Mitsubishi Motors Corporation (MMC) is owned by parent company Mitsubishi Group and is the automotive division of Mitsubishi Heavy Industries – MHI being just one of the core companies of the Mitsubishi Group conglomerate.
Life for MMC began when Mitsubishi Shipbuilding Company made the company’s first vehicle in 1917 – the Mitsubishi Model A. Two decades later in 1934, Mitsubishi Shipbuilding Company joined forces with Mitsubishi Aircraft Company Ltd and later became Mitsubishi Heavy Industries Ltd (MHI), amalgamating all of Mitsubishi Group’s engineering and manufacturing industry under one large division; from cars to aircraft and ships.
After the Second World War aftermath, the allied forces ordered the closure of large industrial conglomerates, and in 1950 MHI was divided into three separate companies – West Japan, Central Japan and East Japan Heavy-Industries, respectively. In 1964, Japan’s economy was at a high. Wages were on the up and cars were becoming more affordable. That year saw the three split divisions join together again to form Mitsubishi Heavy Industries once more.
Mitsubishi Motors Corporation (MMC) was born on 22nd April 1970 after the group decided they needed to establish a single operation to keep up with increased demand and to focus 100 per cent on the automotive market.
Mitsubishi Heavy Industries offers a range of products and services that include: Mitsubishi Atomic Industry (a nuclear power company), Mitsubishi Chemical (one of the biggest chemical firms in Japan), air conditioning and refrigeration systems, aerospace systems (spacecraft and rockets), a power generation company and they also own Nikon – the photography and imaging giant.
There is a comparative link between MMC and the other businesses within the Mitsubishi Group. Since 2009 MMC has been one of the motoring stalwarts of pushing for new technology (for example, Mitsubishi i MiEV) and going into 2013 discovered this is the area they want to be known for going forward. This focus on “tomorrow’s technology today” is evident in MMC’s sister companies, especially Nikon – the photography company being a household name in its respective field, which is constantly innovating to try and stay ahead of competitors.
With the vast array of technological companies under the Mitsubishi Group, Mitsubishi Motors Corporation should be well-placed to achieve its targets and goals in the future, if they can maximise the wealth of resources at its disposal.