|Mitsubishi Jidōsha Kōgyō KK|
|Formerly||Mitsubishi Shipbuilding Co., Ltd.|
|Predecessor||Mitsubishi Heavy Industries Motor and Cars Business|
|Founded||22 April 1970|
|Founders|| Mitsubishi Heavy Industries |
Number of locations
| Cypress, California, United States|
Santa Rosa, Laguna, Philippines
Khlong Luang, Pathum Thani, Thailand
Cikarang, West Java, Indonesia
|Takao Kato (President, CEO & Acting Chairman)|
Hiroshi Nagaoka (EVP for Production)
Yoichiro Yatabe (EVP for Sales)
Koji Ikeya (CFO)
|Products||Passenger cars, economy cars, commercial vehicles|
|1,079,346 vehicles (FY2016)|
|Revenue||¥2.514 trillion (FY2018)|
|¥111.815 billion (FY2018)|
|¥119.850 billion (FY2018)|
|Total assets||¥2.010 trillion (FY2018)|
|Total equity||¥945.818 billion (FY2018)|
Number of employees
|29,555 (consolidated as of 31 March 2017)|
Hunan Changfeng Motor
Harbin Dongan Automotive Engine Manufacturing
Urawa Red Diamonds
Mitsubishi Motors Mizushima
Mitsubishi Motors Australia
Mitsubishi Motors Europe
Mitsubishi Motors North America
Mitsubishi Motors Krama Yudha Indonesia
Mitsubishi Motors Philippines
Mitsubishi Motors (Thailand)
Mitsubishi Motors Corporation (Japanese: 三菱自動車工業株式会社, Hepburn: Mitsubishi Jidōsha Kōgyō KK , IPA: [mitsɯꜜbiɕi] ; commonly known as Mitsubishi Motors ) is a Japanese multinational automobile manufacturer headquartered in Minato, Tokyo, Japan. It is Japan's second-largest automobile manufacturer after parent company Nissan, with sales of over $2.54 trillion in 2018.
In 2011, Mitsubishi Motors was the sixth-largest Japanese automaker and the nineteenth-largest worldwide by production.Since October 2016, Mitsubishi has been one-third (34%) owned by Nissan, and thus a part of the Renault–Nissan–Mitsubishi Alliance.
Besides being part of the Renault–Nissan–Mitsubishi Alliance, it is also a part of Mitsubishi keiretsu , formerly the biggest industrial group in Japan, and the company was originally formed in 1970 from the automotive division of Mitsubishi Heavy Industries.
Mitsubishi Fuso Truck and Bus Corporation, which builds commercial grade trucks, buses and heavy construction equipment, was formerly a part of Mitsubishi Motors, but is now separate from Mitsubishi Motors, and is owned by the German automotive corporation Daimler AG (though Mitsubishi continues to own a small stake).
Mitsubishi's automotive origins date back to 1917, when the Mitsubishi Shipbuilding Co., Ltd. introduced the Mitsubishi Model A, Japan's first series-production automobile.An entirely hand-built seven-seater sedan based on the Fiat Tipo 3, it proved expensive compared to its American and European mass-produced rivals, and was discontinued in 1921 after only 22 had been built.
In 1934, Mitsubishi Shipbuilding was merged with the Mitsubishi Aircraft Co., a company established in 1920 to manufacture aircraft engines and other parts. The unified company was known as Mitsubishi Heavy Industries (MHI), and was the largest private company in Japan.MHI concentrated on manufacturing aircraft, ships, railroad cars and machinery, but in 1937 developed the PX33, a prototype sedan for military use. It was the first Japanese-built passenger car with full-time four-wheel drive, a technology the company would return to almost fifty years later in its quest for motorsport and sales success.
Immediately following the end of the Second World War, the company returned to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled cargo vehicle called the Mizushima and a scooter called the Silver Pigeon were also developed. However, the zaibatsu (Japan's family-controlled industrial conglomerates) were ordered to be dismantled by the Allied powers in 1950, and Mitsubishi Heavy Industries was split into three regional companies, each with an involvement in motor vehicle development: West Japan Heavy-Industries, Central Japan Heavy-Industries, and East Japan Heavy-Industries.
East Japan Heavy-Industries began importing the Henry J, an inexpensive American sedan built by Kaiser Motors, in knockdown kit (CKD) form in 1951, and continued to bring them to Japan for the remainder of the car's three-year production run. The same year, Central Japan Heavy-Industries concluded a similar contract with Willys (now owned by Kaiser) for CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps in production until 1998, thirty years after Willys themselves had replaced the model.
By the beginning of the 1960s Japan's economy was gearing up; wages were rising and the idea of family motoring was taking off. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established an automotive department in its headquarters in 1953. Now it was ready to introduce the Mitsubishi 500, a mass-market sedan, to meet the new demand from consumers. It followed this in 1962 with the Minica kei car and the Colt 1000, the first of its Colt line of family cars, in 1963. In 1964, Mitsubishi introduced its largest passenger sedan, the Mitsubishi Debonair as a luxury car primarily for the Japanese market, and was used by senior Mitsubishi executives as a company car.
West Japan Heavy-Industries (now renamed Mitsubishi Shipbuilding & Engineering) and East Japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) had also expanded their automotive departments in the 1950s, and the three were re-integrated as Mitsubishi Heavy Industries in 1964. Within three years its output was over 75,000 vehicles annually. Following the successful introduction of the first Galant in 1969 and similar growth with its commercial vehicle division, it was decided that the company should create a single operation to focus on the automotive industry. Mitsubishi Motors Corporation (MMC) was formed on April 22, 1970 as a wholly owned subsidiary of MHI under the leadership of Tomio Kubo, a successful engineer from the aircraft division.[ citation needed ]
The logo of three red diamonds, shared with over forty other companies within the keiretsu, predates Mitsubishi Motors itself by almost a century. It was chosen by Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive of the emblem of the Tosa Clan who first employed him, and because his own family crest was three rhombuses stacked atop each other. The name Mitsubishi ( 三菱 ) consists of two parts: "mitsu" meaning "three" and "hishi" (which becomes "bishi" under rendaku) meaning "water caltrop" (also called "water chestnut"), and hence "rhombus", which is reflected in the company's logo.
