The origin of Mitsubishi goes back to 1870, when the founder, Yataro Iwasaki, started a shipping firm with three aging steamships. Yataro's brother, son and nephew expanded the business into various fields during their respective terms as president and set the foundation of the Mitsubishi companies. After WWII, the original Mitsubishi organization was disbanded to become independent companies as they are today.
Mitsubishi Motors Corporation( Mitsubishi Jidosha Kogyo Kabushiki Kaisha) is the sixth largest automaker in Japan and the seventeenth largest in the world by global vehicle production.It is part of the Mitsubishi keiretsu, formerly the biggest industrial group in Japan, and was formed in 1970 from the automotive division of Mitsubishi Heavy Industries.
Mitsubishi has almost half a century of international motorsport experience, predating even the incorporation of MMC. Beginning with street races in the early 1960s, the company found itself gravitating towards the challenge of off-road racing. It dominated endurance rallies in the 1970s, the Dakar Rally from the '80s, and the Group A and Group N classes of the World Rally Championship through the '90s. Ralliart is Mitsubishi's Motorsport subsidiary.
The company has seven vehicle manufacturing facilities in five countries, Japan, Netherlands, Philippines, Thailand, United States, and around 20 plants co-owned in partnership with others. It also has three further engine and transmission manufacturing plants, three R&D centres and 136 subsidiaries, affiliates and partners. Its vehicles are manufactured, assembled or sold in more than 170 countries worldwide.