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MITSUBISHI MOTORS

Mitsubishi Motors is part of the Mitsubishi Group, one of the largest companies in Japan. It is actually a grouping of 160 companies with interlocking stockholdings and is the largest keiretsu (industrial group) in Japan. There are three core companies--the Mitsubishi Bank, Mitsubishi Corporation (trading), and Mitsubishi Heavy Industries (heavy machinery). There are other important group companies as well, including Mitsubishi Electric and Mitsubishi Motors. The activities of the different companies are coordinated, and leaders of the 29 most important companies in the group meet once a month in Tokyo to exchange information and discuss business and joint projects. The group joined in 1990 in talks with Daimler-Benz of Germany concerning cooperative ventures, including some that would give Mitsubishi greater access to European markets.

Mitsubishi, which in Japanese means "three diamonds," was founded in 1870 as a shipping and trading company. It soon diversified into other areas--mining, banking, and shipbuilding--and would withdraw from shipping in the 1880s in favor of these other businesses. In the 1890s Mitsubishi became a leading investor in Japanese railroads and real estate.

In 1918 the Mitsubishi zaibatsu (or family-controlled conglomerate) spun off its trading businesses in 1918 to form Mitsubishi Trading, the group's purchasing, sales, and central management arm. by World War II, the zaibatsu had become an enormous amalgam of divisions and public companies, and during the war the group manufactured warplanes, ships, and explosives for the military. When the occupation came after the war, the U.S. military forces ordered zaibatsu families to sell their stock. In 1946, the Mitsubishi group was split into 139 separate entities. After the occupation had ended in 1954, Mitsubishi Trading regrouped with the merger of four if its own trading companies, and the group regained its position as the trading arm and l...

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MITSUBISHI MOTORS. (1969, December 31). In LotsofEssays.com. Retrieved 11:47, March 28, 2024, from https://www.lotsofessays.com/viewpaper/1694624.html