Colt Car Company
From Wikipedia, the free encyclopedia
| The Colt Car Company Ltd | |
| Type | Private limited company |
|---|---|
| Founded | March 21, 1974 |
| Headquarters | Watermoor, Cirencester, Gloucestershire, UK |
| Key people | Jim Tyrrell (Managing Director) |
| Industry | Motor vehicle sales |
| Revenue | £554 million |
| Employees | 350 |
| Parent | Colt Automotive Ltd (51%) Mitsubishi Motors (49%) |
| Subsidiaries | Spitalgate Dealer Services Shogun Finance Colt Mid West |
| Website | Mitsubishi-Cars.co.uk |
The Colt Car Company Limited is a privately owned business established in 1974 as part of Mitsubishi Motors' global expansion programme for the purpose of importing and distributing cars and light commercial vehicles in the United Kingdom. It was and remains a 51/49 joint venture between Colt Automotive Ltd and Mitsubishi Motors Corporation.
Three subsidiary companies exist: Spitalgate Dealer Services, which specialises in dealer wholesale stocking, Shogun Finance, the retail finance company, and Colt Cars Mid West, which owns eight Mitsubishi dealerships across the south of England.
For the first twenty years of its life, business was restricted by voluntary import quotas, which limited the company to around 10,000 sales per year. The relaxation of these quotas in 1996, together with the introduction of European-built models at the NedCar facility in Born which were unaffected by the quota, allowed for a rapid expansion in the late 1990s.
Sales in 2005 totalled 38,000 vehicles.
[edit] External links
- Official company history
- Official description of the company structure
- Gloucestershire Top 100 Companies 2006 (Colt Car Co Ltd ranks 6th by revenue)