Part of Mr. Kubo's expansion strategy was to increase exports by forging alliances with well-established foreign companies. Therefore, in 1971 MHI sold U.S. automotive giant Chrysler a 15 percent share in the new company. Thanks to this deal, Chrysler began selling the Galant in the United States as the Dodge Colt (which was the first rebadged Mitsubishi product sold by Chrysler), pushing MMC's annual production beyond 250,000 vehicles. In 1977, the Galant was sold as the Chrysler Sigma in Australia.
By 1977, a network of "Colt"-branded distribution and sales dealerships had been established across Europe, as Mitsubishi sought to begin selling vehicles directly. Annual production had by now grown from 500,000 vehicles in 1973 to 965,000 in 1978, when Chrysler began selling the Galant as the Dodge Challenger and the Plymouth Sapporo. However, this expansion was beginning to cause friction; Chrysler saw their overseas markets for subcompacts as being directly encroached by their Japanese partners, while MMC felt the Americans were demanding too much say in their corporate decisions.
Mitsubishi finally achieved annual production of one million cars in 1980, but by this time its ally was not so healthy; As part of its battle to avoid bankruptcy, Chrysler was forced to sell its Australian manufacturing division to MMC that year. The new Japanese owners renamed it Mitsubishi Motors Australia Ltd (MMAL).
In 1982, the Mitsubishi brand was introduced to the American market for the first time. The Tredia sedan, and the Cordia and Starion coupés, were initially sold through seventy dealers in 22 states, with an allocation of 30,000 vehicles amongst them. This quota, restricted by mutual agreement between the two countries' governments, had to be included among the 120,000 cars earmarked for Chrysler. A restricting element of Mitsubishi's deal with Chrysler was that Chrysler had the right of first refusal of any Mitsubishi automobiles in the US market until 1990.Toward the end of the 1980s, as MMC initiated a major push to increase its U.S. presence, it aired its first national television advertising campaign and made plans to increase its dealer network to 340 dealers.
[ citation needed ] Before receiving government approval for this project, Mitsubishi had to express contrition over "defective" Mitsubishi trucks imported to China in 1984 and 1985. By 1989, Mitsubishi's worldwide production, including its overseas affiliates, had reached 1.5 million units.
Despite the ongoing tensions between Chrysler and Mitsubishi, they agreed to unite in a vehicle manufacturing operation in Normal, Illinois. The 50/50 venture provided a way to circumvent the voluntary import restrictions, while providing a new line of compact and subcompact cars for Chrysler. Diamond-Star Motors (DSM)—from the parent companies' logos: three diamonds (Mitsubishi) and a pentastar (Chrysler)—was incorporated in October 1985, and in April 1986 ground was broken on a 1.9 million square-foot (177,000 m2) production facility in Normal, Illinois. In 1987, the company was selling 67,000 cars a year in the U.S., but when the plant was completed in March 1988 it offered an annual capacity of 240,000 vehicles. Initially, three platform-sharing compact 2+2 coupés were released, the Mitsubishi Eclipse, Eagle Talon and Plymouth Laser, with other models being introduced in subsequent years.
Mitsubishi Motors went public in 1988, ending its status as the only one of Japan's eleven auto manufacturers to be privately held. Mitsubishi Heavy Industries agreed to reduce its share to 25 percent, retaining its position as largest single stockholder. Chrysler, meanwhile, increased its holding to over 20 percent. The capital raised by this initial offering enabled Mitsubishi to pay off part of its debts, as well as to expand its investments throughout south-east Asia where it was by now operating in the Philippines, Malaysia, and Thailand.
Hirokazu Nakamura became president of Mitsubishi in 1989 and steered the company in some promising directions, with the advent of the Japanese asset price bubble "market correction" that led to the Lost Decade as a result of the Plaza Accord agreement signed in 1985. Sales of the company's new Pajero were bucking conventional wisdom by becoming popular even in the crowded streets of Japan.
It was heavily rumored by Japanese media, in 1992 and 1993, that Mitsubishi Motors intended a hostile acquisition of Honda. While Mitsubishi was riding high off of profitable vehicles such as the Diamante and Pajero, Honda was caught off-guard with the SUV and truck boom and was losing focus after the illness and later death of its founder. However, Honda CEO Nobuhiko Kawamoto took drastic steps, such as exiting Formula 1 and discontinuing unprofitable vehicles to avert a Mitsubishi takeover, which proved effective.
Although sales of SUVs and light trucks were booming in the U.S., Japan's car manufacturers dismissed the idea that such a trend could occur in their own country. Nakamura, however, increased the budget for sport utility product development, and his gamble paid off; Mitsubishi's wide line of four-wheel drive vehicles, from the Mitsubishi Pajero Mini kei car to the Delica Space Gear passenger van, rode the wave of SUV-buying in Japan in the early to mid-1990s, and Mitsubishi saw its overall domestic share rise to 11.6 percent in 1995.
