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Mitsubishi, which is one of the famous automobile companies of today launched its first model in the year 1917. This was the first vehicle to be introduced in the Japan’s series production. Over the years, the company has emerged as a great innovator of new technologies. This gave rise to the first Japanese diesel engine. The company grew to greater heights with its first diesel-powered truck. However, after the Second World War Japan’s industrial groups were split.
During which, even the Mitsubishi industry was split into three regional companies. Each of them was involved in motor vehicle manufacturing. After a big struggle in Japan’s economy, there was a rising need for family motoring. This was fulfilled by Mitsubishi 500. Later in 1970s, the Mitsubishi Motors Corporation was formed, and it started to emerge as a strong automobile industry, not only in Japan but even in other parts of the world.