Does this mean Ford owned Mitsubishi?

Mitsubishi participated in a joint venture with rival car-maker Volvo and the Dutch government at the former DAF plant in Born in 1991. The operation, branded NedCar, began producing the first generation Mitsubishi Carisma alongside the Volvo S40/V40 in 1996.

The Dutch government sold out to its partners in 1999 and Volvo, by now owned by Ford, sold its stake to Mitsubishi in early 2001 to leave the Japanese company as the only remaining shareholder. The factory later produced the latest Mitsubishi Colt and the related Smart Forfour (partner DaimlerChrysler cancelled its production in 2006). Production of European market-bound Mitsubishi Outlanders, and badge engineered versions of this vehicle, were also manufactured in the Netherlands until 2012, when the company sold the plant to the Dutch coach manufacturer VDL Groep.
https://en.wikipedia.org/...shi_Motors

Added (1). More answers would be helpful.

No, Ford DID NOT "Own" Mitsubishi. Ford DID own Volvo for a couple of years before selling the brand off to the Chinese.

Reading is evidently not your strong suit.

Ford only owned volvo and mazda. An example of this is the volvo s40/mazda 3 and ford focus all share the same frame. My volvo in particular has ford motor company samped in every strut tower, control arm and even the muffler.

Mitsubish has always been with Chrystler(chrystler, jeep, dodge, ram). Things like the dodge stealth were actually mitsubishi gt3000's.