Mitsubishi Motors Philippines

{{Infobox company

| name = Mitsubishi Motors Philippines Corporation

| logo = Mitsubishi motors new logo.svg

| type = Subsidiary

| foundation = 1987 (as Philippine Automotive Manufacturing Corporation)

| location = Head office:
21st Floor, EcoTower Building, 32nd corner 9th Street, Bonifacio Global City, Taguig City, Philippines{{cite web|url=https://www.autoindustriya.com/auto-industry-news/mitsubishi-motors-makes-bgc-its-new-metro-manila-home.html|title=Mitsubishi Motors makes BGC its new Metro Manila home |first=|last=|work=AutoIndustriya.com|date=February 21, 2020}}
Main factory:
No. 1 Auto Park Ave., Greenfield Automotive Park Special Economic Zone, Santa Rosa, Laguna, Philippines

| key_people = Ritsu Imaeda, President & CEO
Noriaki Hirakata, Chairman

| products = Automobiles, SUVs, Pickup Trucks, Trucks, Minibuses

| revenue =

| operating_income =

| net_income =

| num_employees = {{circa|1,700}} (June 2022)

| parent = Mitsubishi Motors (100%)

| subsid = Asian Transmission Corp. (ATC, sold to Mitsubishi Motors in 100% from MMPC)
Mitsubishi Motors Properties, Inc.

| footnotes =

| homepage = {{url|www.mitsubishi-motors.com.ph}}

}}

Mitsubishi Motors Philippines Corporation (MMPC) (formerly Philippine Automotive Manufacturing Corporation) is the Philippine operation of Mitsubishi Motors Corporation (MMC), where it is the second-biggest seller of automobiles.[http://www.manilastandardtoday.com/?page=news3_dec22_2008 "Mitsubishi zooms back to 2nd spot as parent ails"], Dino Ray Directo III, Manila Standard Today, December 22, 2008 MMPC is one of MMC's four manufacturing facilities outside Japan, and currently produces the Mitsubishi Mirage,

Mirage G4, and the L300.{{Cite web|url=http://www.topgear.com.ph/news/industry-news/mitsubishi-ph-build-mirage-local-production-companies-a00012-20161203|title=These companies will help Mitsubishi PH build the Mirage locally}} From 1987 to 2018, MMPC was the distributor of Mitsubishi Fuso commercial vehicles in the Philippines until Sojitz Fuso Philippines Corporation was established in September 2018. The company's slogan is "Drive your Ambition", which has been part of Mitsubishi Motors' global rebranding since 2018.

The company was incorporated in 1987 as Philippine Automotive Manufacturing Corporation (PAMCOR) and was renamed Mitsubishi Motors Philippines Corporation (MMPC) in 1996.

History

File:Mitsubishi Plant (Ortigas Ext., Cainta, Rizal)(2013-02-17).jpg from 1963 to 2014, also markets the L300, Lancer EX, Mirage and Montero Sport before it transferred its production site to its current location in Santa Rosa, Laguna in 2015. (today a mixed-use development site of Sierra Valley Gardens since 2020).]]

The company's predecessor, Canlubang Automotive Resources Corporation (CARCO), was originally established as Chrysler Philippines Corporation in 1963 as the assembler and distributor of Chrysler, Dodge and Plymouth cars in the Philippines. In May 1972, C. J. Yulo & Sons acquired 65% interest in Chrysler Philippines Corporation, with the balance 35% being acquired by Mitsubishi Motors Corporation (MMC) and Nissho Iwai Corporation (now Sojitz Corporation). In 1974, the company introduced Mitsubishi cars in the Philippines. In 1978, the company was renamed Canlubang Automotive Resources Corporation (CARCO). In 1985, MMC and Nissho Iwai Corporation (now known as Sojitz Corporation) acquired full ownership of CARCO from the Yulo group.

In January 1987, Philippine Automotive Manufacturing Corporation (PAMCOR) was incorporated by MMC and Nissho Iwai to formally take over the operations and business activities of CARCO.[http://www.fundinguniverse.com/company-histories/Mitsubishi-Motors-Corporation-Company-History.html History of Mitsubishi], Funding Universe In April 1996, MMC became the majority shareholder (51%) of PAMCOR after it acquired 1% of Nissho Iwai's share in the company. In August 1996, PAMCOR was renamed Mitsubishi Motors Philippines Corporation (MMPC).