In 1991, Chrysler sold its equity stake in Diamond-Star Motors to its partner Mitsubishi, and from then on the two companies continued to share components and manufacturing on a contractual basis only. Chrysler decreased its interest in Mitsubishi Motors to less than three percent in 1992, and announced its decision to divest itself of all its remaining shares on the open market in 1993. The two companies then terminated their close alliance, with Mitsubishi no longer supplying parts for engines and transmissions for Chrysler. After this period, Mitsubishi sought alliances with many other automotive manufacturers in different areas of the world, as described under "other alliances" below, with its most economically significant alliance being with Nissan to develop and manufacture kei cars.
Mitsubishi Heavy Industries (MHI) participated in a ¥540 billion emergency rescue of Mitsubishi Motors in January 2005, in partnership with Mitsubishi Corporation and Mitsubishi Tokyo Financial Group.As part of the rescue, MHI acquired ¥50 billion of Mitsubishi Motors stock, increasing its ownership stake to 15 percent and making the automaker an affiliate again. The emergency rescue was carried out 4 years after a product recall scandal in Japan that was triggered by accusations of Mitsubishi Motors allegedly trying to systematically hide manufacturing defects to avoid recalls, and marketing problems in the US.
In May 2016, in the wake of the fuel efficiency scandal uncovered by Nissan (discussed in "Fuel economy scandal"),Nissan began the acquisition of a 34% stake in Mitsubishi Motors, with the aim of making Nissan the largest and controlling shareholder of Mitsubishi and turning Mitsubishi into a member of the Renault–Nissan Alliance (the "Alliance"). Nissan has said that they plan to share some car platforms and jointly develop future vehicles with Mitsubishi Motors. Nissan's acquisition of the 34% controlling interest in Mitsubishi was completed in October 2016, at which time Carlos Ghosn, the chairman of Nissan, Renault, and the Alliance, also became chairman of Mitsubishi. Ghosn remained chairman of Mitsubishi until his dismissal following his arrest by the Japanese government in November 2018, at which time Mitsubishi CEO Osamu Masuko assumed the chairmanship.
Mitsubishi participated in a joint venture with rival car-maker Volvo and the Dutch government at the former DAF plant in Born in 1991. The operation, branded NedCar, began producing the first generation Mitsubishi Carisma alongside the Volvo S40/V40 in 1996. The factory later produced the latest Mitsubishi Colt and the related Smart Forfour (partner DaimlerChrysler cancelled its production in 2006). Production of European market-bound Mitsubishi Outlanders, and badge engineered versions of this vehicle, were also manufactured in the Netherlands until 2012, when the company sold the plant to the Dutch industrial conglomerate VDL Groep.Mitsubishi Motors Europe's headquarters and their European distribution center are still based in Born.
Upon selling its Volvo Cars division to Ford in January 1999, Volvo Group purchased a 5% stake in Mitsubishi Motors in November of that same year, but sold its stake to shareholder DaimlerChrysler in March 2001.
Mitsubishi has been allied with Groupe PSA since 1999, after they agreed to co-operate on the development of diesel engines using the Japanese company's gasoline direct injection (GDI) technology.They united again in 2005 to develop the Peugeot 4007 and Citroën C-Crosser sport utility vehicles (SUVs), based on the Japanese company's Mitsubishi Outlander.
Two further ties were established between the companies in 2008, first with the establishment of a jointly owned production facility in Kaluga which will manufacture up to 160,000 Outlander-based SUVs for the fast-growing Russian market.They are also collaborating in the research and development of electric powertrains for small urban vehicles. Japanese newspaper Nikkei claims that PSA will sell the electric city car Mitsubishi i MIEV in Europe by 2011.
In Europe, Mitsubishi Motors used diesel engines supplied by the German manufacturer Volkswagen for some of its mid-sized cars,such as the Lancer, Grandis, and Outlander. From 2010, they were superseded with Mitsubishi's own developed 4N1 diesel engine.
In Indonesia, Mitsubishi offered the Colt T120SS light truck between 1991 and 2019 based on the Suzuki Carry. Despite the same bodywork, the fascia is unique to Mitsubishi and it is manufactured in the local Mitsubishi plant. The engine used is either Mitsubishi's 1.3 L (1,343 cc) carburetted 4G17 or the bigger 1.5 L (1,468 cc) fuel injected 4G15. In 2005, the alliance continued by rebadging the Suzuki APV to Mitsubishi Maven. Few styling changes is applied, and the 4G15 engine is used instead of Suzuki's G15A engine. Maven was discontinued in 2009 due to poor sales. The Colt T120SS was discontinued in 2019 as the base vehicle, Suzuki Carry was updated and Mitsubishi was not interested to continue the alliance.
In Japan, Mitsubishi had rebadged the Suzuki Solio as the Delica D:2 and the Suzuki Every as the Minicab.
The Colt name appears frequently in Mitsubishi's history since its introduction as a rear-engined 600cc sedan in the early 1960s. Today, it most commonly refers to the Mitsubishi Colt subcompact in the company's line-up, but is also the name of MMC's import/distribution company in the United Kingdom, the Colt Car Company, established in 1974. For the first decade of its existence, before Far Eastern auto manufacturers had established their reputations, its cars carried the "Colt" badge in Britain instead of "Mitsubishi".
In 1982 and 1983, Mitsubishi introduced the Australian-built Mitsubishi Sigma to the UK as the Lonsdale Sigma in an attempt to circumvent British import quotas, but the new brand was unsuccessful. It then carried Mitsubishi Sigma badges in 1983–84 before abandoning this operation entirely.
