Mitsubishi Motors Corporation

Source: http://www.mitsubishi-motors.com/corporate/ir/stockinfo/e/index.html (As of 31 Sep 2004). Michael Bloomberg owns 72% of the group and receives an 84.55% share of the profits, and claims credit for the same portion of its charitable giving. Capital Guardian Trust Company 0.82%. It was incorporated as a Delaware Limited Partnership (LP) in 1981 and has has been in business since 1983. 0.88%. Bloomberg L.P. has grown to include a global news service, including television, radio, the Internet and publications. Morgan Securities, Ltd. It provides financial news and data to financial companies and organizations in virtually every country in the world through the Bloomberg Terminal, its core money-generating product.

J.P. Bloomberg L.P. is a financial news service founded by Michael Bloomberg in 1982. (Holder in Trust) 0.93%. The Master Trust Bank of Japan, Ltd. 0.97%.

Morgan Whitefriars Inc. J.P. The Mitsubishi Trust and Banking Corporation 1.45%. 1.63%.

The Bank of Tokyo-Mitsubishi, Ltd. DaimlerChrysler MMC Beteiligungsgesellschaft mbH 1.83%. 1.89%. Phoenix Capital Partners III Co., Ltd.

Morgan Whitefriars Equity Derivative 2.22%. Japan Securities Finance Co., Ltd 2.85%. Mitsubishi Corporation 2.92%. 5.67%.

Phoenix Capital Partners II Co., Ltd. 8.30 %. Mitsubishi Heavy Industries, Ltd. 9.06%.

Phoenix Capital Partners IV Co., Ltd. 11.33%. Phoenix Capital Partners I Co., Ltd. DaimlerChrysler AG 18.88%.

The car has been well-received in the press and by the public, but its staying power and implications for the company as a whole remain to be seen. These rumors proved unfounded, as evidenced by the debut of a fourth-generation Eclipse. In January 2005, there were rumours that Mitsubishi might withdraw from the United States. At this point however, this plan has not been put into action.

Currently, Phoenix Capital has announced intentions to purchase a larger percent of Mitsubishi stock and turn the company into an exclusive manufacturer of sports cars and trucks/SUVs. With the introduction of a newer Lancer that figure may increase. While Russia is still a developing market, Mitsubishi's sales there have already exceeded previous-year sales, and 2005 sales are expected to increase over 70%. Despite this trend is Mitsubishi has seen remarkable growth in Russia.

Similarly, the launch of a new Galant, sold in the US from 2003, was staged over years rather than months, and as of mid-2005 it still has not replaced the mid-1990s model in many nations. Until then, MMC's Thai plant was still producing its predecessor for both domestic and export markets. Although a new Lancer (Lancer Cedia) was available in Japan and the US from around 2000, it failed to introduce this model in many other nations until 2004. In other countries, MMC's product launches have been absymal.

Mitsubishi has also been active in OEM production of cars for Nissan, and has just (July 2005) announced a partnership with PSA Peugeot Citroën to manufacture an SUV. It will, however, get a version of the Dodge Dakota pickup truck, and will continue work with DC on future small cars. In August, 2004, Mitsubishi announced that it would not continue with a plan to have DaimlerChrysler produce a minivan for it. In July, 2004, Mitsubishi announced that it would immediately cancel the slow-selling Diamante, Lancer Sportback station wagon, Montero Sport, and (in 2005) the Montero in the US market, and would scale back purchase projections for the Mitsubishi/Hyundai/Chrysler Global Engine Manufacturing Alliance engines.

At the end of the 3rd qurater, the half year result between April to Sept 2004 showed the company suffered net loss of over 146 billion yen during the period. The announcement followed by massive recalls of over half a million vehicle. By that time, the company had $9 billion debt, with $1.9 billion loss in for the fiscal year ended March 31. Among the 30 defects, 4 had publicized in 2000.

In June, 2004, Mitsubishi Motors admitted it had systematically covered up auto defects for 25 years. However, the company showed marginal year-on-year improvement as of June 2005, indicating that the company's slump may be bottoming out, or even a possible return to form. Mitsubishi's sales in the important US market dropped more than 45 per cent between 2003 and 2004, and the company has fallen behind Mazda in terms of total US sales. DaimlerChrysler has refused to buy more Mitsubishi stock than it already has, and the company is scrambling to develop more cars to both retake the youth market and compete in the mainstream market against companies such as Toyota and Honda.