On June 1, 2018, Sojitz Corporation (formerly Nissho Iwai Corporation) completed its divestment from MMPC with the acquisition of its 49% stake in MMPC by MMC. As a result, MMPC becomes a 100% wholly owned subsidiary of MMC.{{cite web|url=https://www.sojitz.com/en/news/2018/06/20180601-03.php|title=Sojitz divests from Mitsubishi Motors Philippines Corporation|first=|last=|work=Sojitz Corporation press release|date=June 1, 2018|access-date=August 26, 2020}}

On November 22, 2018, Mitsubishi Fuso Truck and Bus Corporation announced that Sojitz Fuso Philippines Corporation would take over from MMPC as the general distributor of Fuso products in the Philippines effective the first quarter of 2019.{{cite web|url=https://www.mitsubishi-fuso.com/news/2018/11/22/sojitz-fuso-philippines-corporation-appointed-new-general-distributor-for-fuso-in-the-philippines/|title=Press Release: Sojitz Fuso Philippines Corporation appointed new General Distributor for FUSO in the Philippines |first=|last=|work=Mitsubishi Fuso Truck and Bus Corporation press release|date=November 22, 2018|access-date=August 26, 2020}}

In February 2020, MMPC moved its offices (including sales and marketing, government affairs, service, parts, accessories and finance on personnel) to EcoTower Building in Bonifacio Global City, Taguig.

In July 2020, the company produced the 200,000th unit of their best-selling L300 truck, and it will be exported to other Southeast Asian countries, particularly in Indonesia, starting in 2022.{{cite news |last=De Guzman |first=Marcus |date=2020-07-30 |title=In order to grow and expand more, MMPC to export L300 to ASEAN market|url=https://www.autoindustriya.com/auto-industry-news/mitsubishi-ph-to-export-l300-euro4-to-our-southeast-asia-neighbors.html|website=AutoIndustriya.com |publisher=AutoIndustriya |location=Philippines |access-date=2021-11-29}}{{cite news |last=Lacuna |first=Jamil |date=2022-06-09 |title=Look: PH-made Mitsubishi L300 bound for Indonesia|url=https://www.autoindustriya.com/auto-industry-news/look-ph-made-mitsubishi-l300-bound-for-indonesia.html|website=AutoIndustriya.com |publisher=AutoIndustriya |location=Philippines |access-date=2022-06-26}}

Asian Transmission Corporation

MMPC owns a subsidiary, Asian Transmission Corp. (ATC), located in Calamba, Laguna since its establishment in 1973, which produces auto components. Asian Transmission Corporation was sold to Mitsubishi Motors of Japan from MMPC.[http://www.mitsubishi-motors.com/corporate/about_us/profile/e/subsidiary.html "Subsidiaries and Affiliates"] {{webarchive|url=https://web.archive.org/web/20070603084244/http://www.mitsubishi-motors.com/corporate/about_us/profile/e/subsidiary.html |date=2007-06-03 }}, Mitsubishi Motors website

Real estate venture

Mitsubishi Motors Properties, Mitsubishi Motors Philippines' property development and real estate arm, the company develops large-scale, mixed-use, planned communities incorporating residential, commercial, educational, and leisure components. It provides other services such as project design, construction oversight, and property management.

Divisions and subsidiaries

Asian Transmission Corporation (ATC)
Mitsubishi Motors Properties, Inc. (MMPI)