Malaysian manufacturer Proton was initially very dependent on Mitsubishi Motors, assembling their 1985 Proton Saga using mostly MMC components at a newly established facility in Shah Alam. Subsequent models like the Wira and Perdana were based on the Lancer/Colt and Galant/Eterna respectively, before the company finally produced entirely self-developed vehicles, the Waja in 2000, and the Proton Gen-2 in 2004. At its peak, the Proton controlled 75 percent of its domestic market, even after Mitsubishi ended their 22-year partnership in 2005, selling their 7.9 percent stake for RM384 million to Khazanah Nasional Berhad. However, in October 2008, Proton renewed its technology transfer agreements with MMC, and the Proton Inspira (the Proton Waja replacement) was again based on the Mitsubishi Lancer platform and officially launched on 10 November 2010.[ needs update ]
South Korean manufacturer Hyundai, built the Hyundai Pony in 1975 using MMC's Saturn engine and transmissions. Korea's first car, it remained in production for thirteen years. Mitsubishi held up to a 10 percent stake in the company, until disposing of the last of its remaining shares in March 2003.
The 1985 Hyundai Excel was sold in the United States as the Mitsubishi Precis between 1987 and 1994, whereas several other Mitsubishi models were rebadged as Hyundai, namely the Mitsubishi Chariot (as the Hyundai Santamo), the Mitsubishi Pajero (as the Hyundai Galloper) or the Mitsubishi Delica (as the Hyundai Porter) and Mitsubishi Proudia (as the Hyundai Equus).
Indian manufacturer Hindustan had a joint venture with Mitsubishi that started 1998. The plant is located in .
Models produced at the Tiruvallur, Tamil Nadu plant included the: Mitsubishi Pajero Sport (third generation) until 2016.
The South African Motor Corporation (Samcor) (previously also called Sigma Corporation and MMI) was a joint venture created in 1985, which produced Ford, Mazda and Mitsubishi vehicles for the local South African market, with the Mitsubishi Delica being rebadged as the Ford Husky minibus and the Mitsubishi Canter as the Ford Triton light truck.
As of 2006 Mitsubishi had four joint ventures with Chinese partners.
Mitsubishi Motors maintained two retail sales channels that sold specific models, called "Car Plaza" and "Galant Shop". Certain models were exclusive to either channel, while some models were available at both channels, as required by local Japanese market conditions. More recently, due to cancellation of larger sedans, the sales channels have been combined into one franchise that sell all models, including kei cars and commercial delivery vehicles.
In December 2010, Mitsubishi and Nissan agreed to form a joint venture (later named "NMKV Co., Ltd.") to develop kei cars for the Japanese market.
In 2016, Nissan uncovered evidence that Mitsubishi's fuel economy testing numbers were erroneous and had been erroneous since the start of the venture, affecting 625,000 cars produced by NMKV.The result of the "fuel economy scandal" was that Nissan acquired a controlling interest in Mitsubishi, as detailed under "Membership in Renault-Nissan-Mitsubishi Alliance".
The benefits Mitsubishi had seen because of its strong presence in south-east Asia reversed themselves as a result of the economic crisis in the region which began in 1991 with the advent of the collapse of the Japanese asset price bubble, referred to in Japan as the beginning of the Lost Decade and continued to 1997. The collapse was partly the result of the Plaza Accord agreement in 1985, which sought to equalize the United States dollar with the Japanese yen and the German mark. In September of that year the company closed its Thai factory in response to a crash in the country's currency and plummeting consumer demand. The large truck plant, which had produced 8,700 trucks in 1996, was shut down indefinitely. In addition, Mitsubishi had little support from sales in Japan, which slowed considerably throughout 1997 and were affected by that country's own economic uncertainty into 1998. Other Japanese automakers, such as Toyota and Honda, bolstered their own slipping domestic sales with success in the U.S. However, with a comparatively small percentage of the American market, the impact of the turmoil in the Asian economy had a greater effect on Mitsubishi, and the company's 1997 losses were the worst in its history. In addition, it lost both its rank as the third largest automaker in Japan to Mazda, and market share overseas. Its stock price fell precipitously, prompting the company to cancel its year-end dividend payment.
In November 1997, Mitsubishi hired Katsuhiko Kawasoe to replace Takemune Kimura as company president. Kawasoe unveiled an aggressive restructuring program that aimed to cut costs by ¥350 billion in three years, reduce personnel by 1,400, and return the company to profitability by 1998. But while the program had some initial success, the company's sales were still stagnant as the Asian economy continued to sputter. In 1999, Mitsubishi was forced once again to skip dividend payments. Its interest-bearing debt totalled ¥1.7 trillion.
In what was referred to as "one of the largest corporate scandals in Japanese history",Mitsubishi was twice forced to admit to systematically covering up defect problems in its vehicles. Four defects were first publicised in 2000, but in 2004 it confessed to 26 more going back as far as 1977, including failing brakes, fuel leaks and malfunctioning clutches. The effect on the company was catastrophic, forcing it to recall 163,707 cars (156,433 in Japan and 7,274 overseas) for free repair. Further recalls by Fuso truck & bus brought the total number of vehicles requiring repair to almost one million. The affair led to the resignation and subsequent arrest of president Kawasoe, along with 23 other employees who were also implicated. Three of them have since been acquitted, with the judge stating that there was no official request from the Transport Ministry ordering them to submit a defect report.
In an effort to boost sales in the U.S. in the early 2000s, Mitsubishi began offering a "0–0–0" finance offer—0% down, 0% interest, and $0 monthly payments (all repayments deferred for 12 months). Initially, sales leapt, but at the end of the year's "grace period" numerous credit-risky buyers defaulted, leaving Mitsubishi with used vehicles for which they had received no money and which were now worth less than they cost to manufacture. The company's American credit operation, MMCA, was eventually forced to make a US$454 million provision against its 2003 accounts as a result of these losses. As a result, sales plummeted to 243,000 in 2003, 139,000 in 2004, 124,000 in 2005, and 119,000 in 2006.
