Mitsubishi Motors’ History
Date
Outline
April 1970
Mitsubishi Motors Corporation (MMC) incorporated as wholly-owned subsidiary of Mitsubishi
Heavy Industries, Ltd. (MHI)
June 1970
MMC started business taking over MHI motor vehicle division operations. MHI’s certain facilities of Kyoto Works (presently Kyoto Works Kyoto Plant), Nagoya Motor Vehicle Works (presently Okazaki Plant), Mizushima Motor Vehicle Works (presently Mizushima Plant) and one other
Vehicle Works transferred from MHI to MMC
August 1977
MMC commissioned Nagoya Motor Vehicle Works (presently Okazaki Plant) -Okazaki Plant
December 1979
MMC commissioned Kyoto Works - Shiga Plant
October 1980
MMC and Mitsubishi Corporation jointly established Mitsubishi Motors Australia Ltd. (MMAL)
(MMC subsequently acquired all MMAL shares in December 2001)
October 1984
MMC took over management of Mitsubishi Motor Sales Co., Ltd. (established in October 1964)
October 1985
MMC established Diamond-Star Motors Corporation (DSM) as a joint venture company with
Chrysler Corporation (MMC subsequently acquired all DSM shares in October 1991 and renamed
“Mitsubishi Motor Manufacturing of America, Inc.” (MMMA) in July 1995)
December 1988
MMC shares listed on First Section of Tokyo, Osaka and Nagoya stock exchanges (MMC shares
delisted from Nagoya Stock Exchange in November 2003 and delisted from Osaka Stock
Exchange in November 2009)
March 1995
MMC acquired the majority of shares in Toyo Koki Co. Ltd. (renamed “Pajero Manufacturing Co.,
Ltd.” (PMC) in July 1995 and MMC subsequently acquired all PMC shares in March 2003)
Major Successive Models
1970’s—
1980’s—
1990’s—
Lancer Evolution (1992)
Galant GTO (1970)
Pajero (Montero, Shogun) (1982)
Lancer (1973)
Strada (1986)
Minicab EL Truck (1971)
Delica Star Wagon (1979)
Starion (1982)
Minica F4 (1972)
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Jeep J-58 (1975)
MITSUBISHI MOTORS CORPORATION
Tredia (1982)
Diamante/Sigma (1990)
RVR (1991)
Date
Outline
November 1996 MMC commissioned Tokachi Proving Ground in Hokkaido.
March 2000
MMC signed basic agreement on business alliance for overall passenger vehicle operations
including capital participation with DaimlerChrysler AG (DaimlerChrysler AG acquired 34% of
shares in MMC in October 2000 and subsequently sold all shares in November 2005)
January 2003
MMC spun off truck and bus operations into a separate company, incorporating them as
Mitsubishi Fuso Truck and Bus Corporation (MFTBC)
March 2003
MMC transferred a 43% stake in MFTBC to DaimlerChrysler AG and a collective 15% stake to 10
Mitsubishi group firms, leaving it with a shareholding of 42% in MFTBC (MMC transferred all
remaining MFTBC shares to DaimlerChrysler AG in March 2005)
March 2008
April 2010
Car production terminated at MMAL
Triton
Established a new plant in Russia under the agreement between MMC and France’s PSA
Peugeot Citroen
December 2012
MMC and MME transferred all shares in Netherlands Car B.V. to VDL Groep B.V. in the
Netherlands
March 2015
MMC and Mitsubishi Corporation jointly established PT Mitsubishi Motors Krama Yudha Indonesia
(MMKI)
November 2015 Car production terminated at MMNA
May 2016
MMC and Nissan Motor Co., Ltd. signed Strategic Alliance Agreement regarding Capital and
Business Alliance (Nissan Motor Co., Ltd. acquired 34% of shares in MMC in October 2016)
June 2019
MMC made the transition to a company with three committees
2000’s—
2010’s—
Attrage (2013)
eK Wagon (2001)
i-MiEV (2009)
Outlander (2005)
XPANDER (2017)
Outlander PHEV (2012)
Challenger (1996)
Triton (2005)
Eclipse Cross (2017)
Integrated Report 2021
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