Mitsubishi Motors Corporation is usually a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the particular sixth biggest Japanese automaker and the sixteenth biggest worldwide simply by production. From October 2016 onwards, Mitsubishi is majority-owned by means of Nissan, and thus a area of the Renault-Nissan Alliance.Besides being part in the Renault-Nissan Alliance, it is also an integral part of Mitsubishi keiretsu, formerly the biggest business group in Japan, through the corporation's community 20% stake in Mitsubishi Motors, and the company had been originally formed in 1970 from the automotive division of Mitsubishi Weighty Industries.Mitsubishi Fuso Truck and Bus Corporation was formerly a component of Mitsubishi Motors, but is now independent from Mitsubishi Motors, which builds commercial level trucks, buses and heavy design equipment, and is owned through Daimler AG.
Mitsubishi's automotive origins date back to 1917, when the Mitsubishi Shipbuilding Company., Ltd. introduced the Mitsubishi Style A, Japan's first series-production car or truck. An entirely hand-built seven-seater sedan in line with the Fiat Tipo 3, it proved expensive in comparison to its American and European mass-produced rivals, and was discontinued throughout 1921 after only 22 have been built.In 1934, Mitsubishi Shipbuilding was merged while using Mitsubishi Aircraft Co., a company established in 1920 to manufacture aircraft engines along with other parts. The unified company was known as Mitsubishi Heavy Industries (MHI), and was the most significant private company in Japan. MHI concentrated on producing aircraft, ships, railroad cars and devices, but in 1937 designed the PX33, a prototype sedan pertaining to military use. It was the very first Japanese-built passenger car having full-time four-wheel drive, a technology the company would get back to almost fifty years later in its pursuit of motorsport and sales achievements.
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Immediately following the end of the 2nd World War, the company returned for you to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled packages vehicle called the Mizushima along with a scooter called the Gold Pigeon were also produced. However, the zaibatsu (Japan's family-controlled manufacturing conglomerates) were ordered to get dismantled by the Allied capabilities in 1950, and Mitsubishi Heavy Industries was separated into three regional companies, each with an involvement in automobile development: West Japan Heavy-Industries, Central Japan Heavy-Industries, and East Japan Heavy-Industries.East Japan Heavy-Industries began importing the Henry M, an inexpensive American four door built by Kaiser Power generators, in knockdown kit (CKD) variety in 1951, and continued to bring these phones Japan for the remainder of the car's three-year production run. The same year, Central Japan Heavy-Industries concluded a comparable contract with Willys (now owned by Kaiser) pertaining to CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps with production until 1998, thirty years after Willys them selves had replaced the type.
By the beginning of the 1960s Japan's overall economy was gearing up; wages were rising and the thinking behind family motoring was taking off. Central Japan Heavy-Industries, now known as Leg Mitsubishi Heavy-Industries, had already re-established a good automotive department in it's headquarters in 1953. Now it was ready to introduce the Mitsubishi 500, a mass market 4 door, to meet the brand-new demand from consumers. It followed this in 1962 with all the Minica kei car and also the Colt 1000, the first of its Colt brand of family cars, in 1963. In 1964, Mitsubishi introduced its biggest passenger sedan, the Mitsubishi Debonair as a luxury car primarily for that Japanese market, and was used through senior Mitsubishi executives as a company car.West Japan Heavy-Industries (currently renamed Mitsubishi Shipbuilding & Architectural) and East The japanese Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) got also expanded their automotive departments in the 1950s, and the three had been re-integrated as Mitsubishi Hefty Industries in 1964. Within three years it is output was over 70, 000 vehicles annually. Following the successful introduction from the first Galant in 1969 and similar growth which consists of commercial vehicle division, it was decided that the company should create a single operation to pay attention to the automotive industry. Mitsubishi Motors Corporation (MMC) was formed on April 23, 1970 as a completely owned subsidiary of MHI underneath the leadership of Tomio Kubo, a successful engineer through the aircraft division. [citation needed].
The particular logo of three red-colored diamonds, shared with over forty other companies within the keiretsu, predates Mitsubishi Motors itself by almost a hundred years. It was chosen by Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive on the emblem of the Tosa Tribe who first employed your ex, and because his personal family crest was 3 rhombuses stacked atop one another. The name Mitsubishi is really a compound of mitsu ("three") in addition to hishi (literally, "water chestnut", often used in Western to denote a precious stone or rhombus).
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