In October 2005, Mitsubishi Motors Australia introduced the Mitsubishi 380 to the Australian market as the replacement for its long-running Mitsubishi Magna, and the sole vehicle being built at its Australian assembly plant at Clovelly Park. Despite an investment of A$600 million developing the car, initial sales projections proved optimistic; after only six months Mitsubishi scaled back production from 90/day, and reduced the working week from five days to four. It remained an ongoing concern in the Australian auto industry as to whether this would be sufficient to restore the plant to profitability and ensure its long-term survival.
The drop in local sales could not be mitigated by exports outside of the Australian and New Zealand market. On 5 February 2008, Mitsubishi Motors Australia announced it would be closing down its Adelaide assembly plant by the end of March. Between 700 and 1,000 direct jobs would be lost and up to 2,000 jobs will be lost in industries supporting Mitsubishi's local manufacturing operations.
With operating losses ¥22 billion ($287 million) in Europe for the fiscal year to March due to stagnant sales in a continent beset by uncertainty of a raging debt crisis.[ citation needed ] In February 2012, Mitsubishi decided to stop production in Western Europe by the end of 2012. On 1 October, it was announced that the Dutch industrial conglomerate VDL Groep had taken over NedCar from Mitsubishi, retaining all 1,500 employees.
In 1988, Mitsubishi opened a production facility in the United States in Normal, Illinois. The facility was known as Diamond-Star Motors and was initially a joint venture with Chrysler, however Chrysler sold its stake in the plant to Mitsubishi in 1993. After 1995 the facility was known as Mitsubishi Motors Manufacturing America (MMMA). At its peak in 2000, the facility produced over 222,000 vehicles per year, however following the decline of Mitsubishi in North America, the plant operated well below capacity for years.
Finally, in July 2015, Mitsubishi announced that it would close the plant by November, but would continue to sell automobiles in North America. In 2014, the plant had produced just 69,000 vehicles, roughly one quarter of its capacity.Production at the plant ended on 30 November 2015, and most of the employees were laid off. The plant continued to operate with a minimal staff to produce replacement parts until May 2016, after which it closed permanently.
Mitsubishi announced that the company would leave the UK market due to financial reasons by Fall 2021.Afterwards, Mitsubishi's British presence will be limited to aftersales.
In early 2016, Mitsubishi partner Nissan found discrepancies between Mitsubishi information and actual fuel consumption while working in new micro cars for both companies, the eK Wagon, eK Space, Nissan Dayz and Nissan Dayz Roox.At the time, Mitsubishi manufactured micro cars ("kei cars") for Nissan, which had never produced that class of vehicle itself. Mitsubishi admitted that they had been giving wrong information on fuel consumption from 2002 onwards, using inaccurate test methods. Later, the company said it used fuel economy testing methods that did not comply with Japanese regulations for 25 years, much longer than previously known. Mitsubishi management said they did not know about the issue and that the wrong information came from the micro car development department. They ordered an investigation led by investigators not affiliated with the company. The resultant scandal culminated in Nissan acquiring a controlling interest in MMC in May 2016. As a consequence, Nissan agreed to invest 237.4 billion yen (US$2.2 billion) in exchange for receiving a 34% controlling ownership stake in Mitsubishi Motors.
Due to dilution of existing shares, other Mitsubishi group companies (Mitsubishi Heavy Industries, Mitsubishi Corp., and Bank of Tokyo-Mitsubishi UFJ) will see their combined holdings in Mitsubishi Motors fall to about 20% from 34% currently.
Mitsubishi Motors North America stated that vehicles sold from 2013 in the United States featured accurate fuel economy information and were thereby not affected by the scandal.
In May 2016, Mitsubishi Motors announced Tetsuro Aikawa to resign as the president of the company in effect on June. Both Mitsubishi Motors and Aikawa denied any top management involvement in the mileage scandal. The company said much of the mileage-testing work was assigned to a subsidiary and there was a lack of scrutiny of such work.
After a starvation of new investment caused by lack of cashflow, the company introduced the award-winning Mitsubishi i kei car in 2006, its first new model in 29 months, while a revised Outlander has been introduced worldwide to compete in the popular XUV market niche.The next generation of its Lancer and Lancer Evolution was launched in 2007 and 2008.
Slow selling vehicles were eliminated from the U.S. market, purchase projections for the Global Engine Manufacturing Alliance have been scaled back, and 10,000 jobs have been shed to cut costs with 3,400 workers at its Australian plant and other loss-making operations still under threat. Meanwhile, in an effort to increase production at its U.S. facility,new export markets for the Eclipse and Galant are being explored in Ukraine, the Middle East, and Russia, where the company's bestselling dealership is located. Mitsubishi has also been active in OEM production of cars for Nissan, and announced a similar partnership with Groupe PSA in July 2005 to manufacture an SUV on their behalf.
Mitsubishi reported its first profitable quarter in four years in the third quarter of 2006,and returned to profitability by the end of the 2006 financial year, and sustained profitability and global sales of 1,524,000 through 2007 and later.
In January 2011, the company announced its next mid-term business plan to introduce eight hybrid and battery-powered models by 2015. It aimed to sell its first two plug-in hybrids by fiscal 2012.
In May 2016 Nissan announced a controlling purchase of Mitsubishi Motors for an estimated 2 billion U.S. dollars. Nissan stated that there are no major changes planned for Mitsubishi Motors and sharing of technologies and platforms can be expected between the two automobile manufactures.
