Overview Of Mitsubishi Cars
One of the largest vehicle manufacturers in the world is called Mitsubishi Motors Corporation. Based in Japan, it got its start back in 1917. It started with a saloon, and has since become a very successful multibillion-pound company with assets that are right around $1.5 trillion. It has come a long way since its origins, subsequently building ships, aircraft, and machinery during times of war. Today, it is known for producing not only automobiles, but a multitude of other products, and is one of the more recognizable names when you make these types of purchases. Here is an overview of Mitsubishi cars and what they sell today.
The Cars That Mitsubishi Is Sold
Mitsubishi has manufactured and sold a multitude of different vehicles. When it became recognized worldwide, part of that has to do with its alliance with Chrysler. This company, based in the United States, started working with Mitsubishi, and this continued on into the 1980s. It was then that it produced over a million cars, and to avoid bankruptcy, Chrysler ended up selling its Mitsubishi manufacturing company in Australia. It was 1982 that marked its journey into the American market selling vehicles in just 22 states. By the late 1980s, it went public on the stock market, subsequently expanding into different countries like Thailand, Malaysia and the Philippines. By the 1990s, after intending to take over Honda, it began to rise in popularity, controlling over 11% of the car sales worldwide.
In 2016, the company Nissan began an acquisition of Mitsubishi, trying to take over the majority share of the Renault-Nissan Alliance. There were also joint ventures were done with companies like Volvo prior to this acquisition, and there was some interaction with the Ford company. It was through these alliances, plus joint ventures with Chinese companies, that it continued to grow in size. Despite the controlling purchase that was done by Nissan, Mitsubishi continues to be one of the top manufacturers of vehicles in the world today.
After getting its start over 100 years ago, Mitsubishi has come a long way. There have been many ups and downs, but through alliances, and fending off takeovers, it is still one of the strongest automobile manufacturers. It has upgraded its vehicles, keeping up with changes related to fuel efficiency and modern electronic computer systems that were integrated. It will likely continue to move forward is one of the top producers of automobiles, a business that will be here for many years to come.
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