Mitsubishi MotorsPhilippines Corporation is the Philippine operation of Mitsubishi Motors Corporation, where it is the second-biggest seller of automobiles. MMPC is one of MMC's four manufacturing facilities outside Japan, and currently produces the Mitsubishi Mirage and Mirage G4. From 1987 to 2018, MMPC was the distributor of Mitsubishi Fusocommercial 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 and was renamed Mitsubishi Motors Philippines Corporation in 1996.
History
The company's predecessor, Canlubang Automotive Resources Corporation, 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 and Nissho Iwai Corporation. In 1974, the company began introducing Mitsubishi cars in the Philippines. In 1978, the company was renamed Canlubang Automotive Resources Corporation. In 1985, MMC and Nissho Iwai Corporation acquired full ownership of CARCO from the Yulo group. In January 1987, Philippine Automotive Manufacturing Corporation was incorporated by MMC and Nissho Iwai to formally take over the operations and business activities of CARCO. In April 1996, MMC became the majority shareholder of PAMCOR after it acquired 1% of Nissho Iwai's share in the company. In August 1996, PAMCOR was renamed Mitsubishi Motors Philippines Corporation. On June 1, 2018, Sojitz Corporation completed the sale of its 49% stake in MMPC to MMC. As a result, MMPC becomes a 100% wholly owned subsidiary of MMC.
Acquisition of Fuso's commercial vehicles in the Philippines to SFPC
In 1987, a reorganization of the company was made. All of MMPC's distribution functions were transferred to the newly formed Sojitz Fuso Philippines Corporation, which would also take over general distribution to all Mitsubishi Fuso products.
Asian Transmission Corporation
MMPC owns a subsidiary, Asian Transmission Corp., 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.
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.
All Mitsubishi Fuso products was transferred to the newly formed Sojitz Fuso Philippines Corporation, the general distributor of Fuso commercial vehicles in the Philippines.