In 2014 Tetsuro Aikawa was appointed as the president of the company, becoming the first in more than a decade to have spent an entire career at the company. The career of Aikawa had been mainly in product development although he was involved in manufacturing and Japan domestic sales lately. Osamu Masuko, the previous president, joined the company from Mitsubishi Corp. in 2004. MMC endured eight presidents between 1989 and 2004.
Mitsubishi Motors started selling its i MiEV, the all-electric mini-car with a lithium-ion battery pack tucked under its floor, to retail customers in the summer 2009, a year ahead of schedule. The automaker had initially planned to start leasing the minicar-based vehicle to businesses and municipalities in the summer 2009 and to wait until 2010 for the retail launch.It has also announced its plans to offer five other e-drive vehicles.
Mitsubishi Motors aims to cut the price of its electric vehicles to 2 million yen ($21,890) by fiscal 2012—down 30 percent.
Mitsubishi has almost half a century of international motorsport experience, predating even the incorporation of MMC. Beginning with street races in the early 1960s, the company found itself gravitating towards the challenge of off-road racing. It dominated endurance rallies in the 1970s, the Dakar Rally from the '80s, and the Group A and Group N classes of the World Rally Championship through the 1990s. Ralliart (later Mitsubishi Motors Motor Sports), was Mitsubishi's racing subsidiary, although the company ceased competing formally in 2010.
Mitsubishi's motorsport debut was in touring car racing in 1962, when it entered its Mitsubishi 500 Super DeLuxe in the Macau Grand Prix in an effort to promote sales of its first post-war passenger car. In an auspicious debut, the diminutive rear-engined sedan swept the top four places in the "Under 750 cc" category, with Kazuo Togawa taking class honours. The company returned the following year with their new Colt 600 and again swept the podium with a 1–2–3 in the "Under 600 cc" class. In its final year of competition with touring cars in 1966, Mitsubishi scored a podium clean sweep in the "750–1000 cc" class of the 1964 Japanese Grand Prix with the Colt 1000, their first front-engined competition vehicle.
The company began concentrating on the Japanese GP's emerging open-wheel "formula car" categories from 1966, winning the "Exhibition" class. They also scored class 1–2 in 1967 and 1968, and reached the podium in 1969 and 1970.They finished on a high with an overall 1–2 in the 1971 Japan GP, with the two litre DOHC F2000 driven by Kuniomi Nagamatsu.
The East African Safari Rally was by far the most gruelling event on the World Rally Championship calendar in the 1970s. MMC developed the Lancer 1600 GSR specifically for the marathon race, and won at the first attempt in 1974. Their highpoint was a clean sweep of the podium places in 1976 in an event where only 20 percent of the starters typically reached the finish. They also achieved a 1–2–3–4 in the 1973 Southern Cross Rally, the first of four consecutive victories in this event with drivers Andrew Cowan and Kenjiro Shinozuka.
During the 1980s Mitsubishi continued to participate in the WRC, first with the Lancer EX2000 Turbo and the Starion. It then scored its first outright Group A victories with a Galant VR-4 in the late '80s, Mitsubishi homologated the Lancer Evolution, and in the hands of Finland's Tommi Mäkinen, winner of the drivers' title for four consecutive years (1996–1999), they won the manufacturers' championship in 1998. They have won 34 WRC events since 1973.The Lancer Evo has also dominated the FIA championship for showroom-ready cars, winning seven consecutive Group N titles with four different drivers from 1995 to 2001. Even in 2002 when it ostensibly lost the title, the class-winning manufacturer was Proton using a Lancer Evo-based Pert.
Mitsubishi is also the most successful manufacturer in the history of the Dakar Rally. MMC's maiden entry was in 1983 with their new Pajero, and it took only three attempts to find a winning formula. Since then, they have won in 1992, 1993, 1997, 1998, and between 2001 and 2007, an unprecedented seven consecutive victories and twelfth overall with nine different drivers.They also won the 2003 FIA Cross-Country Rally World Cup, along with Carlos Sousa.
Mitsubishi has had a 30-year-long association with actor Jackie Chan, who has used their vehicles almost exclusively in his movies throughout his career.The Jackie Chan Cup, first held in 1984, is an annual celebrity auto race involving international motor journalists and starlets from across Asia in Mitsubishis with professional touring car drivers alongside for assistance, and was held before the Macau GP until 2004 when it moved to Shanghai. In September 2005 Ralliart, Mitsubishi's motorsport arm, produced 50 Jackie Chan Special Edition versions of the Lancer Evo IX; Chan acts as the honorary director of Team Ralliart China.
|Top 10 Mitsubishi Motors vehicle sales|
by country, 2018
The company has vehicle manufacturing facilities in Japan, the Philippines, Thailand, and Indonesia, and twelve plants co-owned in partnership with others.In Brazil, it has a production agreement with a local group with no direct investment from MMC. It also has three further engine and transmission manufacturing plants, five R&D centres and 75 subsidiaries, affiliates and partners. Its vehicles are manufactured, assembled or sold in more than 160 countries worldwide.
Former production facilities
The Mitsubishi Fuso Truck and Bus Corporation is a manufacturer of trucks and buses. It is headquartered in Kawasaki, Kanagawa, Japan. Currently, it is 89.29 %-owned by Germany-based Daimler AG, under the Daimler Trucks division.
Diamond-Star Motors (DSM) was an automobile-manufacturing joint venture between the Chrysler Corporation and Mitsubishi Motors Corporation (MMC). The name came from the parent companies' respective logos: three diamonds (Mitsubishi) and a pentastar (Chrysler). Diamond-Star Motors was officially renamed Mitsubishi Motor Manufacturing of America, Inc. (MMMA) in 1995, four years after Mitsubishi took sole control of the plant, and from 2002 to 2016 its official name had been Mitsubishi Motors North America, Inc. (MMNA) Manufacturing Division.