Mitsubishi is also facing accusations of actively searching for the names of drivers who race their Lancer Evolutions in order to void their warranties (car companies usually void warranties if they find out the customer has raced the vehicle, legitimately or not). Mitsubishi Motor's parent company is dealing with multiple controversies over unfair business practices, the quality of its products, and the mistreatment of employees (for more details, see Mitsubishi article). Ironically, the US youth market aided in the company's economic misfortunes because young buyers would default on their car loans, especially on expensive sports cars like the Eclipse and GTO. With the exception of the Lancer Evolution rally homologation car and Endeavor SUV, sales have dropped drastically, especially in the critical US 18–35 youth market the company once had a hold of.

Mitsubishi has recently fallen on hard economic times. Mitsubishi has also exported car platform designs and manufacturing know-how to Hyundai in South Korea and Proton in Malaysia. In the late 1980s, the Eagle brand was used for some Mitsubishi products in the US. In some countries, Colt was used as the marque.

Many of Mitsubishi's early exports bore Chrysler brands such as Chrysler Valiant (in Australia), Dodge and Plymouth. That began changing in the United States in 1982. For many years, Mitsubishi did not sell in North America under its own brand. Some Chrysler cars use Mitsubishi componentry, but have been gravitating toward more use of Mercedes-Benz componentry, which is considered superior.

Mitsubishi has been engaged in a long-term venture with Chrysler (now DaimlerChrysler), assembling a series of cars and trucks for Chrysler brands since the 1970s. . Mitsubishis are manufactured globally and exported into most major markets, including the Far East, Europe, and the U.S.. Mitsubishi Motors Corporation (in Japanese: 三菱自動車工業株式会社, in romaji Mitsubishi Jidōsha Kōgyō Kabushiki Kaisha) (TYO: 7211) is a Japanese automobile company, manufacturing an extensive range of cars and trucks (see Fuso).

Gas Engine. Diesel Engine (plus to Industrial Engine). Gasoline Engine. Mitsubishi Tredia (1982 - 1990).

Mitsubishi Strada (1991 - Current). Mitsubishi Starion (1982 - 1990). Mitsubishi Space Star & Expo, Chariot (from Hyundai Santamo, Kia Carstar and Plymouth Colt Vista, Eagle Summit Van Wagon). Mitsubishi Space gear (from Hyundai Starex, 1994 - Current).

Mitsubishi Sapporo (from, Plymouth Sapporo, 1976 - 1983). Mitsubishi RVR (1991 - Current). Mitsubishi Raider (2005 - Current). Mitsubishi Proudia (from Hyundai Equus, 1997 - 2004).

Mitsubishi Precis (from Hyundai Excel, 1986 - 1994). Mitsubishi Pajero Mini (1994 - Current). Mitsubishi Pajero Sport/Montero Sport/Challenger (1996 - 2004). Mitsubishi Pajero/Montero (from Hyundai Galloper, 1982 - Current).

Mitsubishi Outlander (2003 - Current). Mitsubishi Nimbus (1983 - Current). Mitsubishi Mirage (1978 - 2001). Mitsubishi Minicab (1966 - Current).

Mitsubishi Minica (1962 - Current). Mitsubishi Mighty Max (1982 - 1996). Mitsubishi Magna. Mitsubishi L200 (1987 - Current).

Mitsubishi Lancer Evolution (1992 - Current). Mitsubishi Lancer (1973 - Current). Mitsubishi GTO (1990 - 1998). Mitsubishi Grandis.

Mitsubishi Galant (from also USA & Canada manufacturing make to 1982, 1969 - Current). Mitsubishi FTO (1994 - 2000). Mitsubishi Forte (1970 - 1986). Mitsubishi Endeavor (2004 - Current).

Mitsubishi eK (a Keicar). Mitsubishi Eclipse (1989 - Current). Mitsubishi Dion (2000 - Current). Mitsubishi Diamante (1990 - 2004).

Mitsubishi Delica & Wagon Van, Colt Van (from Hyundai Grace and Hyundai Porter, 1968 - Current). Mitsubishi Debonair (from Hyundai Grandeur, 1964 - 1999). Mitsubishi Colt (from Dodge Colt and Plymouth Champ, 1965 - 1994). Mitsubishi Cordia (1982 - 1990).

Mitsubishi Carisma (1995 - Current). Mitsubishi Airtrek (2001 - Current). Stuttgart Germany, London UK and Other Europe manufacturing systems. In Europe