Mitsubishi is celebrating its 100th anniversary this year, and to honor its long history we want to tell you about how the company came to be. Started initially in 1870 as a shipping firm by Yatarou Iwasaki, Mitsubishi has since grown to one of the leading auto manufacturers in the world.
The name “Mitsubishi” is a combination of the Japanese words “mitsu,” which means three, and “hishi,” which means water chestnut. The name translates into the three diamonds in the Mitsubishi logo. After it was established in 1870, Mitsubishi got into other businesses like coal mining, marine insurance, and eventually aircraft building. Mitsubishi did a significant amount of overseas shipping, which led the company to enter a trade business.
Mitsubishi quickly grew into one of the most far-reaching companies in Japan and became the first auto manufacturer in Japan when it introduced the Mitsubishi Model A. The Model A was designed as a luxury vehicle for government officials and became the country’s first mass-production car.
Mitsubishi Motors is a subsidiary of Mitsubishi Heavy Industries, which also spawned Mitsubishi Atomic Industry, Mitsubishi Chemical, and more. The Mitsubishi Corporation also exists as Japan’s largest trading company, and then there’s Mitsubishi Bank, which became the largest bank in Japan in 2004.
After World War II and the Korean War, which saw turmoil and forced dissolution for Mitsubishi’s many companies, Mitsubishi contributed to a period of unprecedented economic growth in Japan. Since then it has joined with auto companies around the world, from Volvo to Hyundai to Nissan and many more, sharing car platforms and working together to develop the best vehicles around.
Mitsubishi has a 140-year history, making it one of the oldest companies in the world and one of the oldest auto manufacturers. If you’d like to know more about Mitsubishi and its vehicles, come chat with us at JBA Mitsubishi!