Why did Mitsubishi Motors FAIL?

Mitsubishi should be the dominant Japanese car producer. It was backed by a large parent company, it didn’t come to producing vehicles late in the game, and it produced good, dependable cars. Yet Mitsubishi Motors is essentially owned by one of those competitors it should have beaten – Nissan |and is being reduced to little more than a brand name selling cars that under the skin are essentially Nissans. So, even though it was born with a silver spoon in its mouth, why didn’t Mitsubishi dominate, despite producing some quite amazing cars?

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Sources:
https://en.wikipedia.org/wiki/Mitsubishi
https://en.wikipedia.org/wiki/Henry_Ford
https://en.wikipedia.org/wiki/Mitsubishi_Motors
https://ja.wikipedia.org/wiki/%E4%B8%89%E8%8F%B1%E8%87%AA%E5%8B%95%E8%BB%8A%E5%B7%A5%E6%A5%AD
https://en.wikipedia.org/wiki/Mitsubishi_PX33
https://en.wikipedia.org/wiki/Mitsubishi_500
https://www.mitsubishi-motors.com/en/company/history/
https://en.wikipedia.org/wiki/Dodge_Colt
https://en.wikipedia.org/wiki/Mitsubishi_Lancer_(A70)
https://en.wikipedia.org/wiki/Colt_Car_Company
https://en.wikipedia.org/wiki/Mitsubishi_Starion
https://en.wikipedia.org/wiki/Mitsubishi_Pajero
https://en.wikipedia.org/wiki/Proton_Holdings
https://en.wikipedia.org/wiki/Fuso_(company)
https://en.wikipedia.org/wiki/World_Rally_Championship
https://en.wikipedia.org/wiki/Diamond-Star_Motors
https://www.youtube.com/watch?v=NCdLFhUmubc
https://en.wikipedia.org/wiki/Automotive_industry_in_Australia
https://en.wikipedia.org/wiki/Nissan_Leaf
https://www.bbc.co.uk/news/business-16903582
https://www.autonews.com/article/20150727/OEM01/307279955/mitsubishi-throws-in-towel-on-fading-era

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