Mitsubishi Motors

Mitsubishi Motors Corporation
Native name
三菱自動車工業株式会社
Mitsubishi Jidōsha Kōgyō KK
Company typePublic
TYO: 7211
IndustryAutomotive
PredecessorMitsubishi Heavy Industries Automobile Division
Founded22 April 1970; 54 years ago (1970-04-22)
HeadquartersTamachi Station Tower S, ,
Japan
Key people
Products
Production output
Decrease 1,010,353 vehicles (FY2024)[2]
RevenueIncrease ¥2.789 trillion (FY2024)[3]
Increase ¥190.971 billion (FY2024)[3]
Decrease ¥154.709 billion (FY2024)[3]
Total assetsIncrease ¥2.454 trillion (FY2024)[3]
Total equityIncrease ¥1.044 trilion (FY2024)[3]
Owners

(as of 30 September 2023)

Number of employees
42,625 (total)
13,829 (non-consolidated) 28,796 (consolidated)
(as of 10 November 2022)[5]
Subsidiaries
Websitewww.mitsubishi-motors.com

Mitsubishi Motors Corporation (三菱自動車工業株式会社, Mitsubishi Jidōsha Kōgyō KK, lit.'Mitsubishi Automotive Industry Company', /mɪtsʊˈbʃi/, Japanese pronunciation: [mitsɯꜜbiɕi]) is a Japanese multinational automobile manufacturer headquartered in Minato, Tokyo, Japan.[6] In 2011, Mitsubishi Motors was the sixth-largest Japanese automaker and the 19th-largest worldwide by production.[7] Since October 2016, Mitsubishi has been one-third (34%) owned by Nissan, and included in the Renault–Nissan–Mitsubishi Alliance.[8]

Besides being part of the Renault–Nissan–Mitsubishi Alliance, it is also a part of Mitsubishi keiretsu, formerly the biggest industrial group in Japan. The company was originally formed in 1970 from the automotive division of Mitsubishi Heavy Industries.[9]

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 owned by German automotive corporation Daimler Truck, with Mitsubishi continuing to own a small stake.

  1. ^ "Members of the Board, Tomofumi Hiraku, Chairman of the Board, Outside Director". Retrieved 2024-01-06.
  2. ^ "Mitsubishi Motors Announces Production, Sales and Export Figures for March 2024 and 2023 Fiscal Year(News Release)". MITSUBISHI MOTORS. Retrieved 2024-05-17.
  3. ^ a b c d e "Mitsubishi Motors Announces Its Full Year Financial Results for FY2023(News Release)". MITSUBISHI MOTORS. Retrieved 2024-05-17.
  4. ^ "Nissan buying $2.2 billion controlling stake in scandal-hit..." Reuters. 12 May 2016 – via www.reuters.com.
  5. ^ "Company Profile|Mitsubishi Motors". mitsubishi-motors.com. Retrieved 11 October 2022.
  6. ^ Corporate Profile Archived 27 September 2011 at the Wayback Machine, Mitsubishi Motors website, 19 June 2008
  7. ^ "World motor vehicle production OICA correspondents survey without double counts world ranking of manufacturers year 2011" (PDF).
  8. ^ "Nissan takes control of Mitsubishi with Ghosn as chairman". Automotive News Europe. 20 October 2016. Retrieved 20 October 2016. We are a full member of the Renault-Nissan alliance from today
  9. ^ History of Mitsubishi, Funding Universe (subscription required)