The Mitsubishi Galant is an automobile which was produced by Japanese manufacturer Mitsubishi from 1969 to 2012. The model name was derived from the French word galant, meaning "chivalrous". There have been nine distinct generations with total cumulative sales exceeding five million units. It began as a compact sedan, but over the course of its life evolved into a mid-size car. Initial production was based in Japan, but from 1994 the American market was served by vehicles assembled at the former Diamond-Star Motors (DSM) facility in Normal, Illinois.
The Mitsubishi Mirage is a range of cars produced by the Japanese manufacturer Mitsubishi from 1978 to 2003 and again since 2012. The hatchback models produced between 1978 and 2003 were classified as subcompact cars, while the sedan and station wagon models, marketed prominently as the Mitsubishi Lancer, were the compact offerings. The liftback introduced in 1988 complemented the sedan as an additional compact offering, and the coupé of 1991 fitted in with the subcompact range. The current Mirage model is a subcompact hatchback and sedan and it replaces the Mitsubishi Colt sold between 2002 and 2012.
China Motor Corporation is an automobile manufacturer based in Taipei, Taiwan.
Mitsubishi platforms are the automobile platforms used by Mitsubishi Motors for their production automobiles. Mirroring trends throughout the automotive industry, the company is reducing the number of distinct platforms, and increasing platform sharing across its ranges. Following DaimlerChrysler's purchase of a controlling stake in Mitsubishi in 2001, part of the subsequent cost-cutting drive initiated by Rolf Eckrodt upon his employment as chief executive officer of MMC was to reduce the number of platforms from twelve to six. Similarly, Stefan Jacoby, the CEO of Mitsubishi Motor Sales Europe, expressed concern in 2002 that the company would need to rationalize its platforms, even if the number of models sold were to increase.
The Mitsubishi Chariot is a small multi-purpose vehicle (MPV) manufactured and marketed by Mitsubishi from 1983 to 2003. Based on the SSW concept car first exhibited at the 23rd Tokyo Motor Show in 1979, the MPV derives its nameplate from chariots used by the ancient Greek and Roman Empires.
Mitsubishi Motors Australia Limited (MMAL) is a fully owned subsidiary of parent company Mitsubishi Motors Corporation of Japan. The company was established in 1980 and began vehicle manufacturing in that year, having taken over the facilities of Chrysler Australia. Australian production ceased in 2008 and since that time the company has been exclusively a vehicle importer.
Lists of automobile-related articles cover a wide range of topics related to cars. The lists are organized by manufacturer, region, sport, technology and so on.
JATCO Ltd, abbreviated from "Japan Automatic Transmission COmpany", is a company that manufactures automatic transmissions for automobiles.
Mitsubishi Motors North America, Inc. is the North American operation of Mitsubishi Motors Corporation, overseeing sales, manufacturing and research and development functions. The company manufactures and sells Mitsubishi brand cars and sport utility vehicles through a network of approximately 440 dealers in Canada (90) and the United States (350).
Mitsubishi Motors Philippines Corporation (MMPC) is the Philippine operation of Mitsubishi Motors Corporation (MMC), where it is the second-biggest seller of automobiles. MMPC is one of MMC's four manufacturing facilities outside Japan, and currently produces the Mitsubishi Mirage, Mirage G4, and the L300. From 1987 to 2018, MMPC was the distributor of Mitsubishi Fuso commercial vehicles in the Philippines until Sojitz Fuso Philippines Corporation was established in September 2018. The company's slogan is "Drive your Ambition", which has been part of Mitsubishi Motors' global rebranding since 2018.
Mitsubishi Motors (Thailand) is the Thai operation of Mitsubishi Motors Corporation. It became the first Thai automobile manufacturer to export vehicles overseas in 1988, and has remained the country's largest exporter every year since.
The DaimlerChrysler–Mitsubishi alliance refers to the 69-month period during which U.S.-German automaker DaimlerChrysler AG (DCX) held a controlling stake in Mitsubishi Motors Corporation (MMC). First established on March 27, 2000 with the signing of a letter of intent, it was initiated by Jürgen E. Schrempp, the chairman of DCX, who was attempting to build what he called a "Welt AG" which would have as widespread a presence across worldwide automotive markets as its rivals. The merger with the Chrysler Corporation had increased Daimler-Benz's share of the North American market, and Mitsubishi Motors offered a gateway to Asia.
A substantial car industry was created in Australia in the 20th century through the opening of Australian plants by international manufacturers. The first major carmaker was Ford Australia and the first Australian-designed mass production car was manufactured by Holden in 1948. Australian manufacture of cars rose to a maximum of almost half a million in the 1970s and still exceeded 400,000 in 2004. Australia was best known for the design and production of 'large' sized passenger vehicles. By 2009 total production had fallen to around 175,000 and the Australian market was dominated by cars imported from Asia and Europe.
This article provides an overview of the automotive industry in countries around the world.
The automotive industry in Japan is one of the most prominent and largest industries in the world. Japan has been in the top three of the countries with most cars manufactured since the 1960s, surpassing Germany. The automotive industry in Japan rapidly increased from the 1970s to the 1990s and in the 1980s and 1990s, overtook the U.S. as the production leader with up to 13 million cars per year manufactured and significant exports. After massive ramp-up by China in the 2000s and fluctuating U.S. output, Japan is currently the third largest automotive producer in the world with an annual production of 9.9 million automobiles in 2012. Japanese investments helped grow the auto industry in many countries throughout the last few decades.
South Africa is traditionally the leader in Africa of the automotive industry and now produces more than half a million automobiles annually of all types. While domestic development of trucks and military vehicles exists, cars built under license of foreign brands are the mainstay.
