Mitsubishi Motors Corporation
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- Mitsubishi Motors Corporation Mitsubishi Motors Corporation (MMTOF) manufactures and sells passenger vehicles, sport utility vehicles, pickup trucks, and plug-in hybrid electric vehicles worldwide; its core offerings include the Outlander PHEV, the world's first plug-in hybrid SUV launched in 2013, the i-MiEV, the first mass-produced electric vehicle in 2009, and models such as the Eclipse Cross, ASX, Triton pickup, and L200; the company also produces engines, transmissions, and related parts through facilities like the Okazaki Plant for SUVs, Mizushima Plant for light vehicles and electric vehicles, and Kyoto Works for powertrains. Headquartered in Minato-ku, Tokyo, Japan, and founded in 1970 as a subsidiary of Mitsubishi Heavy Industries, Mitsubishi Motors Corporation operates production plants in Japan, Thailand, Indonesia, the Philippines, and other ASEAN countries, with vehicles sold in over 160 countries across Asia, Europe, North America, Australia, and emerging markets; it maintains research and development centers in Japan, the United States, and Germany, employs approximately 28,000 people consolidated, and focuses on electrification with a goal of 100% electrified vehicle sales by 2035. Recent developments include repurchasing up to 10.02% of its own shares from Nissan Motor Co., Ltd. in November 2024 to improve capital efficiency and reduce cross-shareholdings while maintaining alliance collaboration; increasing its stake in Australian fleet management firm FleetPartners Group Limited to 19.93% in September 2025 to strengthen operations in Australia and New Zealand; and joining discussions in late 2024 for potential integration with Nissan and Honda on electric vehicle development and a broader merger to form the third-largest auto group by sales.
Company News
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