People all over the world ride in different types of automobile vehicles. There are thousands of automobile vehicles manufacturing companies in the world that are continuously manufacturing and launching plenty of new models of cars and are making the scope choosing broader for people. While some companies have specialized in manufacturing in large cars there are many companies that are very popular across the globe for their small cars. The models of vehicles that they are launching are not only smart looking but are also equipped with various modern facilities and are thus offering greater comfort to riders. Besides they also provide great services to the customers. Mitsubishi is one such automobile vehicle manufacturing company which has gained huge popularity for its excellent models, that are not only smart looking and equipped with facilities but also run very well. Mitsubishi or Mitsubishi Motors is one of the leading manufacturers of automobile vehicles manufacturing companies in the world. Based in Japan, Mitsubishi Motors is a part of Mitsubishi Group of Companies that are engaged in several other autonomous businesses. Like all other companies of the group, Mitsubishi Motors also share the Mitsubishi brand, legacy and the logo. Speaking about Mitsubishi it must be mentioned here that at present Mitsubishi Motors is the sixth largest automobile vehicle manufacturing company in entire Japan and ranks seventeenth in entire world as far as global unit sales is concerned. And apart from passenger cars, Mitsubishi or Mitsubishi Motors also manufactures wide variety of motor sports cars, buses and vans and is a strong competitors of other car manufacturing majors in the world. The year 1970 is very important in the history of Mitsubishi Motors because it was the time when the company was established as a part of the automotive division of Mitsubishi Heavy Industries. Mitsubishi is one of those automobile majors in Japan which has alliance with several other foreign automobile vehicles manufacturing majors and that is one of the main reasons behind its huge margin of profit which is likely to rise further in coming years. Speaking about alliances one must mention about the sell of its huge percentage of stake to Chrysler Corporation in the year 1971. Chrysler Corporation was the share holder of Mitsubishi Motors till the year 1993. Later in the year Daimler Chrysler became a strong share holder of Mitsubishi Motors and held the stakes till the year 2005. at present Daimler Chrysler, which is now known as Chrysler LLC is running a joint venture with Mitsubishi Motors and are manufacturing models like Dodge Caliber, Compass and Jeep Patriot. Apart from that the Mitsubishi is also sharing joint manufacturing and technology licensing agreements with Korea-based Hyundai Motors and was the co-owner of the largest automobile vehicles manufacturing unit in Netherland. Mitsubishi benefited a lot from these joint ventures and alliances with other automobile manufacturing majors, specially in between 1970's and 1990's. These deals helped Mitsubishi Motors to gear up its annual production. However Mitsubishi did not benefited much from its operation in Southeast Asia. To know more about famous brands of car, click on the pages of the website.