Mitsubishi 500 The Mitsubishi 500 was the first passenger car produced after the Second World War by Shin Mitsubishi Heavy-Industries, Ltd , one of the companies which would become Mitsubishi Motors . It was built from 1960 until 1962 and formed the basis for Mitsubishi's next model, the Colt 600 . It was exported in small numbers.History First shown at the 1959 Tokyo Motor Show , it became available in 1960 at a cost of ¥390,000. It was powered by a rear mounted , air-cooled 493 cc two-cylinder engine with a single downdraught carburettor producing at 5,000 rpm, driving the rear wheels through a three-speed manual transmission . The body was a monocoque , in order to be light and strong enough to reach the goal of seating four and reaching 100 km/h with such a small engine . Chassis code was A10 , later A11 .500 Super DeLuxe Buoyed by its sales success , it was given an enlarged 594 cc engine in August 1961 for improved acceleration and durability. This model was known as the Mitsubishi 500 Super DeLuxe . The succeeding Colt 600 used a great deal of the 500 Super DeLuxe's underpinnings, including the engine and layout. The Mitsubishi 500 was never a Kei car: Kei regulations at the time of introduction mandated an engine no larger than 360 cc, which remained the limit until it was raised to 550 cc January 1 , 1976.Motorsport heritage Although they are now more renowned for their contemporary successes in off-road racing with the Pajero-based Rally Raid vehicle and Lancer Evo-based WRC car , Mitsubishi's first "homologation special" was a Super DeLuxe-based touring car which the company prepared for the 1962 Macau Grand Prix . In an auspicious debut Kazuo Togawa took class honours, as the diminutive sedan swept the top four places in the "Under 750 cc" category.
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