

Are Mitsubishi cars fuel-efficient?

Many Mitsubishi models are known for their fuel-efficient engines, which can help to reduce the cost of running a car over time. The company also offers hybrid and electric models that are even more efficient.

Can I find Mitsubishi cars in Fort Worth, Texas?

Yes, you can find Mitsubishi cars at Fort Worth Mitsubishi dealership, which is an authorized dealer for Mitsubishi cars in Fort Worth, Texas.

How does Mitsubishi Motors compare to other car manufacturers in terms of reliability?

Mitsubishi Motors is known for producing reliable vehicles. According to various consumer reports, Mitsubishi cars have a reputation for being long-lasting and low-maintenance, which can help to reduce the cost of ownership over time.

How does Mitsubishi Motors handle recalls and safety concerns?

Mitsubishi Motors takes safety concerns very seriously and will take appropriate action if a recall is necessary. If a recall is issued, the company will notify affected customers and provide a free repair or replacement of the defective part.

What advanced technology features do Mitsubishi vehicles offer?

Mitsubishi vehicles are equipped with a variety of advanced technology features, including all-wheel drive systems, advanced safety features, and advanced infotainment systems. Some models also offer off-road capabilities and advanced driver-assistance systems.

What is the warranty on a Mitsubishi vehicle?

Mitsubishi vehicles come with a comprehensive warranty that covers manufacturing defects and other issues. The specific terms of the warranty will vary depending on the model and the market.

What types of vehicles does Mitsubishi Motors produce?

Mitsubishi Motors produces a wide range of vehicles, including passenger cars, SUVs, and commercial vehicles. Some popular models include the Outlander, Eclipse Cross, Mirage, and Triton pick-up truck.

Conclusion

In conclusion, Mitsubishi Motors has a long and rich history, dating back to the late 19th century. The company is a part of the Mitsubishi keiretsu, a group of companies with interlocking business relationships and shareholdings. Mitsubishi Motors is known for its reliability, advanced technology, and value for money, and it offers a wide range of models that cater to different customers’ needs.

Fort Worth Mitsubishi is excited to offer customers the opportunity to test drive our new Mitsubishi vehicles for sale. Our dealership is equipped with the latest safety measures and protocols, so you can rest assured that you and your family are safe during your visit. Our knowledgeable and friendly sales staff will be happy to assist you in finding the perfect vehicle to meet your needs.