As of 2017, the automotive industry in Thailand was the largest in Southeast Asia and the 12th largest in the world. The Thai industry has an annual output of near two million vehicles, more than countries such as Belgium, the United Kingdom, Italy, Czech Republic and Turkey.
The automotive industry in the Philippines is the 9th largest in the Asia-Pacific region, with approximately 273.4 thousand vehicles sold in 2019. Most of the vehicles sold and built in the Philippines are from foreign brands, for the most part, the Philippines is dominated by Japanese automobile manufacturers like most of its ASEAN neighbors. The automobile production in the country is covered under the Philippine Motor Vehicle Development Program being implemented by the Board of Investments. In addition, there are also a small number of independent firms who assemble and fabricate jeepneys and other similar vehicles, using surplus engines and drivetrain parts mostly from Japan.
We are a full member of the Renault-Nissan alliance from today
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|Kei sedan||Minica||Minica 70-73||Minica F4||Minica 5||Minica Ami 55|
|Kei truck/Microvan||360 Van/Pickup||Minica Van||Minica 5 Van||Minica 55 Van|
|Minicab||Minicab EL||Minicab W||Minicab 5||Minicab Wide 55|
|Subcompact||500||Colt 600||Colt 800/1000F/1100F||Colt 11-F||Mirage/Colt|
|Compact||Colt 1000/1100||Lancer||Lancer EX|
|Colt 1500||New Colt (1200/1500)||(Colt) Galant||Galant||Galant Σ|
|Sports coupé||Galant FTO||Lancer Celeste|
|Galant GTO||Galant Λ|
|Van||Delica T100||Delica T120/75||Delica T120/1400||Delica|
|Kei car/City car||Minica||Minica/Towny||Minica/Towny||Minica||Minica|
|Minica Toppo||Minica Toppo||Toppo BJ||Toppo|
|Mirage/Colt A150||Mirage/Colt/Lancer C10/C30||Mirage/Colt/Lancer C50-C80||Mirage/Colt/Lancer CA-CD||Mirage/Colt CJ-CM||Colt|
|Mirage/Lancer Fiore A150||Lancer CK/CM|
|Compact||Lancer Van A140||Mirage/Lancer Wagon C10/C30||Lancer Wagon/Libero CB/CD||Lancer/Cedia Wagon|
|Lancer EX A170||Lancer/Cedia/Galant Fortis|
|Mid-size||Galant||Galant A160||Galant/Eterna E10||Galant/Eterna E30||Galant/Eterna E50-E80||Galant/Aspire/Legnum EA/EC|
|Luxury||Debonair A30||Debonair S10||Debonair S20||Proudia|
|Sports car||Lancer Evolution I||Lancer Evo II||Lancer Evolution III||Lancer Evolution IV||Lancer Evo V||Lancer Evolution VI||Lancer Evolution VII||Lancer Evolution VIII||Lancer Evolution IX||Lancer Evolution X|
|Small MPV||Dingo||Colt Plus|
|Crossover||RVR/Space Runner/Expo LRV||RVR/Space Runner||Airtrek/Outlander||Outlander|
|MPV||Chariot/Nimbus/Space Wagon||Chariot/Expo/Nimbus/Space Wagon||Chariot Grandis/Nimbus/Space Wagon||Grandis/Space Wagon|
|Mini SUV||Pajero Mini||Pajero Mini|
|Pajero Junior||Pajero iO/Pinin/TR4||Pajero TR4 (Brazil)|
|SUV||Challenger/Pajero/Montero/Shogun Sport||Pajero/Montero/Shogun Sport|
|Delica Space Gear/L400/Starwagon||Delica D:5|
|Pickup truck||Forte/L200/Mighty Max||L200/Triton/Strada/Mighty Max||L200/Triton/Strada||L200/Triton/Strada|
|Light commercial vehicle||L100||Jetstar||Colt T120SS|
|Delica/L300 (2nd generation truck)||Delica/L300 (3rd gen truck)||Delica Truck/Van, Delica Cargo (rebadged Mazda)|
|Kei car / City car||Minica|
|Toppo||eK Space||eK Space|
|Town Box||Town Box / Minicab|
|Subcompact||Colt||Mirage / Space Star|
|Mirage G4 / Attrage|
|Compact||Lancer / Virage / Lancer Fortis / Cedia||Grand Lancer|
|Galant Fortis / Lancer|
|Sport compact||Lancer Evolution X|
|Mini MPV||Colt Plus|
|Compact MPV||Delica D:3|
|Freeca / Adventure / Kuda / Jolie|
|Large MPV||Grandis / Space Wagon|
|Compact crossover SUV||RVR / ASX / Outlander Sport|
|Mid-size crossover SUV||Outlander||Outlander||Outlander|
|Mini SUV||Type 73|
|Mid-size SUV||Challenger / Pajero Sport / Montero Sport / Nativa||Pajero Sport / Montero Sport / Shogun Sport|
|Pajero / Montero / Pajero Super Exceed|
|Pickup truck||Strada / L200 / Triton / Sportero / Hunter||Strada / L200 / Triton|
|Light commercial vehicle||Colt T120SS|
|Delica / L300 (second generation)|
|Delica / L300 (third generation)|
|Lancer Evo VIII||Lancer Evo IX||Lancer Evo X|
|Compact MPV||Expo LRV|
|Large MPV||Space Wagon||Expo|
|Compact crossover||Outlander Sport / RVR|
|Mid-size SUV||Montero Sport||Montero Sport||Montero Sport|
|Full-size SUV||Montero||Montero||Montero||Montero||Montero Limited|
|Pickup||Mighty Max||Mighty Max||Raider||L200||L200|