Production and sales

class="wikitable" style="font-size:90%; text-align:center"
style="width:5em" \| Year ! style="width:10em" \| Lancer ! style="width:10em" \| Adventure ! style="width:10em" \| L300 Delica ! style="width:10em" \| L200 Strada ! style="width:10em" \| Total production ! style="width:10em" \| Domestic sales
2000 \| 1,880 \| 6,729 \| 2,918 \| 1,577 ! 13,104 ! 15,285
2001 \| 2,574 \| 7,714 \| 2,079 \| 1,253 ! 13,620 ! 16,367
2002 \| 1,294 \| 7,742 \| 2,925 \| 1,166 ! 13,127 ! 15,231
2003 \| - \| 3,921 \| 3,529 \| 692 ! 8,142 ! 13,912
2004 \| - \| 5,868 \| 2,826 \| 361 ! 9,055 ! 12,483
2005 \| - \| 5,876 \| 3,685 \| 5 ! 9,566 ! 11,845
2006 \| - \| 4,560 \| 3,992 \| - ! 8,552 ! 12,485
2007 \| - \| 6,033 \| 4,580 \| - ! 10,613 ! 14,878

class="wikitable" style="font-size:90%; text-align:center"

style="width:5em" | Year

! style="width:10em" | Lancer

! style="width:10em" | Adventure

! style="width:10em" | L300 Delica

! style="width:10em" | L200 Strada

! style="width:10em" | Total production

! style="width:10em" | Domestic sales

2000

| 1,880

| 6,729

| 2,918

| 1,577

! 13,104

! 15,285

2001

| 2,574

| 7,714

| 2,079

| 1,253

! 13,620

! 16,367

2002

| 1,294

| 7,742

| 2,925

| 1,166

! 13,127

! 15,231

2003

| -

| 3,921

| 3,529

| 692

! 8,142

! 13,912

2004

| -

| 5,868

| 2,826

| 361

! 9,055

! 12,483

2005

| -

| 5,876

| 3,685

| 5

! 9,566

! 11,845

2006

| -

| 4,560

| 3,992

| -

! 8,552

! 12,485

2007

| -

| 6,033

| 4,580

| -

! 10,613

! 14,878

(sources: [https://web.archive.org/web/20070305232559/http://www.mitsubishi-motors.com/corporate/ir/share/pdf/e/fact2005.pdf Facts & Figures 2005], [https://web.archive.org/web/20090320113933/http://www.mitsubishi-motors.com/corporate/ir/share/pdf/e/fact_2008.pdf Facts & Figures 2008], Mitsubishi Motors website)

Vehicles

=Current products=

L300 (1987–2017, 2019–present) - Locally produced
Mirage (2012–present) - Imported from Thailand until 2016 then locally produced
Mirage G4 (2013–present) - Imported from Thailand until 2016 then locally produced
Montero Sport (2001–2005, 2008–present) - Imported from Thailand
Outlander (2007–2012, 2024–present) - Imported from Japan
Triton (1978–present) - Locally produced until 2005 then imported from Thailand
Xforce (2024–present) - Imported from Indonesia
Xpander (2018–present) - Imported from Indonesia
Xpander Cross (2020–present) - Imported from Indonesia

= Former products =

Adventure (1997–2017) - Locally produced
ASX (2011–2017) - Imported from Japan
Eclipse (1997–2011) - Imported from United States
Endeavor (2007–2011) - Imported from United States
Fuzion (2007–2016) - Locally produced from 2007 to 2014 then imported from Taiwan from 2014 to 2016
Galant (1973–2012) - Locally produced from 1973 to 2006 then imported from Taiwan from 2006 to 2012
Grandis (2005–2011) - Imported from Japan
Lancer (1976–2017) - Locally produced and imported from Japan and Thailand
Lancer Evolution (2005–2011) - Imported from Japan
L300 Exceed Van (1997–2005) - Locally produced
Pajero (1986–2021) - Locally produced from 1986 to 2008 then imported from Japan from 2006 to 2021
Space Gear (1998–2008) - Locally produced
Space Wagon (1992–1999) - Locally produced

== Fuso commercial vehicles (transferred to Sojitz Fuso Philippines) ==

All Mitsubishi Fuso products was transferred to the newly formed Sojitz Fuso Philippines Corporation, the general distributor of Fuso commercial vehicles in the Philippines.

References

External links

[http://www.mitsubishi-motors.com.ph/ Mitsubishi Motors Philippines Corporation]

Category:Mitsubishi Motors factories

Category:Mitsubishi Motors subsidiaries

Category:Motor vehicle assembly plants in the Philippines

Category:Companies based in Santa Rosa, Laguna

Category:Philippine subsidiaries of foreign companies

Category:Philippine companies established in 1963

Category:Vehicle manufacturing companies established in 1963